Another sword of Damocles hangs over the crypto world.

A BTC wallet transfers 9,757 Bitcoins worth $1.1 billion after being dormant for 3 years!

And the assets in this wallet are the 127,271 BTC stolen from LuBian (worth over 15.5 billion dollars)!

This transfer coincided with the U.S. government's recent message seeking to confiscate these stolen BTC.

Will hackers crash the market? After all, it's a potential selling pressure of over $15.5 billion. With poor market conditions, various negative news starts to emerge.

I can't care about the sword of Damocles anymore, participating in Monad has made me a clown, just looking at @wardenprotocol.

Today I saw that Warden's partner messari released an investment research report on Warden.

The article mentions the token economics of $WARD , and I will share the key points with everyone.

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1⃣ Token Distribution and Incentives
The total issuance of $WARD is 1 billion coins, and the token distribution structure looks reasonable:

Liquidity: 5% (50 million coins): Used for liquidity deployment during TGE.

Validators and operators: 10% (100 million coins) reserved for validators and operators to ensure network security.
Note: This portion of the tokens is permanently locked.

Public goods: 10% (100 million WARD) for testnet incentives, genesis airdrop, and public goods projects.
Note: 19.4 million WARD will be unlocked at TGE, the remaining part will be released to 64 million within the first six months, and will be fully unlocked to 100 million within 30 months.

Ecosystem and Community Incentives: 12% (120 million coins) allocated to community and ecosystem projects to support the ongoing engagement of developers and users.
Note: 20 million coins will be unlocked at TGE and then distributed linearly over 30 months.

Incentives for agents and developers: 19% (190 million WARD) is allocated for incentives for agents, developers, and builders.
Note: 20 million coins will be unlocked at TGE, followed by linear distribution over the next 12 months.

Core Contributors: 20% (200 million WARD) reserved for the core development team, advisors, and early contributors.
Note: TGE will not be released, lock-up for 6 months, then a linear release over two years.

Finance and R&D: 24% (240 million coins) is allocated for long-term funding support and technological research and development, ensuring the continuous innovation and optimization of the protocol.
Note: 120 million coins will be unlocked at TGE, then they will vest linearly over 12 months.

I calculated that the initial circulation should be 179.4 million, which accounts for nearly 18% based on the total supply of Warden tokens.

Kaito Yap's part should belong to the community section.

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Warden token empowerment design:
※ Online payment: WARD will be used to pay for the fees of Warden Chain and Warden, execution and verification costs, as well as settlement gas.

※Agency fee: The fee for high-quality agents is settled in WARD.

※Application Subscription: Unlock the premium version of Warden by staking WARD or by subscribing to WARD on a monthly basis.

※ Release Agent: Developers pay a fixed WARD fee to release agents and use WARD to update agents and AVR packages.

※Verification: All model verification services are paid for with WARD.

※ Validator Qualifications: To operate as a validator, the operator needs to hold an undisclosed amount of WARD.

※ Incentive measures: The plan is to use a portion of WARD to contribute to the ecosystem and community projects of the Warden Protocol.

※Governance: The WARD plan is used for community governance initiatives.

It is evident that the Warden team has carefully designed the WARD token, which is not only a "payment tool" in the Warden protocol but also the core of the AI verification economy.

The Warden TGE is just one step away, the third season could end at any time, let's keep interacting and hope for a good result.
#KaitoYap @KaitoAI @wardenprotocol #Yap $WARD