Introducing the wPWR Ecosystem on Base
We’ve officially completed the migration of wPWR from Ethereum to the Base network, and with it comes an exciting new ecosystem designed to benefit both wPWR holders and PowerNFT owners. The following will break down what’s new, how the system works, and how it can potentially generate real returns for participants.
PowerDrip, PowerNFT and Lotto Maxx
The core of our Base footprint includes three main features: the PowerDrip platform for token holders, the PowerNFT platform for minting NFTs and earning rewards and the Lotto Maxx platform to provide big prize pools while driving volume and rewards for users.
PowerDrip: Earn from Every Transaction
If you hold wPWR on Base, you can lock your tokens in PowerDrip and start earning rewards. Here’s how it works: 3% of every buy and sell transaction, along with bridge transactions between MaxxChain and Base, gets distributed to PowerDrip participants. This creates an ongoing stream of rewards for anyone locking their wPWR.
To add to that, 10% of all rewards earned are automatically sent to the burn wallet to help reduce the overall supply and combat the inflationary mechanism from miners on MaxxChain.
PowerNFT: Three Streams of Rewards
PowerNFT owners get access to three distinct revenue streams, paid out in both USDC and wPWR:
- USDC Rewards: 1% of all buy and sell volume is distributed as USDC rewards, claimable through the dApp.
- wPWR Rewards: 1% of all bridge transactions rewards NFT holders in wPWR, which is also claimable in the PowerNFT dApp.
- Locked wPWR in PowerDrip: Each PowerNFT locks in 50,000 wPWR in PowerDrip, meaning NFT holders also share in the 3% tax on transactions and bridge transfers. This setup gives PowerNFT owners three separate streams of income from USDC and wPWR.
As a bonus, if you were a previous Profit Pass holder, you’ll receive double the token value with 100,000 wPWR locked in PowerDrip, boosting your potential rewards.
As of this writing, 82 of the 200 PowerNFTs have been minted. The next 18 NFTs are available for $750 USDC, mintable directly through the dApp. After that, prices will go up to $1,000 USDC for the next 50 NFTs, with the final 50 being priced at $1,250 USDC. If you’re interested, now is a good time to grab one at a lower price.
Lotto Maxx: Win Big and Share The Rewards
We’re also bringing back Lotto Maxx in the coming weeks on Base, which will add even more volume and tax generation for both PowerDrip and PowerNFT holders. In this revamped version, players will pick 3 out of 30 numbers per ticket, purchased with ETH. The ETH will then be used to purchase wPWR on Base, increasing rewards for PowerDrip and PowerNFT users while contributing to token burn. Each draw guarantees at least one winner, who will take home the entire prize pool in wPWR. This will add another fun way to engage with the ecosystem while contributing to transaction volume and rewards.
What’s Next? A Marketplace for Truckers’ Invoices
Looking ahead, we are aiming to develop a specialized marketplace that will help provide liquidity for truckers’ invoices through Maxx Capital Solutions. The fees generated from this marketplace will be collected in USDC and distributed to PowerDrip users, adding another layer of revenue for both token holders and NFT owners. This is a significant step forward in integrating real-world assets with blockchain, creating sustainable rewards for all participants.
Governance Platform: Powering our Future
Another exciting development in the wPWR ecosystem is the introduction of a governance platform that will allow the community to have direct input on the future of the project.
The platform will allow wPWR holders to vote on key decisions, such as adjustments to the PowerDrip and PowerNFT platforms, tokenomics, and other crucial aspects of the wPWR ecosystem on Base. This governance model gives the community real voting power to influence how rewards are distributed, potential token burns, platform upgrades, and even the integration of new features — essentially giving the power to the people.
By participating in governance, you’ll have a say in the direction of the project, ensuring that wPWR on Base evolves based on the needs and preferences of its most active users. This collaborative decision-making process strengthens the bond between the developers and the community, helping to ensure long-term sustainability and success for the project.
The migration to Base has opened up a new world of opportunity for both wPWR token holders and PowerNFT owners. With PowerDrip, PowerNFT, Lotto Maxx, and the upcoming marketplace and governance platform, there are plenty of ways to earn and participate in this growing ecosystem.
wPWR on Base is available on Uniswap and can be traded here, while PowerNFT’s can be minted directly from our dAPP here.
For up to date information, be sure to follow us on X and join our Telegram and Discord channels.
