Web3Shot
  • Introduction to Web3Shot
    • What is Web3Shot?
    • What is the Mission?
    • Community Ownership
    • How does Web3Shot work?
    • Web3Shot Passport
  • Learning experience
    • Featured Quiz
    • Gamified Learning
    • AI Enhanced Learning
    • Onboarding Solutions
  • Tokenomics
    • Token Structure
    • $W3S
    • $UW3S
  • Roadmap
    • Q3 2022
    • Q4 2022
    • Q1 2023
    • Q2 2023
    • Q3 2023
  • Contact us
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  • Token Utility
  • Token Spending Mechanism
  1. Tokenomics

$UW3S

UW3S is designed to be the only utility token in the ecosystem, with a total supply of 10 billion. The rationale for this utility token is tied to the monetization capabilities of the Web3Shot platform

Token Contract: 0x961E149Db8bFBDb318c182152725ac806D7BE3f4

Token Utility

UW3S is allocated based on users' in-app tasks. Specifically:

  • Quizzes, allowing users to learn and understand the web3 concepts in different scenarios and earn in-app GEMs.

  • Competitions, rewarding users with attractive prize pool, based on intense leveling mode and daily quizzes results.

  • Referral, encouraging users to spread the word and invite acquaintances.

Token Spending Mechanism

For the sustainability of the gamification experience, a token spending mechanism has been designed into the system.

  • In-App Spending

    • Use UW3S to acquire activities rights, virtual assets and properties, enhanced experience payments, and premium features.

    • The first use case of UW3S would be the payment for Web3Shot Passport.

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Last updated 2 years ago