Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
Wolf Works DAO news
About Wolf Works DAO
Designed to provide community-led governance, Wolf Works DAO is a decentralized autonomous organization that puts the power directly in the hands of its stakeholders. At the heart of Wolf Works DAO is the $WWD governance token. By holding the $WWD token, holders have voting rights and can participate in decision-making for all aspects of the DAO's operations. This system allows for a truly democratic approach to investing, ensuring that everyone has a say in how the organization is run and giving us all a stake in its success. Whether it is deciding which projects to focus on or determining how to allocate resources, members of the community use their $WWD tokens to help shape the direction and future of Wolf Works DAO. Not only does this allow for greater collaboration and consensus-building among members, but it also ensures that decisions are made in a transparent and fair manner. In addition, the decentralized nature of Wolf Works DAO means that all stakeholders are aligned around a common goal: growing the value of this innovative organization.
$WWD’s original smart contract was deployed to the Polygon network on Feb. 7th, 2022 under the name wLitiDAO, and was listed on its first DEX (Quickswap) on Feb. 10th, 2022. It was created by a group of $wLITI token holders who chose to use $wLITI as the foundation for the $WWD token. $WWD could only be minted by depositing $wLITI tokens into Wolf Works DAO's smart contract. When $wLITI tokens were deposited, $WWD tokens were minted at a 1-to-1 ratio. $wLITI deposits were turned off on March 6th, which means that $wLITI can no longer be deposited into $WWD's smart contract and $WWD cannot be minted anymore. The total supply of $WWD when deposits were turned off is the new maximum supply of $WWD. By capping the supply of $WWD, it ensures that the token remains scarce and valuable over time. A total of 1,918,024,825 $wLITI was deposited into the treasury and 1,918,024,825 $WWD was minted.
To learn more, please read the documentation.
What is Wolf Works DAO?
Wolf Works DAO represents a decentralized autonomous organization that operates on the Polygon network, focusing on empowering its members through a community-led governance structure. It is built on the foundation of collaboration, transparency, and empowerment, aiming to unite individuals with a common interest in shaping the future collaboratively. The core of Wolf Works DAO's governance model is the $WWD token, which grants holders voting rights and the ability to participate in decision-making processes. This democratic approach ensures that all members have a say in the organization's direction, from project selection to resource allocation.
The organization emphasizes automated audits, fee setting, minting, and burning capabilities, enhancing its operational transparency and efficiency. Initially launched as wLitiDAO, Wolf Works DAO transitioned to its current form with the $WWD token, which was created by a collective of $wLITI token holders. The $WWD token could initially be minted by depositing $wLITI tokens at a 1-to-1 ratio, a process that was halted on March 6th, leading to a capped supply of $WWD tokens. This cap ensures the token's scarcity and potential value over time, with a total of 1,918,024,825 $WWD minted.
As a decentralized entity, Wolf Works DAO aligns its stakeholders around the common goal of enhancing the organization's value, fostering greater collaboration, and ensuring decisions are made transparently and equitably. The organization's use of the Polygon network and its governance model exemplify the innovative approaches being explored in the realm of decentralized finance and governance.
Before considering involvement or investment in decentralized autonomous organizations like Wolf Works DAO, it's crucial to conduct thorough research to understand the intricacies and potential risks associated with such entities.
How is Wolf Works DAO secured?
Wolf Works DAO employs a multifaceted approach to security and governance, emphasizing the importance of community involvement and transparent decision-making processes. At its core, the DAO utilizes the $WWD governance token to empower its holders with voting rights, enabling them to actively participate in the organization's decision-making processes. This democratic approach ensures that every stakeholder has a voice in key decisions, ranging from project selection to resource allocation.
The governance model is designed to foster a sense of ownership and responsibility among the community members, who comprise DeFi builders, crypto enthusiasts, and advocates for decentralized governance. By allowing $WWD holders to propose and vote on initiatives, the DAO ensures that its treasury is managed in a way that aligns with the community's interests and goals.
Furthermore, the DAO's commitment to transparency and democratic governance is reinforced by its operational framework, which encourages stakeholders to engage in all aspects of its operations. This inclusive model not only promotes consensus-building and collaboration but also ensures that decisions are made in a manner that is both transparent and equitable.
The technical foundation of Wolf Works DAO also contributes to its security. The $WWD token was initially deployed on the Polygon network, leveraging the benefits of this platform to offer a secure and efficient environment for transactions and governance activities. The decision to cap the supply of $WWD by discontinuing the minting process further enhances the token's value and scarcity, adding an additional layer of economic security to the DAO's ecosystem.
In summary, Wolf Works DAO's security and governance are underpinned by a combination of community-led governance, transparent decision-making, and a secure technical infrastructure. This approach not only ensures the integrity and sustainability of the DAO but also aligns with the broader principles of decentralization and democratic participation in the crypto space.
How will Wolf Works DAO be used?
Wolf Works DAO represents a decentralized autonomous organization that leverages blockchain technology to facilitate community-led governance and decision-making. Operating on the Polygon platform, it empowers its governance token ($WWD) holders with the authority to guide the organization's direction. This structure ensures that every stakeholder has a voice in pivotal decisions, ranging from project investments to resource allocation.
The core of Wolf Works DAO's operations is centered around its governance token, $WWD, which grants holders voting rights. This democratic approach not only fosters collaboration and consensus among community members but also promotes transparency and fairness in decision-making processes. The organization's decentralized nature aligns stakeholders with the collective goal of enhancing the organization's value, thereby fostering a unified effort towards growth and success.
Originally launched as wLitiDAO, the DAO underwent a transformation with the creation of the $WWD token, which was initially minted through the deposit of $wLITI tokens into the DAO's smart contract. This process was halted on March 6th, establishing a fixed supply of $WWD tokens and thereby ensuring its scarcity and potential value appreciation over time.
Wolf Works DAO's commitment to community governance and the strategic investment of treasury funds into various projects exemplifies the innovative potential of decentralized finance (DeFi). By empowering its members to steer the organization, it embodies the principles of decentralization and collective ownership, which are foundational to the blockchain and cryptocurrency ecosystem.
As with any investment in the cryptocurrency space, it's crucial for individuals to conduct thorough research and consider the inherent risks before participating.
What key events have there been for Wolf Works DAO?
Wolf Works DAO has been an active participant in the cryptocurrency ecosystem, focusing on decentralized finance (DeFi) and governance. The organization is built around the principle of community-led governance, facilitated through the $WWD governance token. This token grants holders voting rights, allowing them to participate in decision-making processes that influence the DAO's operations and project directions. The emphasis on democratic investing and transparent decision-making underscores the DAO's commitment to a collaborative and equitable approach to governance.
A significant milestone for Wolf Works DAO was the deployment of its original smart contract on the Polygon network on February 7th, 2022, initially under the name wLitiDAO. This was closely followed by its listing on a decentralized exchange (DEX), Quickswap, on February 10th, 2022. The creation of the $WWD token was spearheaded by a collective of $wLITI token holders, who decided to use $wLITI as the foundational asset for $WWD. This innovative approach allowed $WWD tokens to be minted exclusively through the deposit of $wLITI tokens into the DAO's smart contract, with a 1-to-1 minting ratio.
A pivotal decision was made on March 6th, 2022, to cease the deposit of $wLITI into the smart contract, effectively halting the minting of new $WWD tokens. This action established a fixed maximum supply for $WWD, enhancing its scarcity and potential value over time. By the time deposits were discontinued, a total of 1,918,024,825 $wLITI had been converted into $WWD tokens.
Wolf Works DAO's approach to decentralized governance, combined with strategic decisions regarding its tokenomics, highlights its commitment to fostering a sustainable and community-driven ecosystem. The organization continues to attract attention and support from DeFi builders, crypto enthusiasts, and advocates for decentralized governance, all of whom play a crucial role in its ongoing development and success.
The live Wolf Works DAO price today is $0.002635 USD with a 24-hour trading volume of $325.31 USD. We update our WWD to USD price in real-time. Wolf Works DAO is up 0.35% in the last 24 hours. The current CoinMarketCap ranking is #6301, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.