Usecase

The Wannahang app & $HANG token will provide users with a number of lucrative financial benefits which will incentivise the accumulation & holding of the token. These benefits will be presented both inside and outside the blockchain for all users. We have also ensured our system does not exclude those who do not wish to engage in the blockchain side of things.

The Wannahang app will feature a tiered subscription model which was previously explored in the subscription model section. Those who want to access the premium version have the option of either paying 20USD per month in fiat currency or simply holding the equivalent of 40 USD of $HANG token.

This encourages users to acquire the $HANG token which will cause consistent buying pressure on the token as the app's user number grows.

The Wannahang app will feature advertisements similar to other social networks & users will have the possibility to earn a portion of the revenue generated from the viewing of ads. Rewards will be paid in Solana & $HANG, which will be bought back from the market using the revenue. This adds another mechanism to drive the price of $HANG up as the applications user numbers grow.

On top of that, we have pledged 10% of all company profits from the application to be used to buyback $HANG token from the open market and placed in a staking pool where those who are part of the profit share subscription tier can share in the profits of the company.

With a diverse set of revenue streams being generated from fiat payments for subscriptions, advertisment revenue from the app & paid submissions from events, we expect those who hold enough $HANG to be a part of the profit share subscription to earn a nice return while also watching their $HANG value increase from the constant buyback mechanisms.

This buyback mechanism also helps in sustaining price floors and balancing out the sell pressure created by rewarding users in the native token. The economic model section lays out the potential revenue the application can generate & this will give a sense of how lucrative the buy-back mechanism may be for both the token price and user's rewards.

Wannahang aims to be robust and dynamic and will thus be adaptable to market conditions and the unfolding price action. The potential of rewarding users 50/50 in Solana (SOL) & $HANG is a mechanism which if implemented, will reduce sell pressure and further incentivise holding the $HANG token.