As we near the WAX Blockchain mainnet and protocol token launch next week, we’d like to introduce to the community the WAX Worker Proposal System (WWPS).
The WWPS is a program that’s designed to incentivize and compensate community developers who build upon the WAX Blockchain. The WWPS allocates funds to be distributed to developers who work on community needs, patches, and upgrades. In exchange for their time and effort contributing to the development of WAX, these developers will be eligible to receive WAX Tokens from the WWPS.
Through the WWPS, the WAX Community enjoys a decentralized structure by reducing the reliance on a single source for new additions. Similar (but less formal) incentive programs in the past from both WAX and OPSkins have been beneficial for everyone: the developers who are compensated for their efforts, the community for having access to additional tools and services, and our organization which can leverage the creativity of the community for the advancement of our offerings.
The WWPS will be funded from 1% of WAX annual inflation. The WWPS will not be eligible for GBM Rewards as to encourage active distribution of the funds to developers.
More information about how to apply for the WWPS will become available after the WAX Blockchain mainnet launch.