Tokenomics
The WiHi Point (WiPo) is a test token for the WiHi platform and organization to try out different functionalities and features.
The WiHi Point (WiPo) is a fungible, transferable, uncapped and pre-mined test token that has no Source of value (see this for definitions). Sources of value might be added over time. The sole purpose of the token is to test out functionalities and features of WiHis platform and organization.
In its first iteration, the WiPo will be used to test WiHi's community fund mechanism illustrated in WHIP-0003. In particular, it will be controlled by Michael, Uros and Mark with a 3-2-multisig wallet, is filled with 2000000 (2 million, replaces the previous number of 250k) units and will be used to reward ambassadors, experts, builders and other emerging supporter roles (see WHIP-0002). Hence, WiPos first usage is as a unit of account to keep track of the contributions of early supporters to WiHi.
WiPo was already mentioned in WHIP-0003. The need for a specification arose in internal discussions on discord and hence is made in this document. In particular, WiHi is a community-driven decentralized autonomous organization. In order to be able to scale the addition of new supporters to our DAO and track their contributions, we think the most efficient way to do this is with the help of an on-chain token.
The token is uncapped in order to account for the potentially uncapped amount of contributions supporters will provide to the WiHi platform.