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<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1">
<title>The WYV Token</title>
<meta property="og:url" content="https://token.projectwyvern.com" />
<meta property="og:type" content="business.business" />
<meta property="og:title" content="The WYV Token" />
<meta property="og:description" content="An overview of WYV - the Project Wyvern token - covering uses, history, and frequently asked questions." />
<meta property="og:image" content="https://token.projectwyvern.com/img/logo-square-red-transparent-400x400.png" />
<meta name="description" content="An overview of WYV - the Project Wyvern token - covering uses, history, and frequently asked questions." />
<link rel="shortcut icon" href="img/favicon-32x32.png">
<link rel="stylesheet" href="css/style.css">
</head>
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<h1 class="header center">WYV</h1>
<br />
<h2 class="subheader center">The Project Wyvern Token</h2>
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<h1 class="subheader center margintop1">WHAT</h1>
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<h1 class="header-paragraph">WYV, the Project Wyvern token, is an ERC20-compatible Ethereum token.</h1><br />
<h1 class="header-paragraph">ERC20 is Ethereum's standard for a particular kind of smart contract called a token.</h1><br />
<h1 class="header-paragraph">Tokens represent unitized value - like a currency.</h1><br />
<h1 class="header-paragraph">WYV can be held in and transferred between Ethereum wallets and smart contracts.</h1>
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<h1 class="subheader center margintop1">WHY</h1>
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<h1 class="header-paragraph">The WYV token is a protocol token: it powers the <a href="https://exchange.projectwyvern.com">Wyvern Exchange</a>.</h1><br />
<h1 class="header-paragraph">Users must pay a small fee (a fraction of a percent) in WYV to settle purchases on the Exchange.</h1><br />
<h1 class="header-paragraph">This provides a mechanism to support protocol and frontend development.</h1><br />
<h1 class="header-paragraph">WYV holders are also shareholders in the <a href="https://dao.projectwyvern.com">Wyvern DAO</a>.</h1></br />
<h1 class="header-paragraph">The Wyvern DAO is charged with furthering the development of the exchange and, when necessary, arbitrating disputes.</h1><br />
<h1 class="header-paragraph">DAO shareholders vote on proposals and determine what transactions the DAO executes.</h1>
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<h1 class="subheader center margintop1">WHO</h1>
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<h1 class="header-paragraph">You, the users, hold WYV and control the Wyvern DAO!</h1><br />
<h1 class="header-paragraph">The WYV token was originally <a href="https://medium.com/project-wyvern/project-wyvern-erc20-port-completion-faa53a917f76">converted from a Bitcoin-style altcoin</a>,<br /> so early miners may hold some tokens.</h1><br />
<h1 class="header-paragraph">The current development team holds a modest amount,<br /> but we didn't specially award ourselves any.</h1><br />
<h1 class="header-paragraph">You can view the current (pseudonymous) list of tokenholder addresses <a href="https://etherscan.io/token/0x056017c55ae7ae32d12aef7c679df83a85ca75ff#balances">here</a>.</h1>
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<h1 class="subheader center margintop1">FAQ</h1>
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<h1 class="header-paragraph"><em>Was there an ICO?</em></h1></br>
<h1 class="header-paragraph">There has not been and will not be an ICO of any kind.</h1></br>
<h1 class="header-paragraph"><em>Is WYV a utility token?</em></h1></br>
<h1 class="header-paragraph">Protocol users can pay settlement fees, set by frontends, in WYV - so we think so.<br />This is not legal advice.</h1></br>
<h1 class="header-paragraph"><em>Do I need to use WYV to sell assets on the Exchange?</em></h1></br>
<h1 class="header-paragraph">No. WYV is just used to pay for fees on the Wyvern Exchange (and using WYV is optional).<br />Assets can be bought/sold/auctioned for any token.</h1></br>
<h1 class="header-paragraph"><em>How do I pronounce it?</em></h1></br>
<h1 class="header-paragraph">WYV is pronounced "why-vuh" - but you can also just say "Wyvern".</h1></br>
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<h2 class="center">This website is <a href="https://github.com/ProjectWyvern/token.projectwyvern.com">open source</a>, feel free to contribute.</h2>
<h2 class="center">For more information about Project Wyvern visit <a href="https://projectwyvern.com">projectwyvern.com</a>.</h2>
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