Web3Shot Is Accelerating Its Decentralization With Coming $W3S Public Launch

According to the official news of Web3Shot, the public token launch of Web3Shot Governance Token ($W3S) will take place on April 12. Beginning on Wednesday April 12, 2023, at 2:00AM UTC and ending on Friday April 14 2023 at 2:00AM UTC. The launch will be hosted via DiamondLaunch on BNB Chain.

The $W3S Public Launch is a follow-up of the airdrop activity on April 4. On that day, Web3Shot distributed 1% of $W3S tokens to the community to gradually transfer control to the community. Later from April 6 to 8, Web3Shot also gave away 500 $W3S to 50 lucky winners to celebrate surpassing 50,000 followers. In the coming public launch, Web3Shot adapted the launch model of fair launch price discovery model, with 300K $USDT softcap and 450K $USDT hardcap. The minimum amount per address will be 100 $USDT, while the maximum amount per address is 300 $USDT. The whole plan and procedure can undoubtfully contribute to a community-owned DAO governance that ensures a fair and equitable decision-making process that benefits all stakeholders.

With the easy-to-use Learn-to-Earn product and other gamified learning experiences, Web3Shot wishes to onboard billions of users to web3 world. It’s open to all, because in building a new iteration of the Web, we bring together the best projects in the space to create quizzes. At the same time, Web3Shot is building a powerful community, with members at the center, for collective learning. Across the Web3Shot platform, $W3S is the only governance token that is designed to reflect the flow of value. The long-term value of Web3Shot is tied to the confidence people hold in the project, and the total supply of W3S is 100,000,000.

For the coming public launch, 1.5% of the total $W3S supply, to be more specific, 1,500,000 $W3S, will be made available, and will be distributed to all participants at the fair launch value (“FLV”) set at the end of the launch period. FLV is based on the amount raised during the round divided by 1.5M $W3S. All participants receive the same final price. If the total committed $USDT is less than 300K, deposited funds will be returned to all participants and Web3Shot retains the tokens allocated for the DiamondLaunch.

This public launch is a key step to achieving community-owned DAO governance and the decentralization of Web3Shot. With this community-owned DAO governance, Web3Shot community members can continuously learn and participate in Web3Shot, build partnerships, and create a bigger Web3Shot ecosystem together.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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