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  • 1. WICRYPT WHITEPAPER
  • 2. INTRODUCTION TO WICRYPT
    • 2.1 Issues with Current ISPs
    • 2.2 Sketch of Current ISPs Issues
    • 2.3 Wicrypt Mission
    • 2.4 Long-Term Mission
    • 2.5 Product Summary
    • 2.6 Organizational Model
  • 3. PRODUCT TECH STACK
    • 3.1 Hardware (Hotspot Hub)
    • 3.2 Outliers (NFT Hotspot Hub)
    • 3.3 Firmware (Operating System)
    • 3.4 Mobile App
    • 3.5 Cloud Servers (Distributed Network)
    • 3.6 Wicrypt Explorer
    • 3.7 Wicrypt Quality Assurance
  • 4. TOKENOMICS
    • 4.1 Wicrypt Network Token ($WNT)
    • 4.2 Proof-of-Stake (PoS)
    • 4.3 Governance
    • 4.4 Payments
    • 4.5 Incentivisation Layer & Stake-to Model
  • 5. TOKEN ECONOMY
    • 5.1 Token Circulation & Value Accrual Model
    • 5.2 Stake-to Model & Staking Score
      • 5.2.1 Weighted Rewards Distribution
      • 5.2.2 Staking Rewards vs Volume Rewards
      • 5.2.3 User Cashback & Volume-Rewards Limiters
      • 5.2.4 WNT Lockups
    • 5.3 Incentivisation
      • 5.3.1 Infinite Rewards Distribution
      • 5.3.2 Distribution Streams
    • 5.4 Host Revenues and Rewards
      • 5.4.1 Host Rewards - Rewards Formula
      • 5.4.2 Penalisation of Hosts
      • 5.4.3 Location Based Bonus
      • 5.4.4 Reinvestment Bonus
      • 5.4.5 Tradability of Digital NFT Hubs
    • 5.5 Wicrypt Revenue Streams & Value Accrual
    • 5.6 Referral Provision Bonus
  • 6. FUTURE ROADMAP
    • 6.1 Stimulus Loans
    • 6.2 Decentralized Storage Cloud
    • 6.3 NFT-Based Router Recovery
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  1. 5. TOKEN ECONOMY
  2. 5.2 Stake-to Model & Staking Score

5.2.4 WNT Lockups

Locking tokens instead of staking it is a way for a token holder to express additional loyalty and confidence in Wicrypt network development, locking a token away has a positive impact on $WNT economy, and as such is classified as extra-incentivised behavior.

Locking the token means that the user can’t initiate the unstake procedure until the lockup period is over. The only option to release locked funds is co-called ‘emergency unlock’ at the cost of 30% of the principal amount, gradually reduced, proportionally to the amount of lockup days left.

Wicrypt will introduce 4 possible lockups:

  • 3 months

  • 6 months

  • 9 months

  • 12 months

Locking the $WNT tokens instantly boosts the staking score to the level that would have been achieved if these tokens had been staked for a locked amount of time.

Example: John has been staking 1000 tokens for the last 12 months, his staking score is now equal to 1000. Alex is not as patient as John. He wanted to achieve the same staking score right now, so he decided to lock his 1000 $WNT tokens on a 12 month lockup. He immediately earns a 1000 staking score, very much the same as John.

Same as with unstaking, there is no possibility to perform ‘partial unlock’, but anyone can freely: Extend the current lockup to the higher level (e.g. from 3 months to 6 months, or from 6 months to 12 months) Increase the size of lockup Convert current staked amount into lockup.

Extending or increasing the lockup means the total time of the lockup is subjected to reset (i.e. it starts again as if it was just created).

Example: John has locked 1000 $WNT tokens for 3 months. After 2 months, he decided to add $1000 WNT to that lockup. He now has one new 3-month lokcup for $2000 WNT.

Previous5.2.3 User Cashback & Volume-Rewards LimitersNext5.3 Incentivisation

Last updated 2 years ago

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