F.A.Q.



WPNT is the token for the Waypoint project. You can transfer WPNT via our bridges across networks with minimal fees. BSC contract address:"0x535c9de9cD960d76ACCfbeA2Aa4CC8A030fDa369", Polygon contract address:"0x535c9de9cD960d76ACCfbeA2Aa4CC8A030fDa369"

Our first airdrop of 400 WPNT to everyone who filled our early questionnaire has been distributed on launch day.

Our current airdrops can be claimed by anyone who was an early follower on Twitter or Discord.

Further airdrops will be announced at a later point e.g. small airdrops to early Twitter followers.

When using the bridge we burn the tokens on the sender network and mint an equivalent amount on the receiver network. Аll mintings happen 4 hours later to safeguard the process from abuse on the part of the team. However, to minimize wait times, we will send tokens out of the WPNT reserves immediately upon bridging as long as supplies last. This means that the majority of the time there should be no downtime in receiving funds, with a maximum downtime of roughly 4 hours when there isn't sufficient liquidity.

You can also request to receive some of the token's native token on the receiver network (e.g. BNB or MATIC) to pay for conversion or other fees there

Our aim is to keep fees as low as possible - just enough to cover our gas costs and risk which on networks like MATIC means ~1 cent per transfer.

Users can stake their tokens to provide liquidity for the bridge and get rewards in return. There is a 12 hour delay in unstaking. Similarly, users can stake their USDC/USDB-WPNT LP tokens to provide liquidity on DEXes for further rewards.

50,000,000 WPNT Total

15% of tokens will go to the project and team initially. These will be used to provide enough assets and liquidity early on, on each side of the bridge, as a reward to the team, to offset other (e.g. server) costs and for whatever else might be needed.

20% of tokens will be distributed directly via airdrops initially. These will be the main initial allocation to get them in the hands of potential users.

20% of tokens will be distributed as staking rewards over the course of ~3 years. These will be used to distribute part of the remaining tokens while also incentivizing staking so the smart contract can have enough assets for transfers between chains without waiting.

20% of tokens will be distributed as liquidity provider rewards over the course of ~3 years. These will be used to distribute part of remaining tokens while also incentivizing the provision of liquidity on DEXes so users can easily exchange their WPNT tokens.

5% of tokens will be minted as further rewards to users over the course of ~3 years, be it directly or as staking, liquidity or other incentives based on what is required.

20% of tokens will be minted to the project and team over the course of ~3 years. As there is no ICO these will be used as an extra incentive for the team to keep building as well as pay for any additional costs or partnerships during the early stages of the project.