dogwifhat sol (WIF) Tokenomics

The token economics of dogwifhat (WIF), a meme token operating on the Solana blockchain, are characterized by a fixed supply and a primary function centered on speculative trading, typical of meme assets.

Issuance Mechanism and Supply

The WIF token operates with a fixed supply, meaning there is no mechanism for continuous issuance or inflation.

• Total Supply: The total supply of WIF is fixed at 1,000,000,000 tokens.
• Current Supply: The maximum token supply is approximately 998.91 million WIF.
• Token Type: WIF is an SPL token, the standard token framework on the Solana blockchain.

The entire WIF token supply was minted by a single wallet address before being transferred out to various other addresses. The token program on Solana does not feature "Mint_Authority" or "Freeze_Authority" capabilities, reinforcing the fixed supply nature of the asset.

Allocation Mechanism

Detailed information regarding the initial allocation breakdown of the WIF token supply is not publicly available.

• Distribution Transparency: It is unclear how the tokens were intended to be distributed, and whether the anonymous project team allocated a share of the supply to themselves.
• Sales: The WIF token has not been sold in any public or private sales, nor was it used to raise funds for the project. None of the token supply was allocated for public or private sales.

Usage and Incentive Mechanism

As a meme token, WIF currently has no featured or planned functionality beyond being held for speculative purposes or exchanged on centralized and decentralized platforms.

• Primary Use: The main use of WIF is for trading and holding on exchanges such as Huobi Global, Gate.io, LBank, MEXC Global, Raydium, and Orca.
• Incentives: There are no known methods for users or tokenholders to earn fees, additional tokens, or any form of compensation (such as dividends, interest, or liquidity rewards) by interacting with the network or holding the token.
• Staking/Liquidity: As of January 26, 2024, dogwifcoin does not have any staking or liquidity provisioning mechanisms.
• Burning/Buyback: There are no token burn or buyback mechanisms currently featured or planned for the WIF token.

Locking Mechanism and Unlocking Time

Information regarding a specific token locking mechanism or a vesting schedule for WIF tokens is not available.

• Locking: The project does not feature a locking mechanism for tokenholders, such as those used in staking or governance models.
• Governance: Dogwifcoin has no active governance process. Community members and tokenholders cannot submit governance proposals. The anonymous project team retains the sole privilege of influencing project and asset development, and there are no publicly announced plans to further decentralize the project.