According to WIP-12, the Wing team has allocated 35K of the WING tokens from the change in distribution rate to be used for marketing initiatives. With the 35k WING, Wing team organized a variety of marketing initiatives and campaigns, such as media exposure, influencers engagement, YouTubers, community campaigns and pWING liquidity mining campaign and etc., which enriched Wing’s ecology. Through these marketing initiatives and campaigns, Wing’s TVL has grown from $68 million to the current $213 million, which has more than tripled since WIP-12 passed. WING’s market cap has reached $101 million. Well-known KOLs such as DataDash, Lark Davis, Boxmining, Ivan on Tech, Crypto Love, Chico Crypto, Altcoin Buzz, Crypto Rand and etc. promoted Wing and expanded Wing’s influence. Wing is one of the first selected projects on OKExChain mainnet.
By the end of May, a total of 22,970.28 WING tokens were spent. We have listed out how and where these WING tokens are allocated on a monthly basis (check here)
Furthermore, 10,000 WING tokens would be used as incentives for pWING liquidity mining from June to August (check here), so there are only about 2,000 WING tokens left for other marketing initiatives and campaigns. According to the usage in the previous few months, it is not enough to support the market cost of one month. so I propose to unlock another 50k Wing from the Unlocked Community Fund for the team to use for marketing.
By unlocking a bulk at once for marketing, we won’t be slowed down by having to vote for each particular initiative or campaign. We will continue to use these WING tokens on the marketing initiatives and campaigns to make Wing grow bigger, make it be a valuable addition to the DeFi space!
Feel free to have your say here.