My name is Cactanaut founder of The Working Dead. We launched on the Cardano blockchain on 4th January and have been working towards our goals of creating a truly unique and exciting learning platform built upon the Cardano network.
After completing a number of project deliverables, including our token release and staking we now are currently working on the initial design phase of our Worked platform.
We are requesting the addition of $WORK Yield Farming reward for the ADA/WORK pool on Minswap.
Please describe your project. What is it doing to improve Cardano?
The Working Dead is an innovative and ambitious project that utilizes the strengths of both NFTs and blockchain technology to create a truly unique and exciting learning platform. Our mission is to combine stunning art and a distinct style with a commitment to creating a quality platform and user experience.
At the core of our project is the use of our NFTs as a way to stake and earn our proprietary token, $WORK. These tokens will fuel the upcoming features of our platform and the growth of our learning ecosystem.
We are building something special: a long-lasting platform that empowers individuals and communities to learn new skills, share their knowledge within our community, and at the same time provide a unique monetisation model for content creators.
For more detailed information please read the corresponding section in our Livepaper: https://workingdead.gitbook.io/working-dead-livepaper-v1/worked.-platform/learning-ecosystem
What does the Token do?
The $WORK token is the backbone behind the whole Working Dead ecosystem. It will be heavily integrated into the Worked. platform and all future plans we have in the pipeline.
The Worked. platform, where content creators both can provide and monetize their own content, offering it to content consumers (learners) with the $WORK token. But also trough various NFT sales handled exclusively in our proprietary token, first of which will be our Working Dead Badges.
How many holders does it currently have?
At the time of this post, 532 addresses are holding $WORK and over 3700 transactions have been made since we launched our staking platform on the 24th of January. We currently have over 60% of the overall NFT supply staked and an airdrop to holders coming in the next few weeks as part of our airdrop contract event.
Why do you want a MIN Farm? How does the MinSwap community benefit from offering a MIN Farm for your Token?
At the time of writing the ADA/WORK pool has a TVL of around 50k $ADA, making us not yet eligible for $MIN rewards. But we fully intend to do another proposal once the pool TVL has reached 100k.
Many of our community members are also part of the Minswap community so creating a MIN Farm would further incentivise both parties to benefit by earning rewards in WORK, MIN & ADA.
Apart from the MIN Farm, will you add your own Token as incentives as well If yes, how much?
We want to start out with 1,000,000 $WORK (0.33% of total supply) over a period of 5 months for this event, ensuring stronger liquidity while also contributing to decentralising the $WORK holder base. Our goal being to create stronger liquidity to allow the thriving of our ecosystem, hopefully adding $WORK yield farming will allow the project to grow at an even quicker pace and attract more people.
How much circulating supply is there of your token? Please inform us briefly on your tokenomics, including the distribution and vesting schedule of the token (investors, team, yield farming, etc.)
The maximum supply of $WORK is set to 300,000,000 with the following distribution :
Worked. Platform (45%) Staking (26%) Team (12%) TWD Treasury (8%) Partnership (5%) Liquidity Bootstrapping (2%) Airdrops (2%)
For more detailed information please read the corresponding section in our Livepaper: https://workingdead.gitbook.io/working-dead-livepaper-v1/usdwork-token/tokenomics
Is your Project audited? By whom?
We have not received any audits.
Should WORK have Yield Farming?
- Yes in favor
- No, do not add this Farm