Ethos Network unveils WHUF tokenomics ahead of Sept. 1 auction

Decentralized reputation protocol Ethos Network has unveiled the tokenomics for its native token, WHUF. The token will be used for staking to vouch for other users’ credibility, trading in reputation markets, and paying protocol fees. WHUF has a total supply of 10 million tokens, allocated as follows: - Team: 28.94% - Early investors: 11.06% - Token sale: 20% - XP bonus: 2% - Ecosystem development: 5% - Foundation treasury: 10% - Bounty: 5% - Contributor rewards: 18% A total of 2 million WHUF, equal to 20% of the total supply, will be sold through an auction on Sept. 1. The auction’s price range implies a fully diluted valuation of $1 million to $99 million.