4. Tokenomics — Wave Token (WAVE)¶
IMPORTANT - Utility Token Notice: WAVE Tokens and ORCA NFTs are utility instruments for use within the BetsWave ecosystem only. They are not securities, investment contracts, equity instruments, profit-sharing interests, bonds, or regulated financial products in any jurisdiction. Acquisition of WAVE Tokens or ORCA NFTs does not create any ownership interest in BetsWave, does not entitle the holder to any dividend, profit distribution, or financial return, and does not create any fiduciary obligation on the part of BetsWave. Participants should not acquire WAVE Tokens or ORCA NFTs with an expectation of profit derived from the efforts of others. This notice applies to all sub-sections of Section 4 and must be read in conjunction with Section 10.2 of the General Disclaimer.
4.1. Token Overview¶
The Wave Token (WAVE) is the native utility token of the BetsWave platform, deployed on the Hedera Hashgraph network. WAVE Tokens serve functional purposes within the platform ecosystem, including facilitating service payment processing, enabling participation in the governance framework, supporting ecosystem operational functions, and providing access to staking pool mechanics for eligible participants.
The token model adopts a fixed maximum supply with built-in supply-reduction mechanisms designed to manage circulating supply over time. As with all digital assets, the utility, exchangeability, and market reception of WAVE Tokens are inherently uncertain. No guarantees are made regarding their value or market performance.
| Attribute | Detail |
|---|---|
| Token Name | Wave Token (WAVE) |
| Token Type | Utility Token — not a security or financial product |
| Network | Hedera Hashgraph |
| Maximum Supply | 1,000,000,000 WAVE (fixed, no further minting) |
| Functional Use Cases | Platform service payments, governance participation, staking pool access, ecosystem operations |
4.2. ORCA NFT Membership Instruments¶
ORCA Non-Fungible Tokens (NFTs) are platform membership instruments issued as ERC-721 soulbound (non-transferable) tokens. They are designed to grant eligible holders access to enhanced platform functionality, subject to the terms of the applicable membership framework. ORCA NFTs are capped in total supply to manage membership scarcity within the ecosystem.
Supply and Structure¶
- Total Supply: 100,000 ORCA NFTs (fixed; no additional issuance beyond this cap)
- Membership Model: Yearly subscription structured across ten tiers (10,000 NFTs per tier)
- Pricing: Tier 1 = USD 10 per year through Tier 10 = USD 100 per year
- Token Standard: ERC-721 soulbound (non-transferable); stores tier level and expiry data on-chain
Membership Functionality¶
ORCA NFT holders receive access to the following platform features, subject to applicable terms and conditions in force at the time of use:
- Access to processing pool participation mechanics within the platform's staking framework
- Reduced Service Processing Fee of 0.5% (versus the standard 1% applicable to all other users)
- Early access to Virtual Analytics Environment features and immersive data suite experiences
- Unrestricted access to peer-to-peer Direct Processing Agreement creation
- Referral discount of 10% per successful referral toward renewal fees, up to a maximum of 100%
ORCA NFT Disclaimer: ORCA NFTs are platform membership instruments only. They do not represent equity, shares, profit-sharing rights, ownership in BetsWave, or any form of security or regulated financial instrument. Membership benefits described above are subject to modification through the platform's governance framework and the applicable Platform Terms of Service.
4.3. Token Supply Structure¶
The Wave Token adopts a fixed maximum supply of one billion (1,000,000,000) WAVE Tokens with no minting beyond this cap. The allocation model is structured to support platform operations, ecosystem incentives, community development, and liquidity provisioning across defined categories.
| Category | Allocation | Description |
|---|---|---|
| Public Distribution (ICO) | 25% | Decentralized token distribution; 10% at Token Generation Event (TGE), then linear over 12 months |
| Treasury & Ecosystem Growth | 40% | Grants, ecosystem incentives, strategic partnerships, and protocol development |
| Team & Advisors | 15% | 1-year cliff, followed by 36-month linear vesting schedule |
| ORCA Staking Pool | 6% | Allocated to staking rewards pool; distributed across 4 years per emission schedule |
| Community Incentives | 10% | Ambassador programs, referral incentives, and community engagement campaigns |
| Liquidity Provisioning | 4% | Reserved for DEX and CEX market liquidity, paired with HBAR or USDC |
The allocations above are subject to the terms of applicable vesting schedules and the community governance framework.
4.4. Platform Staking Mechanics¶
Staking Risk Disclosure: Participation in the platform's staking mechanics does not constitute a deposit, investment, loan, bond, or regulated financial product. Staking pool participation does not guarantee any particular rate of return, income, or distribution amount. The market value of any WAVE Tokens received as distributions may be lower than the market value at the time of receipt, and may decrease to zero. WAVE Token values are subject to significant and unpredictable market volatility. The nominal amount of any distribution does not represent profit, return on investment, or financial gain in a legally cognizable sense. Participants should not engage with staking mechanics on the basis of an expectation of profit.
Tax Notice on Staking Distributions: Staking pool distributions received by participants may constitute taxable income, capital gains, or other taxable receipts under the laws of participants' respective jurisdictions. BetsWave does not provide tax advice and makes no representation regarding the tax treatment of staking distributions. Participants are solely responsible for determining and satisfying all applicable tax obligations arising from staking participation.
Staking pool participation is exclusively available to active ORCA NFT holders. The mechanics are designed to distribute a portion of platform-generated Service Processing Fee revenue and the designated staking pool allocation to eligible participants in proportion to their participation levels and applicable lock-in duration.
Staking Parameters¶
- Eligibility: Active ORCA NFT holders only
- Distribution Source: A portion of the 1% platform Service Processing Fee, supplemented by the designated ORCA Staking Pool allocation (6% of total WAVE supply, distributed across four years per the emission schedule below)
- Lock-In Durations: Optional 30-day or 90-day lock-in periods, with tiered distribution rates corresponding to lock-in duration
- Principal Design: The current protocol design does not incorporate principal slashing mechanisms. This design parameter is subject to governance modification. The market value of tokens held or received is not guaranteed and may decrease materially regardless of this design feature
Emission Schedule¶
- Year 1: 1.5% of staking pool allocation distributed
- Year 2: 1.5% of staking pool allocation distributed
- Year 3: 2.0% of staking pool allocation distributed
- Year 4: 1.0% of staking pool allocation distributed
4.5. Governance Framework¶
BetsWave employs a progressive governance model utilizing WAVE Tokens to enable community participation in specified platform decisions. Governance is initially conducted off-chain via Snapshot voting, with a planned transition to on-chain execution as the platform and its community mature.
- Token Used: WAVE
- Mechanism: Off-chain Snapshot voting, transitioning to on-chain execution as the platform evolves
- Eligibility: Holders of at least 10,000 WAVE Tokens, or holders of at least one active ORCA NFT
Governance Scope¶
Eligible participants may submit and vote on proposals within the following areas: - Service Processing Fee allocation adjustments - Treasury fund disbursement priorities - Community grant approvals - Feature development priorities including new product formats
Governance Rights Clarification: Governance participation grants voting rights on specified platform parameters only. It does not confer ownership interest, equity stake, profit entitlement, management rights, fiduciary rights, or any legally enforceable financial claim against BetsWave or its operators. Governance outcomes are advisory in nature until implemented by the platform's technical team, subject to applicable legal, security, and operational constraints.
4.6. Token Burn Mechanism¶
To manage circulating supply over time, the BetsWave protocol incorporates token burn mechanics tied to platform activity:
- 51% of all Service Processing Fees collected are permanently removed from circulating supply (burned to a null address)
- 51% of WAVE Tokens used to purchase ORCA NFTs are permanently burned
Burn Mechanism Disclaimer: These supply-reduction mechanisms are designed to reduce circulating supply over time as an architectural feature of the token design. Reduction in circulating supply does not guarantee, imply, or represent any increase in token market value. Token market pricing is determined by supply and demand dynamics, liquidity conditions, regulatory developments, and numerous other factors that are outside the platform's control and are not predictable. No representation is made that burn mechanics will produce any particular market outcome.