Another day, another token. GM, LOOKS, SOS, and now WTF.
Fees.wtf (referral link attached) is claiming to be more than just an airdrop token. Honestly, the further we get into token season the more it starts feeling like 2017 again. Everyone should be cautious of these mechanics especially when referrals and service fees start becoming attached to them.
Here is an update: watch our video. please like and subscribe!
By claiming your airdrop, you are not only claiming your free WTF tokens, you’re also claiming several other items and perks, including:
- An official fees.wtf ‘rekt’ NFT
- Access to the upcoming Pro Dashboard at fees.wtf (while holding the rekt NFT)
- Referral link with scalable ETH rewards
Prior to claiming the airdrop, users are required to pay a service fee (0.01 ETH) to reward the development team for the work
they have performed on the project. This service fee will not be used to generate a financial return or any other benefit for
airdrop claimers, token holders, or users of the fees.wtf platform, but will instead go directly to the development team and
any referrer, if applicable (see above).
Pro Dashboard WTF
The goal of the token is to help the team created a Pro Dashboard that will be multichain allowing users to see insights into how they are being impacted by gas fees with leaderboards and more.
Having a healthy treasury creates many potential opportunities. The treasury will be seeded with 40 million WTF at launch and supplemented over time by a proportion of the internal WTF transfer fees incurred on token transfers. At launch, the treasury will be locked while a DAO is established to provide governance. Once unlocked and controlled by the DAO, there are multiple strategies and options the DAO can explore, including but not limited to using treasury funds for:
- Token buybacks;
- Token burns;
- Increasing liquidity depth; and
- Activities on other protocols on and/or chains (e.g. staking pools).
The Fees.wtf whitepaper is available here.
Ultimately it’s another DAO
A DAO is an organization that is run by rules encoded as computer programs called smart contracts. DAOs can be considered as a new form of corporation that is not controlled by any one individual and would use the power of the blockchain to provide complete transparency and accountability to its stakeholders. DAOs are different from traditional corporations because they are not bound by a physical location, have no traditional management hierarchy, and do not issue shares to raise funds.