CoinW Token, CWT for short, is the CoinW-based token.
CWT is a decentralized digital asset based on ERC20, with total supply of 25,000,000;
“CoinW-based Token, formerly known as COINS has been rebranded to CWT on Aug 3, 2019.”
Carrier:
CWT is a token system based on Blockchain distribution and management. CWT holders can use it in multiple scenarios under the CoinW ecosystem and enjoy the corresponding rights. CWT will serve as an important hub to support the CoinW ecosystem.
Rights and Interests:
CWT holders enjoy the corresponding rights and interests of the entire CoinW ecosystem and will get sub-tokens as rewards. In addition, the increased scarcity brought by the continuous buyback and burn of CoinW is also a benefit for CWT holders.
Buyback and Destruction Policy:
80% of the CWT in FansUp! Promotion will be burned and the rest 20% will be used for CoinW ecology operating.
20% of profits of FansUp! Promotion will be used for buyback and destruction of CWT.
80% profits of CWT obtained from selling VIP will be burnt regularly.
The above destruction records will be released immediately, and users can check through block explorer, which highly guaranttes transparency and openness. The destruction will end when it reaches 10,000,000 CWT. With the increase of CoinW promotions, it will launch more buyback or destruction policies.