$WSDM Buyback and Burn Everything You Need to Know

At Wisdomise, we’re committed to creating long-term value for our investors and token holders. An essential way we fulfill this commitment, with a 3.8M yearly generated revenue last year, is by sharing the revenue with our community through token buybacks and burns resulting in total circulating supply reduction and making the token deflationary and potentially increasing scarcity and driving price appreciation for token holders.

As our platform enters a growth phase, we’re implementing a buyback and burn mechanism that directly benefits our community. Starting April 1st, revenue generated will be used to repurchase and burn our native token, $WSDM. This initiative, tied to platform performance and growth will be one the main vehicles we can leverage to drive long-term value and deliver significant benefits to our community and token holders.

How Does It Work?

$WSDM Buyback and Burn consist of 4 different segments displayed in the chart below:

Table-1

Here’s how the token burning process works across different touchpoints:

• Subscription Fee — Paid in $WSDM (100%): When users pay for platform services fee using $WSDM, they get 50% discount, but on the other hand, 100% of the tokens will flow into the Phoenix Treasury.
• Subscription Fee — Paid in Fiat or Stables (50%): Half of all subscription fees paid in fiat or other cryptocurrencies is used to buyback the tokens and send them to Phoenix Treasury!
• Trading Fees (50%): Half the trading Fees charged upon using AI Trader goes to the Phoenix Treasury.
  More Trading = More Fees Generated = More Buybacks!
• In-App Promotion — Paid in Others’ Tokens (50%): 50% of the revenue is allocated to buyback $WSDM for in-app promotions paid in other tokens. This ensures that external currencies also contribute to the token burn process.

Note: Multiple upcoming segments will be announced, adding to the different ways we generate revenue and collect $WSDM from the market to enhance and maximize the buyback and burning mechanism!

What is the Phoenix Treasury?

In order to minimize the price impact and prevent any manipulation we designed a treasury called Phoenix which helps us distribute collected funds wisely.

Table-2

• 60% of all collected $WSDM will be burned instantly and permanently removed from circulation.
• 30% is locked for 12 months, limiting their availability and will be used for community building purposes then.
• 10% are held as incentives for different tournaments, ambassadors, contests, community incentives, etc.

Decay Formula

A unique formula, used as the coefficient of our calculations, named “Decay Formula,” helps us calculate and maintain the exact number of tokens that will go to the Phoenix Treasury!

This will help us balance token buyback and burn, with platform growth and maximize the effect as time passes; on the other hand, it will prevent excessive token depletion while fostering confidence in our ecosystem’s growth.

Decay Formula

Conclusion

By linking our token buyback and burn mechanism to platform performance, Wisdomise offers a sustainable approach to token management. As we grow, our burning strategy will continue to deliver value to investors and token holders. Stay tuned for more updates as we enter this exciting phase of growth!