WLFI: 180-day token, 90 days of voting rights

Wild Liberty Financial is launching a token prize scheme: 180 days of deposits and votes every 90 days.

What's this about?
Wild Liberty Financial, or WLFI, proposes a scheme to reward token holders of the project for participating in its stewardship with the proviso that unlocked tokens must be deposited into an on-chain protocol for at least 180 days and voted by themselves in the stewardly bids at least once every 90 days.

Key word in the proposal.
Stewardship here means voting on project management proposals; token deposit in the Onchain protocol refers to entering tokens into a system running directly on the blockchain network. Staking in this proposal is linked to how many WLFIs joined the system and used as one factor for calculating dynamic rewards.

Why is this proposal important?
For token-controlled projects, voting is not just an ancillary activity but a condition that enables the holder to play a role in the direction of the ecosystem. The WLFI's proposal thus ties receiving rewards directly to the actions of holders - both tokenized onchain protocol deposits and self-voted ones. Individual or individual token holders may be ineligible for awards.

In addition, the rewards are not fixed but dynamically calculated based on the size of the prize pool and the amount of WLFI participating in the staking. The prize fund is derived from ecosystem resources and fees from Wild Liberty Markets. References such as these make it clear to participants that prizes change according to conditions of the ecosystem and the stakeout, rather than a predetermined number.

How does that affect the token holder?
Those wishing to receive the prize must plan for at least two things: first, a deposit period; secondly, an unlocked token holder who has deposited their tokens in onchain protocols for no less than 180 days; and thirdly, a voting round. The token holders themselves must vote on the custodial control proposal at least once every 90 days. If there is no complete self-voting or if voting rights are assigned to other holders, this does not count as conditional participation.

Depositing in the onchain protocol also means that participants need to check if their tokens have been unlocked, because the offer only identifies token holders who are already unlocking as eligible for conditional participation. Holders of non-unlocked tokens do not engage with participants identified in this reward scheme.

What should Thai readers check out?
Readers in Thailand who hold or are interested in WLFI tokens should be aware of the legal status and terms of licensed platforms such as the SEC (Thailand) and Bitcube, including viewing pricing in batch units prior to implementation because joining an onchain-like protocol may involve digital asset conditions, local laws, and the ability to move a token between systems.

What else should I know?
Dynamic reward calculation means that the value of a prize will change based on factors stated in the proposal, such as: size of the prize pool and amount of WLFIs participating in staking; token holders reading details around deposits; 180-day countdowns; 90-day counters; and source of money for the price pool from ecosystem resources with physical values from Wild Liberty Market to be reviewed prior to implementation.