WOLK

  • Full name

    WOLK

    status

    preproduction

    Utility

    The Wolk Protocol supports decentralized data exchange using decentralized virtual currency keyed in by IDs, enabling data buyers and data sellers to obtain information about IDs such as mobile device IDs, emails and phone numbers. Wolk APIs use a new Ethereum-based token called "WOLK". In the Wolk Protocol, data buyers spend WOLK tokens to acquire data about specific IDs via APIs and data suppliers earn WOLK for data delivered to buyers using those APIs.

    Symbol

    WOLK

  • technical
    Type

    Token

    Proof algorithm

    Proof-of-work

    Monetary policy

    After Token Generation Event, API calls will have: - 5% of Tokens Burnt on API calls - 20% of Tokens earned by Wolk API service provider which can drive price appreciation for WOLK token holders.