Wall Street Games Governance System Explained
Wall Street Games Governance System Explained
馃幃 Governance Just Got Spicy
Wall Street Games ($WSG) introduces its governance system where token stakers shape the protocol through voting:
- Voting Power: Long-term holders gain influence through time-weighted voting using xWSG tokens
- Proposal Requirements:
- Core proposals need 4,000,000 xWSG votes
- Community proposals also require 4,000,000 xWSG
- Minimum 275,000 xWSG to submit proposals
Voting periods last 24-120 hours on Snapshot. The WSG Foundation oversees platform development and sustainability.
Recent updates include new governance proposals for ranked NFTs and fee adjustments.
A new version of the $WSG application is live on both Google Play and App Store! The update includes the latest governance proposal multiplayer additions, all-around improvements and minor fixes! 1/2
WSG Token Burn Update: 50M Tokens Removed from Circulation
The WSG ecosystem has reached a significant milestone with 50M tokens burned, representing 10% of the total 500M supply. The latest burn removed over 3M tokens from circulation. Key points: - Total burned: 50M WSG - Latest burn: 3M+ tokens - Total supply: 500M WSG This follows the November 2024 burn of 15M tokens ($40,000 value). Burns are funded through: - Trading fees - Platform fees - Game fees Verify burn at [Arbiscan](https://arbiscan.io/token/0xEf04804E1e474D3F9B73184D7ef5D786F3Fce930?a=0x000000000000000000000000000000000000dead)
WSG Album Collection Rewards Distribution and New Collection Launch
The latest $WSG Album Collection rewards have been successfully distributed to winners. A new collection has been launched, offering players fresh opportunities: - New Album NFTs available for collection - Enhanced winning chances through NFT collection - Monthly raffle awards continue for participants *Players can immediately start collecting new Album NFTs to improve their chances of winning future rewards.*
Monthly WSG Album Collection Winners Announced
The latest round of WSG album collection prizes has been awarded to this month's winners. A fresh collection has been released for players to explore and earn rewards from. - New album collection now live - Monthly prizes distributed to winners - Players can start earning immediately Get started now to participate in next month's prize distribution.
Monthly $WSG Album Collection Raffle Winners Announced
- Congratulations to the winners of this month's $WSG album collection raffle! - System and documents updated with latest governance proposal additions. - Careful monitoring of recent changes' results is ongoing. - **New album collection now live** - Players encouraged to start gaming and explore the new collection. *Stay tuned for future updates and opportunities to participate in upcoming raffles.*