Websea Enhances Value Through Rarity, Announces Innovative Profit Strategy for the Community

So, what is Websea ? The platform is a Web 3.0 digital asset trading service aimed at younger users, offering diverse trading options including spot, futures, and margin trading. It allows users to fully engage with dynamic crypto opportunities. Additionally, it features smart copy trading, empowering users to replicate the transactions of top traders at the click of a button and potentially gain substantial returns.

Recently, the WBS tokens, which are essential for the platform's operations, experienced a price spike, reaching a notable high of $3.50 last week. As of this moment, the token is trading at $3.3578, reflecting an impressive increase of over 165% this month.

This remarkable rise in value for the WBS tokens comes in conjunction with the decision to reduce the supply of the native tokens in circulation. Earlier this month, discussions were held within the community regarding the approach to execute this reduction.

Subsequently, a voting process was initiated, comprising two phases: a vote count period followed by a community voting segment. Voting power was calculated based on average token holdings, with each 100 WBS granting one vote.

To foster community involvement and encourage a joint decision-making approach, the Websea team encouraged all members and holders of WBS to cast their votes to collectively influence the strategic direction of Websea and unite in the mission to build a more open and thriving Web3 landscape.

Rewarding the Community  

In addition to enhancing the value of its tokens, the initiative encourages cooperative development and sharing, rewarding participants for their involvement. Those who cast their votes will receive a proportion of $20,000 worth of WBS as compensation for their contribution to the future of the token.

Notably, the team recently revealed that they will implement the 'Websea Community WBS Holder Profit Upgrade Plan' following extensive discussions, proposals, and community voting.

This initiative consists of a thorough overhaul of WBS futures trading. To facilitate this transition, Websea plans to momentarily pause WBS deposits, withdrawals, and on-chain activities on March 18, while maintaining active spot trading.

From March 19 to March 27, the updates on futures will roll out, ensuring a 1:1 mapping and enhancement of on-chain WBS tokens. By March 28, the upgrade is expected to be finalized, and the regular WBS deposits and withdrawals will resume.

Successfully implementing these changes will see the total supply of WBS tokens shrink to 300 million, with existing tokenomics, distribution ratios, and lock-up protocols remaining unchanged. Furthermore, Websea will allocate 10% of its monthly net profits from transaction fees to repurchase and eliminate WBS tokens until the total supply reaches 100 million.

While these significant modifications are occurring, the Websea team is hard at work taking the initiative to a larger audience. In pursuit of this, they have been conducting global tours centered around Web3 to raise awareness and delve into the innovative possibilities offered by Web3, including GameFi and decentralized physical infrastructure networks (DePIN).

These events brought together industry leaders for insightful discussions on tokenomics frameworks, the essence of community governance, the prospective roles of DAOs, and balancing the interests of players, game developers, and ecosystem sustainability. They also examined the potential hurdles and avenues within the Web 3.0 future.

In addition to organizing events, the platform continuously lists new tokens to enhance user trading experiences. This expansion includes several BTC trading pairs, along with fresh listings like SLN, LENDS, JASMY, SUI, PIXEL, GPT, and others.

Beyond trading popular tokens, users within the Websea ecosystem can engage in a multitude of sectors such as NFTs, SocialFi, GameFi, and more. Users holding WBS tokens can also gain rewards simply by participating in the ecosystem's growth.