Token Details

Token Distribution

Token Name: WILD

Blockchain: Celo

Total Supply: 21 Billion WILD tokens

Community Allocation (50%):

• Awarded to individuals for playing Wildchain, completing missions, or contributing to community growth and support.

Ecosystem Fund Allocation (20%):

• Investments into growing the Wild DAO ecosystem through strategic partnerships, innovation, and expansion opportunities.

Foundation Reserve Allocation (20%):

• Reserved for long-term growth, sustainability, and scalability of Wildchain and Wild DAO ecosystem, including future project expansions.

Token Sale & Team Allocation (10%):

• 5% sold to investors (strategic partners, impact investors, advisors)

• 5% allocated to founders, team, and advisors.

Token Sale Details

Seed Round:

Amount Raised: $1,000,000 USD

Token Price: $0.0020 per token

Community, Ecosystem Fund, and Foundation Reserves released over 7 years.

Use of Funds

Fundraising Target:

Seed: $1,000,000

Future Rounds: $3,000,000

Total: $4,000,000

Allocation of Funds:

$500,000 for Tech & Development

$2,250,000 for Marketing

$1,000,000 for Operations

$250,000 for Legal, Admin, and Other expenses

Token Unlocking

21 Billion WILD Tokens (Total Supply)

4.2 Billion tokens released annually until 2026 (for 3 Years)

2.1 Billion tokens released annually until 2030 (for 4 Years)

Token Price at Seed Round: $0.002

Market Cap in 2024: $8,400,000 (20% of WILD unlocked)

Investor Lockup Terms

20% of WILD purchased unlocked in October 2024

80% of WILD purchased subject to 3 year lockup

Minimum Contribution: $50,000 per investor

Token Economics

Wild DAO will eschew a burning mechanism for WILD. Burning – removing a token from circulation, typically by sending it to a wallet from which it cannot be retrieved – has sometimes been advocated as a means to create deflationary pressure on a token. However, removing tokens from circulation does not create new value, but only redistributes value amongst a smaller group. Creating new value necessitates growth (e.g., a factory expanding capacity, a DEX increasing the sizes of its liquidity pools), which would be more aided by distribution of WILD to ecosystem contributors. With this in mind, the circulation mechanism for WILD will avoid the capital-destroying process of burning, adopting instead the redistributive models where activities, voting, and impact creation returns WILD to Wildchain for future distribution.

We have focussed our token economics design to incentivize growth and sustainability. We see WILD not just as a currency, i.e., a medium of exchange, but also capital providing governance and participation in a pool of resources which could be used to encourage contributions to the growth of Wild DAO and ultimately generating ongoing funding for conservation projects worldwide.

Impact Model

The primary purpose of WILD is to empower our community to make a difference. When you earn WILD, you’re invited to play a part in the allocation of funds towards real-world conservation efforts. You are able to help define the impact that we make together. The process works as follows:

1. An individual earns $WILD through activities in Wild DAO or from buying it in the open market.

2. Individuals browse from a list of projects open for funding on Wildfund, and can support these projects directly with WILD.

3. WILD spent by users is locked up for one year and eventually returns to Wild DAO.

4. The project receives funds from Wild DAO's profits.

5. The individual is able to track all the impact they have made (e.g. Area of land protected, number of rare species trees planted, lions protected)

6. The locked token is returned to Wild DAO after one year and available to be redistributed to the community to incentivize engagement and growth.

We wish to highlight that unlike projects which allows users to donate tokens which are sold to fund charitable activities in fiat (which generates an abundance of sell pressure on the tokens), the donations made to projects from Wild DAO is instead coming from game profits hence does not result in the need for any WILD to be sold in the process. Furthermore, the WILD that is spent by users are locked up for a year, removing tokens from circulation. The more players participate in supporting conservation projects, the less tokens will be in circulation.

Voting

We have designed Voting as a token circulation mechanic, where tokens are returned to Wild DAO following each voting round. This is the first of two mechanics which we use to prevent whales having an outsized influence on voting. Voting on governance decisions is an important part of the co-creation process of Wild DAO's future, and we are asking our community to contribute to these decisions by spending WILD in support of their preferred decisions. The process of Voting works as follows:

1. A vote opens

2. Individuals vote on their preferred decision with any amount of WILD they wish to contribute to that decision

3. The WILD is locked up for 1 year

4. The decision is made based on the total votes received

5. WILD is unlocked after one year, and is returned to Wild DAO's community fund for future distribution

The second mechanic designed to limit the power of whales is an adapted version of quadratic voting. The primary reason we have adapted the quadratic voting mechanic proposed by Steven Lalley of the University of Chicago and Microsoft researcher Glen Weyl in a 2018 paper, where quadratic voting assigns voting credits to individuals and allows them to assign as many votes as they wish to an outcome, but with the credit cost of each vote increasing in a quadratic manner (i.e., two votes cost four credits, five votes cost 25 credits), is due to our combination with the first mechanic. We believe if whales never spend their token, they will always have outsized influence on votes, but with a mechanic where voted tokens are spent, it becomes unsustainable to always outvote the rest of the community.

Wild DAO's voting costs are broken down as below:

To start with, the first 100 votes costs 100 WILD per vote (10,000 WILD for 100 votes).

Then every next 100 votes shall cost 100 WILD per vote more than the previous, i.e.

The following 100 votes costs 200 WILD per vote (20,000 WILD for 100 votes).

The following 100 votes costs 300 WILD per vote (30,000 WILD for 100 votes).

The following 100 votes costs 400 WILD per vote (40,000 WILD for 100 votes).

In this example, if WILD price is $0.005, the first 100 votes would cost $50; and the total cost of 500 votes would be 150,000 WILD or $750.

NFTs and WILD

Another core circulation mechanic of WILD is for the creation and trading of NFTs. While players upgrade their animals in the game and discover items, they will be able to mint NFTs of these animals, as well as update their NFTs when they wish to add more items into the NFTs such. These actions cost WILD. If over time, WILD price increases, the creation cost or upgrading cost of our NFTs (in USD value) will become more expensive (assuming cost in WILD remains the same). WILD is also used to put NFTs up for sale and purchase NFTs (Wild DAO's fee). These activities all generates WILD circulation back to Wildchain for future redistribution.

Access to Future Tokens

A 2022 global survey of 2,428 GameFi investors found that 81% highlighted the fun factor as the most important incentive for participating in future projects, above earning potential. In funding various conservation projects, Wild DAO collects the respective impact token (such as carbon credits or biodiversity credits). When our impact grows to a significant number, Wild DAO plans to release a wide collection of memecoins with impact backing. Individuals will be able to swap WILD for various memecoins. Wild DAO's memecoins will have the unique selling point that they are backed by real world impact.