CRYPTO GLOSSARY
CRYPTO GLOSSARY
Nov 6,2024

AMA with Sasha 1/11/24

Another week, another AMA session with the Waves’ founder Sasha Ivanov. This week, Sasha has prepared some updates on the ecosystem progress, answered lots of questions and had a live dialogue with the community members.

//Recap Start//

Key Points:

  • First of all, we would like to point out that this week our Telegram app, Units Wallet, has reached 1,000,000 users. So take the time to give it a try if you haven't had that opportunity yet.
  • We also completed our first IDO. Even though the total sum was fairly small, we see a solid demand for UNIT0.
  • On November 5th we will launch the first MainNet of Units Network, right after which there will be listings on a number of centralized exchanges. Also on this day you will be able to get your reward if you participated in our marketing campaigns. However, the exact numbers of this distribution will be announced soon, so stay tuned!
  • Also after November 5th we will have a number of launches, which will be announced soon. So our campaign participants and UNIT0 holders in particular will have a lot to do, especially with the launch of Units DAO, where UNIT0 stakers will be making all decisions on the promotion and development of Units Network, as well as launching new EVM networks, with their tokens as revenue.
  • You will be able to trade in Units Network chains as soon as the trading platforms with this functionality are launched in the native network of UNIT0 token.

 

Q & A

Q: I was able to participate in today's IDO and to purchase a small amount of UNIT0, however I would like to learn more about the token distribution and tokenomics in general.

Sasha: I will outline the general approach to tokenomics. We are not planning to do a lot of TGE unlocks, which ensures a fairly low supply and token circulation volume at the start of Units Network. Most of the supply will be in vesting for a long time, and the volume of tokens in circulation will be quite low on TGE. We also don't have a lot of VCs, who are essentially the first sellers. 
Q: What about further IDO-style sales? Will there be any more events like this?

Sasha: Of course! After the launch of Units Network we will be having lots of events like this. I think you can expect them in the next few months.
Q: Are you open to working with KOL managers? 
Sasha: Sure! We already have a lot of KOLs who we work with through our program at Ambasador DAO. You can also contact me directly either on X or Telegram.

//Recap End//

 

Tune in every Friday, 10:00 a.m. EST to learn the latest news and updates on the Waves ecosystem first-hand, directly from the Waves mastermind, Sasha!