The Water Token
A constant flow of value
Last updated
A constant flow of value
Last updated
Water is a supply-capped utility token. Irrigation is designed to generate rewards that will be partially distributed among users, with the water token serving as the basis.
The max supply of 100 million Water will be minted on launch day.
Water will be available via The Sprinkler upon launch.
Unsold Water from launch will primarily be made available via The Sprinkler and to whitelisted asset holders through the Leaky Faucet (coming soon).
Unsold Water may also be used by Irrigation Protocol for protocol-building purposes: creating partnerships and rewarding token holders with periodic buybacks.
Users may Store Water in the Water Tower to receive a proportionate share of protocol fees, distributed as monthly rewards.
*Only Water stored in the Water Tower is eligible for monthly rewards.
In addition to determining reward eligibility, the quantity of Water stored in the Water Tower decreases a user's fees. The concept is that consistently storing Water and using the Irrigate function each month will not only increase a user's stored Water, making them eligible for more rewards the following month but will also, over time, decrease their fees by advancing their membership fee tier.
| Tier | # Stored Water | Listing Fee (%) | Success Fee (%) |
|---|---|---|---|
0 | 0-32 | 2.5 | 5 |
1 | 32-320 | 1 | 1.5 |
2 | 320-3200 | 0.66 | 1 |
3 | 3200-32000 | 0.33 | .75 |
4 | 32000-320000 | 0.2 | 0.5 |
5 | 320000-> | 0 | 0.5 |
Water may also be bought or sold via the Auction Market.
By storing 32 Water in the Water Tower, users unlock gated utility such as the Farmer's Market.
