Weave6 is an omnichain asset trading infrastructure that incorporates an indexer, marketplace, and launchpad to form a one-stop access for dApps and users to launch, mint, and trade omnichain assets (NFT & Inscription).

By leveraging the cross-chain and omnichain standard infrastructure provided by ZetaChain, users on Weave6 can manage their multi-chain assets with a chain-agnostic, seamless experience. dApps on Weave6 can launch their omnichain NFT and inscription assets with cross-chain interoperability. Currently, Weave6 supports different chains such as ZETA, BTC, ETH and BNB chain.

$WX Tokens: Weave6 Governance Token

$WX tokens stand as the driving force, powering the dynamic operations of the Weave6 ecosystem. Beyond their role as tradable assets, these tokens play a multifaceted role in governing the platform and facilitating a spectrum of transactions. These are the functions of $WX token:

1. Inscription Transaction Fees

   Users can utilize $WX tokens to deduct inscription transaction fees on the Weave6 platform, making transactions more cost-effective and efficient.

2. Cross-Chain Bridge

   For those traversing the Weave6 cross-chain bridge, $WX tokens can be spent to cover associated transaction fees, ensuring a seamless cross-chain experience.

3. Omnichain NFT / Inscriptions Transaction Fees

   Across the omnichain NFT and inscriptions transactions, users can employ $WX tokens to cover transaction fees, simplifying and streamlining these processes.

4. Decentralized Indexing Service

   $WX tokens are instrumental in accessing decentralized indexing services, allowing users to organize and optimize their assets with the associated fee being covered by the tokens.

The current estimated valuation of $WX token is 15 million, and the allocation is as follows:

W6 Points: Weave6 Earning Credits

W6 points function as a credit system, designed to incentivize and reward user engagement across the Weave6 platform.

Users can accumulate W6 points by completing various tasks and features, including both project-specific tasks and platform-wide activities. Project-specific tasks may vary based on project requirements, while platform tasks encompass activities such as participating in NFT/inscription trades, inscription casting, engaging in the Launchpad, utilizing the cross-chain bridge, and leveraging indexing tools.

By effectively rewarding users with credit points, Weave6 stimulates project participation and platform activity while ensuring users are duly recognized for their contributions, ultimately enhancing the overall ecosystem's vitality.

Weave6 Token Flywheel

Weave6 platform operates on a combined POS+POW economic model, utilizing a dual credit system with W6 points and WX tokens. Users earn W6 points by completing tasks set by projects or the Weave6 platform, representing their active participation and contributing to the ecosystem's vitality. Additionally, users stake WX tokens to demonstrate their financial commitment. By burning W6 points and staking WX, users secure their allocation in the final launchpad.

As for WX tokens, they serve as a means of offsetting costs when utilizing platform features, resulting in a deflationary mechanism. However, the use of these features also generates W6 points, providing incentives to users. Burning W6 points and staking WX are necessary steps to obtain launchpad allocations, further depleting W6 points. This dynamic establishes a balance between the scarcity of WX tokens and the fluidity of W6, creating the Weave6 Token Flywheel effect.

By completing Weave6 platform’s tasks, users can earn W6 points. The burning of W6 points represents an alternative mechanism for users to participate in the Launchpad. By burning accumulated points, users gain access to early Launchpad quotas, providing an additional layer of flexibility.

Users will be required to consume $WX tokens to utilize Weave6 platform’s features. The role of $WX tokens expands to the Weave6 Launchpad as well, where users can stake them to secure early participation, ultimately earning rewards through their active engagement.

In summary, W6 points and $WX tokens form the backbone of the Weave6 platform, intertwining in a symbiotic relationship. This interplay ensures a seamless user experience, encouraging engagement, facilitating transactions, and providing governance within the dynamic landscape of Omnichain asset trading. As Weave6 continues to evolve within the ZetaChain ecosystem, the significance and utility of W6 points and $WX tokens will undoubtedly grow, presenting users with a rewarding and immersive journey in decentralized finance.