According to WIP-39, the Wing team has allocated 50K of the WING tokens from the Unlocked Community Fund to be used for marketing initiatives. With the 50k WING, Wing team organized a variety of marketing initiatives and campaigns, such as media exposure, community, translations, MKT Materials Production, community campaigns and liquidity mining campaign etc., which enriched Wing’s ecology.
Here is the summary:
Liquidity Mining Campaign: 28,020 WING
Campaign: 8,337.90 WING
Media: 4,839.75 WING
Translations: 1,800.00 WING
MKT Materials Production: 1,800.00 WING
Community: 1,643.39 WING
Total: 46,441.03 WING
Current remaining amount of market funds: 5,337.45 WING
We have listed out how and where these WING tokens are allocated on a monthly basis (check here)
pWING Liquidity Mining Campaign provides pWING-ETH with $637,243 liquidity on Ethereum chain, and provides pWING-pONT with $1,030,673 liquidity, which is convenient for users to exchange. At the same time, it expands the ecology of Wing on Ethereum. It is very important for Wing users on Ethereum.
Through the liquidity mining campaigns with ApeSwap and BabySwap, Wing has accumulated $346,546 WING-BNB liquidity and $868,771 WING-USDT liquidity on BSC, which promoted Wing and expanded Wing’s influence in BSC.
Wing has launched the BSC version of Flash Pool and we held the Wing Flash Pool (BSC) Launch Party to attract new users to participate in the BSC version of Wing, the TVL once reached $14.48 Million.
Furthermore, 2,300 WING tokens would be used for listing WING on AAX Exchange and trading campaigns (check here). So there are only about 3,000 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 80k Wing from the Unlocked Community Fund for the team to use for marketing, of which 40k is used for the incentives of liquidity mining, and the other 40k is used for marketing initiatives. These two will use different addresses according to the community’s suggestions.
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 liquidity mining campaigns, events, community managements, media exposure and so on, to make Wing grow bigger, making it be a valuable addition to the DeFi space!
Feel free to have your say here.