WBS Smart Contract Upgrade Completion Announcement

Dear Users:

Websea has successfully completed the smart contract upgrade, WBS deposits and withdrawals are now open.

The total supply of upgraded WBS is 300 million, with the distribution ratio and lock-up rules remaining unchanged according to tokenomics planning.

Details are as follows:

Community: 60%

Platform Airdrop Activities: 5%

Registration Incentives: 30%

Trading Incentives: 25%

Ecosystem Development: 10%

Locked for the first year

Starting releasing 1.25% every 180 days from the second year

Foundation: 12%

Locked for the first year

Starting releasing 1% every 180 days from the second year

Team: 10%

Releasing 1.25% every 180 days

Strategic Investments: 6%

Releasing 1.5% every 180 days

Liquidity Management: 2%

Dex Liquidity Management

Smart Contract Address after Upgrade:

https://polygonscan.com/address/0xee5bb31fdf28b5d64f5a5605085cc4e3649aa624

Additionally, Websea will allocate 10% of every month's platform fee revenue to repurchase and burn WBS tokens until the total supply is reduced to 100 million WBS (including circulating supply).

Before the upgrade, a total of 25,448,495.57 WBS were burned. After the upgrade, the burning has been synchronously mapped.

Burn Address:

https://polygonscan.com/tx/0x7da54386c585f21cba453c28c02bd97cd41e771e2efd5c53b3ac4d6f77da8828

Websea Team

2024.03.28