Conversion and distribution

Because Wanchain connects so many networks, bridge fees are collected in a variety of coins and tokens on the various chains. For example, fees may be collected in BTC, BNB, ETH, USDC, USDT or any number of other assets. On an ongoing basis, the Convert n’ Burn system converts collected fees to WAN coins and automatically distributes them to 5 wallet addresses on the Wanchain L1 blockchain:

• Wallet 1: 0x008F9e7398782D716C3c11c1E2b29D85d38ca970

  • This is the Community Treasury wallet. 40% of collected fees are converted to WAN and transferred to this address for management by the Wanchain community. This lays the foundation for greater community ownership.

• Wallet 2: 0x5C58D5FC282cE287d812C37A85F0fc39776d5E90

  • This is the Ongoing Operations wallet. 30% of collected fees are transferred to this address. These are held as network coins and stablecoins to cover gas fees on multiple networks. This helps the long-term development of the Wanchain Bridge and related cross-chain infrastructure.

• Wallet 3: 0xf3AE69E850946063Efd3A1DAc8c463c077C79a0c

  • This is the Bridge Nodes & Delegators wallet. 10% of collected fees are converted to WAN and transferred to this address. Assets in this wallet are reserved to incentivise Wanchain Bridge Nodes and delegators.

• Wallet 4: 0x7Fcc859a755579f91FAEAb3C53703600a985Bd3C

  • This is the PoS Nodes & Delegators wallet. 10% of collected fees are converted to WAN and transferred to this address. Assets in this wallet are reserved to incentivise Wanchain PoS Nodes and delegators.

• Wallet 5: 0x000000000000000000000000000000000000dead

  • This is the Burn address. 10% of collected fees are converted to WAN and transferred to this address. These assets are removed from circulation and can never be retrieved.