Coinweb (CWEB)
(Redirected from Coinweb)
"Coinweb Labs is a boutique incubation environment built on top of the Coinweb Layer 2 cross-chain computation platform"
Basics
- Based in: "offices in London, Bangkok, Kyiv, and Barcelona" (17-8-2023)
- Started in / Announced on: 2018
- Testnet release:
- Mainnet release:
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
- 21.9% is for mining, public sale 0.3%, rest if founders, company and investors. Mining goes to stakers, so basically them again.
"Seed round vesting over 24 months, Private / Strategic rounds over 12 months, Company over 36 months, all with no lock up period."
Inflation
- They changed it from at first (27-11-2021) being maximum 10% instead of it being increasable.
"Mining reserve release starts 2022H2 max 10% of balance pr. year."
- From their Staking guide (28-4-2022):
"The Staking Program rewards start at 15% per annum, increasable by participating in further staking opportunities known as “Booster Windows” as yet to be announced by the team in anticipated monthly intervals."
Utility
- From their Twitter (10-8-2023):
“What is the utility of $CWEB when dApps/users utilise our Gas Fee Abstraction for transactions? For these, fees are determined like L2 gas and broadcaster fees. But when executed by Tokenization Block, tokens are converted to CWEB to cover these fees.”
Burns
Other Details
Coin Distribution
- About 36% of the total supply is circulating, 64% is locked in 1 wallet (17-8-2023).
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed here.
- Consensus mechanism:
- Algorithm:
- Virtual Machine:
- Development language used: WASM (13-8-2023).
Transaction Details
How it works
Fees
Upgrades
Staking
- From their staking dashboard (17-8-2023):
"To qualify for staking, up to 10% of the staked funds will be moved to Coinweb Layer 2 as staking collateral. Staking rewards will be available at the completion of the pre-mainnet epoch H2 2023."
- From their Staking guide (28-4-2022):
"There is no minimum amount that is required to participate in the Staking Rewards program. A maximum limit has not been established as of the time of this writing. Collateral, however, is required when staking amounts above 10,000 CWEB*."
Validator Stats
- Says there is ~334M staked by 785 stakers (17-8-2023). Which would come down to 10% of the circulating supply.
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found here.
Funding
- Has Shima Capital, Panda Capital, Morningstar Ventures, Qi Capital, Master Ventures, Kucoin Labs, Gate.io Labs and a bunch of other lesser known VCs under their 'partner' page (17-8-2023).
Partners
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