Wolf Works DAO Price (WLD)

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 $WLD governance token. By holding the $WLD 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 $WLD 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.

$WLD’s smart contract was deployed to the Polygon network on Feb. 7th, 2022, 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 $WLD token. $WLD could only be minted by depositing $wLITI tokens into Wolf Works DAO's smart contract. When $wLITI tokens were deposited, $WLD 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 $WLD's smart contract and $WLD cannot be minted anymore. The total supply of $WLD when deposits were turned off is the new maximum supply of $WLD. By capping the supply of $WLD, 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 $WLD was minted.

To learn more, please read the documentation.