Wait Protocol Whitepaper

Abstract: The Wait protocol is the world’s first gasless and fully sustainable faucet. Designed to onboard users to the Solana blockchain frictionlessly and to reward users for simply waiting. The wait-to-earn ecosystem is a novel concept and a first of its kind. The $WAIT token will be the native asset of the Wait protocol, designed to be a deflationary asset that supports all operations within the Wait ecosystem.

Tokenomics

Total token supply: 28,000,000

Founders 11%

Community Airdrops 13%

Events 8%

Development 8%

Treasury 7%

Liquidity 53% (33% DEX) (20% is reserved for CEX listings)

Token Tax Revenue (2.2% Buy | 3.3% Sell)

41% Community (Daily rewards to users on the Wait protocol)

28% Founders

5% Marketing

22% Buy back and burns / Treasury

4% Giveaways

Community Rewards & Sustainability

The management / regulation of capital is essential for the long-term sustainability of the protocol. Rewards are distributed depending on several factors. Such as wallet age, activity, consecutive claims, and assets. Community rewards are distributed based on long-term objectives and runway despite potential spikes in short-term earnings. (I.E the community reward revenue share is over $10,000 | Emissions may be dynamically adjusted based on treasury health, trading volume, and ecosystem activity to preserve long-term sustainability.) Wait protocol is designed to be fully sustainable once $WAIT achieves moderate adoption.

Treasury and Buy Backs

The treasury enables perpetual long-term buy pressure, treasury funds are allocated into yield-bearing protocols / projects. All returns are used to buy back and burn the $WAIT token, creating constant buy pressure as the protocol grows. Treasury funds will be utilized to buy low-risk, high-return assets (i.e., USDE, US treasuries, and lending in the DeFi ecosystem)

Marketing Efforts / User Acquisition

Though user acquisition is frictionless, the product is designed to draw attention to the ecosystem. Marketing remains an essential element to drive adoption of $WAIT and the protocol. Retention will be the predominant focus; established systems address core issues, however, ongoing enhancement of all KPIs is still critical for long-term success.

Reward system & Anti-Bot mechanisms (Coming soon)

The Wait protocols reward system will be designed to be fair; bots will be punished and rewarded far less than real users. Users who have used Solana before or have transactional activity on the chain can make up to 3X more in rewards than new users or bots! Other systems include our proprietary cluster bot detector, which reduces rewards for users’ multiple accounts.

Token Adoption

Our thesis on $WAITs adoption is dissecting the taxonomy of previous projects that drove strong adoption and amalgamating those ideas into our novel concept. Our adoption strategy leverages gamified retention loops and strategic ecosystem partnerships, details of which will be executed in phases.

Future Earnings & User Rewards

Currently, rewards will be in the range of $0.05 - $0.20 per claim / daily. Though this may seem small, we will be giving an estimated $100 - $3,000 per day to our users! Daily community rewards are dynamically allocated based on protocol revenue and sustainability thresholds. On high-volume days, a larger portion of revenue may be distributed, while lower-volume days result in reduced emissions to preserve runway. If adoption of the $WAIT token is even modest, the Wait protocol will continue to function and pay out users for years to come, making it the world’s first sustainable faucet and deflationary token ecosystem. Future products will be released from the $WAIT that will allow users to earn significantly larger amounts from other products as we continue to scale the on-chain economy for the Wait protocol.

^{_{$WAIT is a utility token designed for use within the Wait Protocol ecosystem. It does not represent equity, ownership, or any claim to profits, treasury assets, or governance rights. Rewards, emissions, and token mechanics are subject to change and are not guaranteed. Participation involves risk, including potential loss of value. Users should conduct their own research before engaging with the protocol.}}