$WATT
Token utility, the fixed-supply launch, and where protocol revenue actually comes from.
$WATT
$WATT is the staking asset of the Watt protocol. Staking it registers a claim on the surplus energy the network absorbs.
Utility
$WATT does one primary thing: it is the asset you stake to accrue Energy Points. Stake-seconds of $WATT are the denominator in the pro-rata split of each epoch's attested budget.
Secondary roles under consideration, all TBD and undetermined:
- Operator and attester bonding, so that the parties reporting on physical delivery have something at stake.
- Fee routing, if governance directs treasury revenue toward the token.
- Governance over registry parameters, SKU prices in kWh, expiry bucket width, quorum size, fee rates.
What $WATT is not: it is not the payment asset for compute. Compute is paid for with vouchers, which are minted by burning points. It is not a yield instrument. It carries no claim on revenue unless governance creates one, and none exists today.
Supply
$WATT is a fixed-supply ERC20. There is no inflation, no minting function reachable after deployment, and no staking emissions.
This follows from the point mechanism. Staking rewards are denominated in absorbed kWh, a physical quantity measured after the fact. There is no need to print tokens to pay stakers, because stakers are not paid in tokens. Adding an emission schedule on top would only dilute holders to pay them in the thing they are being diluted in.
Total supply, allocation and any vesting are TBD. They are undetermined and will be published in full before launch. No figures are stated here because stating a placeholder as if it were a decision would be worse than saying nothing.
There is no token address. The token is not deployed. Any contract claiming to be $WATT today is not.
The launch
The token is planned to launch as a fixed-supply ERC20 on Robinhood Chain, with no mint function after deployment.
The relevant mechanical fact is that the launch venue owns the liquidity pool. It creates and holds the pool; the Watt protocol does not. This has one important consequence for how the protocol earns.
Where protocol revenue comes from
Many token projects point at trading fees as their business model. Watt cannot, and the docs should be direct about why.
Because the launch venue owns the pool, swap fees on $WATT trading do not accrue to the Watt protocol or its treasury. They belong to that pool. No amount of volume in the $WATT market produces revenue for Watt. If you are evaluating this protocol, do not include trading volume in the model.
Protocol revenue comes from two places, both tied to actual use of compute:
| Source | Charged on | Paid by | Rate |
|---|---|---|---|
| Voucher mint fee | Minting a voucher from Energy Points | The minter | TBD |
| Marketplace fee | Filling an order on the voucher book | The taker | TBD |
Both are usage fees. The mint fee is collected when a claim on energy is converted into a claim on compute. The marketplace fee is collected when that claim changes hands. Neither is collected when nobody is using the network, which is the correct behaviour: a protocol that earns nothing when it delivers nothing is at least honestly aligned.
The practical implication is that the revenue line tracks compute demand and absorbed energy, not token speculation. A quiet market with heavy voucher usage earns more than a loud market with none.
Where treasury revenue goes is a governance question and is undetermined. There is no buyback, no revenue share and no distribution mechanism in the design as it stands. Do not assume one.
Status
Watt is not deployed. There is no launch date, no listing, no partner and no audit to report. Where these docs would normally give a figure, they give TBD, and TBD means the decision has not been made.
Legal note
$WATT is a utility token whose function is to access compute capacity through the Watt protocol. Nothing on this page or anywhere in these docs is an offer or solicitation to buy or sell securities, a prospectus, financial advice, or investment advice. No statement here should be read as a promise of profit, yield, or return of capital.
Access to the protocol and to $WATT may be restricted or unavailable in some jurisdictions, and it is your responsibility to determine whether participation is lawful where you are. See Legal before doing anything.