Wirex Pay
  • 👋What is Wirex Pay?
  • Wirex Pay
    • Vision and Inspiration
      • On-chain trend
      • Vision of Wirex Pay
      • Inspiration Behind Wirex Pay
    • Evolution of Crypto Debit Cards
      • 1st Generation: Reloadable Prepaid Cards
      • 2nd Generation: Wallet-Linked Debit Cards
      • 3rd Generation: Non-Custodial Cards
      • Comparison of Crypto Card Generations
    • ⭐Wirex Pay Overview
      • Innovative Infrastructure
      • Value Propositions
      • How Wirex Pay Works
      • Incubated by Wirex
    • Wirex Pay ZK Infrastructure
      • ZK Rollups
      • ZK Validium
      • Validium vs. Rollup
      • Wirex Pay and AggLayer Integration
      • Wirex Pay ZK Tech Benefits
    • Target Audience and Use Cases
  • Tokenomics
    • DAO
    • 👉Tokenomics
    • 🕑Locked/Vested Wallets
    • Node Operator Rewards
    • Difference Between WXT and WPAY
    • Relationship Between Wirex and Wirex Pay
  • Restaking
    • What is Restaking?
    • 🔐Dual Staking: A New Era of Security
    • Actively Validated Services (AVS)
  • Tech
    • Wirex Pay Chain
  • Use Cases
    • Individual Users
    • Non-Custodial Wallets
    • Payroll and Expense Management
    • Communities
    • Web3 Builders
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  1. Tokenomics

DAO

Wirex Pay will be governed by a Decentralized Autonomous Organization (DAO) established after the Token Generation Event (TGE). A DAO is an entity structure where token holders participate in management and decision-making processes. Unlike traditional organizations, a DAO operates without a central authority. Instead, power is distributed among token holders who collectively cast votes.

All voting and activities conducted through the DAO are recorded on a blockchain, ensuring transparency and making all user actions publicly viewable. The Wirex Pay DAO empowers token holders to raise and vote on proposals. This democratic and decentralized approach ensures that the network remains community-controlled and evolves to benefit its users.

Token holders can stake their tokens to increase their rewards and voting power, both dependent on the staking duration. The community will also manage the treasury and handle various operational activities.

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Last updated 10 months ago