Get a Wapp’s Tokens

Get Tokens

Help Us

Grow

Create a

Wapp

Getting an Wapp's tokens is just a matter of sending ETH to its contract address and having the tokens returned automatically. The holder would then become a participant in its economy, with a share of holder rewards every pay period.

The following is an example of how tokens were obtained for an Wapp.

1.

I found information on the Wapp from a reliable source.

Note the Wapp's basic settings, such as the minimum and maximum amounts that can be obtained, and frequency of pay periods (e.g., every 7, 14, 30, 90 days, etc). If you know how to interact with contracts using MEW or another tool, here are functions you can call in the Wapp to find out its settings.


It's also best if contract code is visible and verified with a green icon, like in this example on Etherscan and not a contract that can't be read, like this example. A Wapp contract that can't be read probably shouldn't be trusted, though it's also important that it is using standard Wapp code.


For settings in a standard Wapp, click here

2.

Now I need to go to MyEtherWallet, login to my account (or create a new one if I don't yet have one).

If you're joining a Fantom-based Wapp and want to connect to its network, click here

3.

After clicking 'Send' on the right, an amount of ETH was sent to the Wapp. If more ETH is sent to the Wapp than is allowed, the remainder will be returned to the sending address. If you send 0.00001 ETH  or less, it will be retained by the contract. (Note that in Etherscan you would see this in the internal transactions section.)

4.

Wapp tokens were automatically returned to my address.


Each Wapp has two addresses. The 'contract' address and the 'token' address. When adding the Wapp token as a custom token in MyEtherWallet, for example, you'd enter the Wapp's contract address. However, you'd send ETH to the token address.


Now that I have the Wapp's tokens I have 3 choices (see #5A, 5B, and 5C)

5A.

Keep the tokens and receive distributions of tokens from workers at the end of each pay period. The greater the percentage of the Wapp's circulating tokens I own, the greater the percentage my reward distribution will be.

Before I receive my reward distribution, I need to approve of the work performed by the Wapp. This is done by adding the first digit of my wallet address and the number of the day of the month. I then will turn this into an ETH decimal value by adding seven zeros in front of this number.


If my local date is November 5, for example ("5"), and the first digit of my wallet address is "2" then I will send 0.00000007 ETH to the contract address to sign for my distribution, automatically receiving whatever is due. (Note that there is no need to worry about timezones.)


As a holder, there is no time limit for approving of work. If I missed 83 pay periods and sign for the next, for example, I am approving of the work done in the current and all previous pay periods. (However, workers must approve of the period before the end of the following period.)


Please note that any value sent less than 0.00001 will be retained by the contract, as it meant to represent a work block approval.

5B.

Validate workers. If I want to reward a worker so that he is incentivized to provide more value to the Wapp, I could simply send a portion of my tokens to the contract address of the worker's PDC I received. When I send the Wapp's token to them it does not go to the worker directly. When I validate a worker, it simply means that I am increasing the weight of the worker's reward distribution at the end of the current pay period.

How To Validate a Worker

5C.

Request a refund. At any time I could interact with the contract to request a refund of what I put in. If the Wapp has an available supply before I send them back and I receive a refund, it will be at the same rate that I got them at. If the Wapp does not have an available supply, it will be at the current rate in order that new holders may join the Wapp. (Note that not a;l Wapps will have this feature, however. If it does, it is not 100% guaranteed. Participants should not expect refunds when joining a Wapp, as they are scheduled to receive continuous rewards at the end of every pay period.

How To Send Your Wapp Tokens Back to the Wapp

Get Tokens

Help Us

Grow

Create a

Wapp

The software and information is provided "as is", without warranty of any kind, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose and noninfringement. In no event shall the authors or copyright holders be liable for any claim, damages or other liability, whether in an action of contract, tort or otherwise, arising from, out of or in connection with the software or the use or other dealings in the software. This software and information is for educational purposes only and is not intended to be used in any environment, production or otherwise..

Further, the information contained on this website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in any entity or any related or associated company or entity. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly the information contained on this website does not constitute investment advice or counsel or solicitation for investment in any security.

This information does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. The operators of this website and its agents expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.