Toupée TechPrice

(WIG)

Toupée Tech (WIG) serves as an ecosystem incentive coordinator, offering a strategic approach to yield farming, token administration, and on-chain governance. The project introduces a unique token model comprising WIG, vWIG, and oWIG tokens. WIG is the primary token backed by WETH liquidity, maintaining an immutable floor price. vWIG is a non-transferable governance token, enabling voting on farm emissions and rewarding holders with swap fees and staking rewards. oWIG is an emission token acting as a call option for WIG. This multifaceted system aims to provide deep liquidity, foster community participation, and ensure a robust, governed ecosystem.

WIG is the primary token, backed by WETH liquidity through a bonding curve, ensuring an immutable floor price of 1 WETH/WIG. vWIG is a non-transferable governance token, empowering holders to vote on farm emission weights. vWIG holders are rewarded with swap fees, staking rewards, and voting incentives, fostering active participation in governance. oWIG functions as an emission token, distributed to farms and acting as a call option for WIG at a 1 ETH/WIG strike price with no expiration. This structure incentivizes liquidity provision and long-term commitment while providing a mechanism for ecosystem growth.

The Toupée Tech bonding curve is a virtual mechanism designed to manage market reserves for the WIG token. Its primary function is to ensure that the market price of WIG consistently remains at or above its immutable floor price, which is set at 1 WETH per WIG. This innovative curve provides deep liquidity for WIG without necessitating a large amount of upfront capital. By controlling the supply and price dynamically through this curve, Toupée Tech aims to offer a stable and liquid environment for its primary token, enhancing trust and accessibility for participants.

The initial supply of WIG tokens is 10,000. Distribution includes 5% for community voting power and 10% as liquid oWIG for the community. Protocols and DAOs receive 45% with permanently locked voting power. The Toupée Tech team receives 20%, split evenly between oWIG and locked voting power. The remaining 20% is allocated for Ecosystem Votes as oWIG. Weekly oWIG emissions start at 400 oWIG (4% of the initial supply) and decay by 1% per week. There is no fixed maximum supply for oWIG, meaning the total supply can grow over time through these emissions.

Yes, Toupée Tech allows users to borrow funds. A key feature of its borrowing mechanism is that users can borrow against their vWIG holdings. This borrowing facility is designed to be user-friendly, as it does not incur any interest charges. Furthermore, users benefit from an absence of liquidation risks associated with these loans. This unique borrowing model aims to provide utility for vWIG holders, allowing them to leverage their assets without the common financial pressures found in traditional lending protocols.

Yes, Toupée Tech (WIG) conducted an airdrop, specifically distributing oWIG tokens to several distinct protocol communities. The targeted groups included holders of Tour de Berance NFTs and The Honey Jar - THC NFTs. Additionally, users on the Base network who were impacted by the $BALD rug pull event were also eligible. Lastly, veAERO token holders received oWIG airdrops. This strategic airdrop aimed to engage specific, established communities within the broader Web3 space and distribute initial tokens to active participants and those affected by past events.