Wanaka Farm's WAIRERE Token, symbolized as $WAI, is the lifeblood of the innovative blockchain-based NFT game, Wanaka Farm. The name "Wairere," translating to "Waterfall" in Maori, encapsulates the essence of creation and flow, much like water in real life. $WAI serves as the in-game currency, facilitating key transactions such as breeding, production, land upgrades, and participation in lotto games. Being an earnable asset through quests, staking $WANA, and DAO voting, it replaces traditional experience points, ensuring a dynamic and engaging gameplay experience. With its supply regulated through an intricate burning mechanism, $WAI ensures a balanced in-game economy, urging players to dive deeper into the ecosystem.

What is Wairere ($WAI) Token?

Wairere, meaning "Waterfall" in Maori, symbolizes the source of all creation, much like water in real life. The $WAI token is the native currency within the Wanaka Farm ecosystem, serving as a secondary token for specific in-game purposes. Unlike traditional experience points, $WAI tokens are earned by playing the Wanaka Farm game, making the gameplay more engaging and rewarding.

Tokenomics and Supply Regulation

The total max supply of $WAI is uncapped, but its supply is meticulously regulated by a burning mechanism. This means that $WAI can inflate or deflate within a specific time window depending on gaming activities. $WAI is earned (minted) through quest completion and spent (burned) through various in-game activities, ensuring a balanced and dynamic economy.

Earning $WAI

Players can earn $WAI tokens through several activities: 1. Completing In-Game Quests: Engage in various quests within the game to earn $WAI. 2. Staking $WANA: Stake the primary token $WANA to earn $WAI. 3. Participating in DAO Voting: Engage in the decentralized autonomous organization (DAO) voting process to earn $WAI.

Spending $WAI

$WAI tokens can be spent on multiple in-game activities, including: 1. Breeding Fees: Pay fees for breeding in the breeding house. 2. Production Fees: Cover costs for production in the production house. 3. Land Upgrades: Upgrade lands to enhance gameplay. 4. Lotto Games: Participate in lotto games to gain back energy and acquire NFT items.

$WAI is now available on Pancakeswap DEX, making it accessible for trading and use within the Wanaka Farm ecosystem.

Market Data and Performance

Coin Statistics

• Current Price: $0.0001
• Market Cap: $0.00
• 24h Price Change: 0.15%
• 7d Price Change: 0.62%
• 30d Price Change: -0.86%
• 24h High: $0.0001
• 24h Low: $0.0001
• All-Time High: $0.1877 (2021-10-29)
• All-Time Low: $0.0001 (2024-03-04)
• Circulating Supply: 0.00
• Total Supply: 0.00

Purpose and Utility of $WAI

The Wanaka Farm WAIRERE Token ($WAI) is designed to provide a seamless in-game transaction experience, regulate the game economy, and encourage player engagement. It serves as the native currency within the Wanaka Farm ecosystem, facilitating various in-game transactions and activities.

Unique Features and Benefits

$WAI tokens have a unique burning mechanism that regulates their supply based on gaming activities. This mechanism ensures that the token can inflate or deflate depending on the completion of quests and spending on breeding fees, producing fees, land upgrades, and lotto games. This feature sets $WAI apart from other tokens, as it encourages active participation and engagement in the game while maintaining a balanced token supply.

Tokenomics and Distribution Model

Total Token Supply

The total token supply of $WAI is uncapped, meaning there is no fixed limit to the number of tokens that can be created. However, the supply is regulated by a burning mechanism that ensures a balanced economy within the game.

Circulating Supply

As per the CoinMarketCap data, the circulating supply of $WAI is currently 0, indicating that no tokens are available for trading in the market.

Token Distribution

$WAI tokens are earned by playing the Wanaka Farm game and can be spent on various gaming activities. The token distribution model involves earning tokens through quest completion, staking $WANA, and participating in DAO voting. Tokens are then spent on breeding fees, producing fees, land upgrades, and lotto games.

Burning Mechanism

The supply of $WAI is regulated by a burning mechanism that ensures the token can inflate or deflate depending on gaming activities. This mechanism helps control inflation and maintain a balanced economy within the Wanaka Farm ecosystem.

The Team Behind Wanaka Farm WAIRERE Token

The Wanaka Farm WAIRERE Token is backed by a team with diverse backgrounds and expertise in blockchain, cryptocurrency, full-stack development, AI research, game development, and art design. Here are the core team members:

1. Truong Tran (Co-Founder & CEO): An early investor in Bitcoin and involved in the development of over 20 blockchain projects. He is also the CTO at Deahan JSC and a researcher in AI at VTC Academy.
2. Thuan Nguyen (Co-Founder & CTO): An experienced full-stack developer and blockchain enthusiast who has worked on various blockchain projects, including Kyber Network.
3. Duc Hoang (Co-Founder & Head of Development): The CEO at Mirabo JSC with expertise in system analytics, design, and MR/VR/AR technologies. He is also a Unity Game developer.
4. Sang Nguyen (Co-Founder & CPO): A PM/BRSE at Mirabo JSC with experience in MR/VR/AR development, game design, and full-stack development.
5. Tung Le (Game Developer): A UI and 3D modeling specialist with experience in multiplayer game development.
6. Cong Nguyen (Unity3D Developer): A Unity3D developer who has contributed to developing a game with over 5 million downloads.
7. Lam Nghiem (MR/VR/AR Developer & Unity Game Developer): An MR/VR/AR developer and Unity Game developer.

Conclusion

Wanaka Farm's WAIRERE Token ($WAI) is more than just an in-game currency; it is the lifeblood of a thriving blockchain ecosystem. With its unique burning mechanism, dynamic earning and spending opportunities, and a dedicated team of experts, $WAI ensures a balanced and engaging gameplay experience. As the token continues to evolve and integrate deeper into the Wanaka Farm ecosystem, it promises to offer even more value and utility to its users.

By leveraging the power of blockchain technology and the