Wadoozie launched its Ethereum ERC-20 token, $WADZ, on Uniswap on May 27. The company disclosed that this launch features no presale, whitelist, or private round, and imposes no buy or sell transaction taxes. A live tour event also commenced on the same day in Austin, Texas, USA.
75% of the supply is locked in the liquidity pool
The company disclosed that the project initially minted 2 billion $WADZ tokens, approximately 1 billion of which were burned at launch, resulting in an actual circulating supply of about 1 billion. Of this, 75% is locked in a liquidity pool paired with ETH and governed by the DAO; the project states that neither individual nor team wallets can withdraw this liquidity.
Regarding token allocation, 7% is allocated to the creator payment network, 5% to the offline event reward pool, and 3% to the team, with a 12-month lock-up period. The project also states that contract permissions have been renounced.
Simultaneous rollout across all 48 states
Wadoozie ties its project narrative to offline events, planning a tour across all 48 contiguous U.S. states, rolled out in eight phases. The tour begins in Austin and concludes in New Orleans, with future plans to expand to Europe.
According to the project description, upon arriving in each state, the mobile vehicle will distribute seven physical "Signal Fragments," including one Legendary, one Rare, one Uncommon, and four Common. Users who find them can redeem a fixed amount of $WADZ on-chain.
- Legendary can be exchanged for 461,250 $WADZ tokens.
- Common can be exchanged for 15,375 $WADZ tokens.
- A total of 576 fragments are distributed across the 48 states.
The project states that this activity will distribute approximately 34.7 million $WADZ to community participants.
Audit and Issuance Structure Disclosure
The company disclosed that the project has been audited by CertiK Skynet, Coinsult, and SolidProof prior to launch. Available information indicates that Wadoozie aims to enhance community engagement by integrating on-chain token issuance with offline tours and physical rewards.
Additional Information: The token structure, vesting arrangements, and reward mechanisms described in this article are sourced from publicly disclosed information provided by the project team.