Blockchain-based ecosystem WeFi has announced the upcoming Token Generation Event for its native $WFI token on the Binance Smart Chain. The token will later transition to the platform’s dedicated network, WeChain, once the mainnet is live. $WFI functions as the central utility token across all WeFi services and decentralized applications.
As an ecosystem token, $WFI will support transactions across a variety of WeFi products, including Neobank, WeChain, remittance, and AI-driven nodes. The total supply of $WFI tokens is limited to 1 billion.
WeFi has designed $WFI to function as a utility token that bridges TradFi and DeFi. The token can be traded on both decentralized and centralized exchanges, giving holders flexibility and liquidity within the broader crypto marketplace. $WFI can also be used as collateral within WeFi’s Neobank. Users will be able to stake $WFI to secure loans or other financial services.
In line with WeFi’s commitment to accessibility and fairness, $WFI will launch through a Fair Launch model. Unlike projects that reserve pre-allocated tokens for specific investor groups, WeFi will release its token through a decentralized platform without private sales or VIP access. This approach allows any participant, regardless of background or investment status, to acquire tokens at the same time and with the same conditions.
$WFI’s distribution is structured to prioritize community and user engagement, ensuring no central authority or team holds a disproportionate supply. The entire supply of $WFI will be accessible exclusively through mining, with participants required to set up and operate ITO nodes to earn tokens. This is similar to the launch model of Bitcoin, where Satoshi Nakamoto issued BTC into open circulation without reserving a single token for themselves.
As part of its core features, $WFI supports liquidity pools, allowing token holders to contribute and earn passive income through transaction fees shared within the pool. This function further incentivizes network participation and provides opportunities for $WFI holders to benefit from the token’s adoption. Additionally, $WFI will cover transaction and gas fees, facilitating smoother and more efficient on-chain interactions, especially as the ecosystem scales.
Another integral aspect of $WFI’s design is its role in supporting WeFi’s AI nodes, where the token functions as computing power. It will also be the primary reward token for users engaged in mining and for those contributing to ecosystem building by setting up and maintaining validators.
The Neobank use case is central to WeFi’s ecosystem, with plans to introduce bank cards and, later, non-custodial accounts to give users more control over their funds. Holding $WFI will offer users added perks, including reduced fees and additional financial services, enhancing the overall neobanking experience. With non-custodial accounts, users will manage their own funds without needing to transfer custody, offering increased security and autonomy—a feature that will set WeFi’s Neobank apart as the platform evolves.
One of WeFi’s biggest goals is to reduce remittance costs in traditional finance and make cross-border transactions more accessible and inclusive. $WFI will be used as a carrier token to facilitate cost-effective remittance for users globally. Financial institutions can use the token as a deposit to access WeFi’s dApps.
The token has vast utility, which will only increase when the WeChain mainnet goes live, according to the WeFi team. The initial launch on BSC will allow $WFI to gain broader adoption across the crypto community and generate liquidity.
The token distribution model for $WFI relies exclusively on mining, requiring users to operate ITO nodes – a critical component in maintaining WeFi’s network stability and efficiency. $WFI tokens will be distributed exclusively through a mining process involving Initial Technology Offering (ITO) nodes. To mine the tokens, participants must set up and operate these ITO nodes.
“The TGE marks a major milestone for WeFi and for our mission to bridge traditional and decentralized finance,” said Maksym Sakharov, Group CEO and co-founder of WeFi. “$WFI will be the backbone of our ecosystem, powering everything from remittances to decentralized applications. We want to establish $WFI as a powerful currency to overcome financial inequality and address the plaguing issue of exclusivity that traditional finance failed to address for decades. With this TGE, we’re laying the foundation for a more accessible and inclusive financial system that adapts to the needs of both unbanked individuals and institutional users.”
The token’s release follows a phased distribution plan, with the majority available through ITO activation. Around 862 million tokens will be allocated for mining (862,068,966 WFI),which is more than 80% of the total supply. An additional 137.9 million $WFI tokens are set aside as referral rewards. These will be used to offer incentives to early adopters and community members who invite new participants.
