Frequently Asked Questions
What is WLTH?
WLTH is a community-owned and operated investment platform and protocol.
Who is behind WLTH?
The founding team and advisors are a diverse group of like-minded individuals with deep backgrounds in technology, video games, venture capital, startups, merger and acquisitions, social media, and blockchain to name a few.
Our Council will be composed of some of the biggest names in Web3
You, the WLTH community, are investors and members - ranging from OGs all the way to those new to blockchain and investing.
Together, we are the core of what we hope will become a community dedicated to onboarding the next billion users to a bankless future where everyone has financial superpowers and the infrastructure to support it, where everyone can participate in decentralised investment and venture building.
Who owns / runs WLTH?
As a community-focused investment protocol, WLTH is by you and for you - the community, our investors and all active WLTH token holders. Read the White Paper for more information on this revolutionary model and token economy.
What can I do with WLTH?
WLTH is aimed at two types of investor:
The more casual investor - those new to blockchain and/or investment who may not want to invest as much time into portfolio management, analysis, participating in voting, etc. and who may prefer to invest small amounts via credit or debit cards.
The more experienced investor - who is more likely to invest in USDC or other cryptocurrencies, wish to stake WLTH for reduced fees, want to deep-dive into every fund and project and do their own research, earn rewards for participation and performance in community and want to have their say in the platform’s direction.
Invest. Reduce fees. Earn rewards. Have your say.
What kind of funds and projects can I invest in?
WLTH will offer a diverse selection of funds dedicated to particular investment strategies or verticals, such as Metaverse or infrastructure, for example. Each fund will contain a mix of innovative projects from across the spectrum of blockchain technology that have successfully been voted on for investment by the investors.
Is my money safe on WLTH?
Safe as houses. WLTH is non-custodial - all investments and funds are locked in and deployed from smart contracts. At no point do we hold any ofare your funds held by any offchain centralised entity. We are committed to radical transparency and at all times the treasury and all transaction activity are available - in addition, all of our source code will be available via Github as well as our independent smart contract security audits & penetration tests.
What is the utility of WLTH?
The WLTH token powers the WLTH platform. There are 2 powerful concepts that give character to the WLTH token:
Strong network effect: WLTH creates a win-win situation for investors and projects. Investors gain early access, while projects benefit from a built-in community and marketing boost. This attracts more of both, which will increase the platform's utility and appeal for mass adoption.
Circular tokenomics: The system is designed to be self-feeding and self-sustaining. No value leaves the system. Fees and profits are partially used to buy back and burn tokens (reducing available supply) and reward platform users (increasing demand). This closed-loop system is designed to create and sustain a thriving ecosystem, which is owned by the WLTH token holder community.
What are Slices and how do they work?
Upon investing into a WLTH fund, you will receive a Slice representing your ownership of the fund (yes, it’s an NFT!). It can be sold in whole, or in part, at any time on WLTH and on secondary marketplaces, ensuring liquidity at all times.
If you transfer digital ownership of your Slice, you are no longer a participant in the Fund. The wallet that takes ownership of the Slice is now the immutable owner of that part of the Fund.
The wallets that own the Slices will receive the passive payouts to their wallets that are generated by the protocol for that Fund. So this is a summary of the technical on-chain process: A project in the fund will vest (send) their tokens to the protocol over a vesting period until all tokens have been sent.
This happens until all projects in the Fund have fully vested all of their tokens to WLTH. Read the White Paper for more information on this revolutionary model and token economy.
Do I need a Genesis NFT to use the platform?
No! WLTH is for everyone. The Genesis NFTs were a fundraising vehicle for All Street to back WLTH from day 1. While Genesis NFTs are not needed, they do provide the holders some perks! Are there limits for investing into a Fund?
The goal as always is early stage access for all. However, in the near-term the WLTH also needs funds that raise fast and provide early stage wins for the protocol.
At the outset, Genesis NFT holders will have exclusive access to the Alpha Fund for a 24-hour period. During this time, each investor is limited to contributing a maximum of 2% of the total fund capacity. Users can invest with credit/debit or crypto from as little as $20. This mechanism is subject to change once community governance is established.
Is there KYC and how does it work?
All users participating in Fiat will be required to comply with the third party onramp/ offramp requirements.
What are the main features and benefits of your project that differentiate it from competitors?
Community-driven platform that embodies inclusivity. Our diverse range of funds welcomes investors of all backgrounds and experience levels.
Look at our platform. No jargon, no complicated barriers to entry - just beautifully designed functionality that feels intuitive and simple.
Constant liquidity in your position. Upon investing via WLTH, you’ll receive a Fund NFT representing your stake in the fund. This can be sold in whole or in part at any time on WLTH and on secondary marketplaces, ensuring liquidity at all times.
For all of our Genesis NFT holders: You are entitled to a share of 15% of platform profits and enjoy numerous other exclusive benefits, such as governance rights, generous WLTH token allocations, and future collaborations.
WLTH was funded through a fair launch, with no VC investment.
WLTH's token economics form a truly closed-loop economy that perpetually generates value for the protocol and its users.
Unlike most protocols, all gains created by the running of the protocol (both transaction fees and investment revenue) are circulated back into the system while rewarding a loyal user base.
Would the WLTH platform cater for using multiple wallets (i.e. a cold and a hot wallet)?
We support all Wallet Connect compatible wallets. We have no plans to explicitly support hardware wallets at this time.
Is your project open-source, and where can one find the source code or technical documentation?
The protocol will be open sourced at some point in the future after launch.
What blockchain does WLTH use?
Thee platform and core protocol are deployed on the Base network (from Coinbase).
What are Carry fees?
Carry fees are the tax on profits which feeds in to the circular economy.
I received a DM from someone in this group, is it safe?
No Admin/Team member will DM you first. Ask all questions within the group and ensure the team have an admin/name tag. Only use official links to be safe. Ignore all DMs you receive after you ask a question in a group.
Why does my Genesis NFT have to be upgraded?
Genesis NFTs minted before Apr 14th 2023 need to be upgraded to unlock their associated benefits.
The original unrevealed Genesis NFTs are ERC1155 tokens - and must be upgraded to ERC721 tokens to enable the associated utility (e.g. claiming 44,000 WLTH tokens). Genesis NFT owners who bought on secondary market will also be able to check how many WLTH tokens are associated with a given NFT through a portal we will provide.
Your upgraded Genesis NFT will enable access to any token-gated events, on TGE will be able to claim your generous allocation of WLTH tokens, receive passive income through platform profit share, and even earn daily rewards from your NFT.
Holders of the Series 1 will soon be notified of a webpage where they can connect their wallets and upgrade their Genesis NFTs. This process will simultaneously deprecate and remove the older Series 1 and replace it with the upgraded version.
What are the key partnership or collaborations that your project has established?
Kyle Chasse, CEO of Master Ventures is a key contributor
AltcoinBuzz
Mason Versluis
AB de Villiers
Moby Media (FKA Whale Coin Talk)
Coach K
El Kilombo
Pragmatic Coders
Metavest Capital
Andromeda Capital
Master Ventures
Brotherhood Ventures
CSP DAO
Black Dragon
A195 Capital
Cypher Capital
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