🪙$WEST Token

$WEST TOKENOMICS

$WEST is the native token of the Posse ecosystem, crafted to empower participants across a range of activities, from trading on our DEX to engaging with the NFT marketplace, GameFi features, and staking options. This token is designed with long-term value sustainability in mind, driven by a limited supply, a deflationary buyback-and-burn mechanism, and strategic reward structures. Built for cross-chain interoperability and decentralized growth, $WEST incentivizes active community participation, supports innovative projects via our launchpad, and offers unique engagement rewards. Dive into the details below to understand how $WEST is woven into Posse’s vision of a dynamic, decentralized, and community-driven ecosystem.

Intro

• Hard Cap: 1 billion (1,000,000,000) $WEST tokens.

• Mining Reserve: 25% of the total supply, or 250 million $WEST, is allocated for mining.

• Buyback & Burn: 12% of trading fees are allocated to buy back and burn $WEST tokens.

Contract Address: To be confirmed (TBC)

Allocation

Locked Token Distribution

• Team: 20% of the total supply is fully locked for the first 12 months following the Token Generation Event (TGE). After that, it unlocks daily over months 13 to 36, with vesting concluding four years post-TGE.

• Mining: 25% of the total supply is fully locked for the first month post-TGE. It then unlocks daily over months 2 to 60, with vesting concluding six years post-TGE.

AMM Fees A trading fee of 0.15% is applied to all trades on the POSSE platform.

• Liquidity Pool: 84% (0.126%) is redeposited into the liquidity pool as rewards for liquidity providers.

• Buyback & Burn: 12% (0.018%) is used to buy back and burn $WEST tokens, reducing the total supply.

• Team Treasury: 4% (0.006%) is allocated to the team treasury.

$WEST Buybacks

A small fee is applied to every swap in a pool on the POSSE platform. Depending on the pool, this fee is split between incentives for liquidity providers and buybacks for $WEST. The buybacks reduce the token supply over time, creating a sustainable deflationary mechanism that supports long-term price stability.

Staking

• $WEST Staking: Holders can stake $WEST to earn additional $WEST rewards.

• $WILD Staking: Holders of $WILD tokens can stake to earn $WEST.

NFT Marketplace

Additional $WEST can be earned through interactions on the NFT Marketplace. Details about the rewards program are to be confirmed (TBC).

Game Rewards

5% of the $WEST supply is reserved for earning events sponsored by WANT3D.

Yeehaw Rewards

Earn $WEST by engaging with YEEHAW! – create meme coins, launch new tokens, and earn passively while embracing the degen culture. Holding $WILD provides a boost to rewards!

Pioneer Launchpad

Pioneer, an initiative by POSSE, drives growth within the Soneium Ecosystem by serving as a launchpad for new projects. It facilitates capital raising and initial liquidity in a decentralized and interoperable way, enabling both POSSE and project communities to participate in carefully selected token offerings.

How to Participate: Pioneer launches use 'pools' where users can contribute $WEST tokens to receive an allocation of project tokens.

If you're interested in launching a project on Pioneer, please reach out, and we’ll get back to you if it’s a good fit!