Wiami Fuel Economy ️. We have made significant strides towards supercharging the $WILD token economy.

21 Sep 2023, 16:25

Wiami Fuel Economy ⛽️ We have made significant strides towards supercharging the $WILD token economy. This is not a metaphor or hyperbole; we are talking about the integration of physical and virtual energy in the truest sense. There are three primary challenges we wanted to solve to create a sustainable token economy for the Wilder Nation: 💠 Real Utility: Many tokens masquerade as having utility when in fact they offer no meaningful use over more liquid and widely held currencies (such as USD, BTC and ETH). We want to ensure $WILD is tightly coupled to the operation of the metaverse itself, that it is highly differentiated from other tokens, and generates real value to those who choose to utilize its productive power. 💠 Real Cost: The closer an instrument is valued relative to its underlying base resource cost, the more defensible the value of the instrument. When you purchase gold, you are purchasing latent energy that can be converted into goods far into the future. When you purchase oil, you are purchasing a commodity that can be converted into productive energy and metabolized by an existing network of global supply chains. When purchasing BTC, part of what you are paying for is the cost of the underlying energy required to perform the computational work necessary to secure the Bitcoin network. Valuable commodities are backed by tangible value IRL. Many cryptocurrencies today are backed by no underlying resource and generate minimal productive capacity, acting as an unnecessary intermediary between users and computational resources. 💠 Real Incentives: Staking alone is not a sustainable incentive to build a real economy. Staking as it relates to most tokens can be looked at as a way to pay token holders to not sell their token, creating the illusion of limited supply beyond the actual productive capacity of their economy. In healthy economies, people convert currencies into goods and services that enhance and expand the breadth and usefulness of what is available within that economy. Real incentives encourage investment to build, grow and sustain economy (and in ideal conditions make life better). In the case of currencies, their goal should be to enable growth and abundance over scarcity. If rewards are distributed to everyone equally without an adequate mechanism for allocating scarce capital on a relative effective basis, the economy will eventually just collapse in on itself. We’ve seen this with many of the early token protocols and Web3 games. Real incentives encourage money to flow productively. Almost time to fuel up Wilders!