BINGO

The token that powers WeGotcha

The fundamental unit of account in the WeGotcha Ecosystem is the BINGO token. Users who have contributed the most to the ecosystem, have the most influence over how contributions are scored. WeGotcha only allows users to vote with BINGO when it is committed to a vesting schedule. Under this model, members have a financial incentive to vote in a way that maximizes the long-term value of their BINGO.

WeGotcha is designed around a relatively simple concept: everyone’s sharing contribution in the ecosystem should be recognized with incentivization for the value it adds,. When people are recognized for their sharing effort, they continue contributing to the ecosystem and it help in the community growth. Any imbalance in the give and take within a community is unsustainable.

Decentralized applications (DApps) built on WeGotcha are all based on circular token economies. They can issue their own tokens by maintaining a reserve of BINGO, or simply use BINGO tokens. The general idea is that tokens are being distributed to contributors of value — for value that is contributed to the network. On the other hand, the same tokens gain benefit from the value created by the network. The more value is being created the higher the value of the tokens, the more the organization can incentivize the contribution​ ​of​ ​more​ ​value,​ ​and​ ​so​ ​on​ ​and​ ​so​ ​forth.