$WIRE Litepaper
Abstract
The $WIRE token is a utility asset integrated with the 717ai Agent.
717ai is designed to:
• Interpret institutional-grade market data;
• Enhance 717 Capital OTC settlement timelines/pricing;
• Generate independent revenue for $WIRE holders (wholesale borrow/lend, market making, arbitrage, yield-generation, etc.);
• Buyback and burn $WIRE tokens🔥
With these DeFAI capabilities, and a proven business model, 717ai is well positioned to become a leading settlement agent. In the new AI agent economy, 717ai will be available to provide, other agents, DeFi teams, and $WIRE holders with the most efficient token settlements and swaps. Existing clients of 717 Capital will also now be able to settle 24/7.
On the social side, 717ai is designed to:
• Utilize X to increase mindshare and further develop/market services - as 717ai settles more transactions, $WIRE buybacks will increase📈
• Negotiate strategic partnerships by leveraging settlement fees;
• Provide institutional-grade market insights, price breakdowns, catalyst alerts, etc. (Terminal Access);
$WIRE Token:
$WIRE token is designed to:
• Access 717ai Terminal and DAO Fund;
• Subsidize token holder value via $WIRE buybacks;
• Provide exclusive access to partner venues and AI Agent customers;
• Provide liquidity on all DeFi markets;
◦ Fees earned will be contributed to $WIRE buybacks and DAO returns;
• Earn settlement discounts by paying fees in $WIRE.
About The Team
Powered by the team at 717 Capital, 717ai was deployed with a real-world use case to enhance our digital settlement operations, scale our business outreach, and establish a public-facing community.
Since 2017, our Founder has worked professionally in the digital asset industry servicing some of the largest industry players in regards to compliance, trade settlements, payments, borrow/lending, and bank account servicing. We are proud to have established long-standing business relationships which resulted in > 9-figures of USD settlement volume over the last 12 months.
Before, our business relied solely on our private institutional relationships, and word of mouth... until now.
Now, 717ai also gives us the ability to market our services to the public. Creating further value for $WIRE holders.
$WIRE Tokenomics
Team Allocation = 3%
~1.5% - to cover development costs, project growth, etc.
~1.5% - for team member’s to be aligned in 717ai’s success.
*The team expects to fund 717ai beyond the reserved 1.5% via business revenue.
Token Buybacks
717ai has implemented a ‘loose’ token buyback program based on the settlement fees earned from existing clients. In the first 15 business days, 717ai settled $6,619,095 in total volume, resulting in 2,997,910 $WIRE tokens being burned.
Over time, shared buyback volume will be optimized based on the settlement performance of 717ai.
717ai Feature Roadmap
In the financial business, we like to keep it as simple as possible. While these steps are clear & concise, each bullet will require additional nuance and will be developed according to feedback from $WIRE holders.
• On-chain stablecoin settlements (USDT/USDC);
◦ Further increase settlement support for all tokens (BTC, ETH, USDC, etc.);
• Terminal Access🖥️
• Deploy on-chain investment DAO;
◦ 717ai will return a portion of investment income to $WIRE holders;
The team is also working on a customer journey model that will allow 717ai to fully service settlements from a customer service perspective as well.
717ai will leverage cost-saving utility and offer settlement discounts to counterparties, as long as it benefits $WIRE holders. For example, another AI Agent or DeFi team may request a token settlement to fund operational costs. If the Agent is settling an exotic token, 717ai may have a hard time offering competitive rates on low-caps. Instead, 717ai is instructed to subsidize the settlement (as he would with normal $WIRE buybacks) in return for airdrop allocations, exclusive access to other AI terminals, etc.
Vision
The 717 Capital team made sure to align 717ai, $WIRE, and our settlement business objectives.
If executed correctly, 717ai will be a powerful OTC settlement agent with a limitless feedback loop. As his sentient knowledge and capabilities increase, so will his settlement efficiency, on-chain investment strategies, and business development skills. Terminal access for $WIRE holders will improve, and $WIRE buybacks will increase.
The beauty of 717ai and $WIRE is that our project already has a real-world business use case. With the support of 717ai and $WIRE holders, the sky is the limit!
The $WIRE token is a utility asset integrated with the 717ai Agent.
717ai is designed to:
• Interpret institutional-grade market data;
• Enhance 717 Capital OTC settlement timelines/pricing;
• Generate independent revenue for $WIRE holders (wholesale borrow/lend, market making, arbitrage, yield-generation, etc.);
• Buyback and burn $WIRE tokens🔥
With these DeFAI capabilities, and a proven business model, 717ai is well positioned to become a leading settlement agent. In the new AI agent economy, 717ai will be available to provide, other agents, DeFi teams, and $WIRE holders with the most efficient token settlements and swaps. Existing clients of 717 Capital will also now be able to settle 24/7.
On the social side, 717ai is designed to:
• Utilize X to increase mindshare and further develop/market services - as 717ai settles more transactions, $WIRE buybacks will increase📈
• Negotiate strategic partnerships by leveraging settlement fees;
• Provide institutional-grade market insights, price breakdowns, catalyst alerts, etc. (Terminal Access);
$WIRE Token:
$WIRE token is designed to:
• Access 717ai Terminal and DAO Fund;
• Subsidize token holder value via $WIRE buybacks;
• Provide exclusive access to partner venues and AI Agent customers;
• Provide liquidity on all DeFi markets;
◦ Fees earned will be contributed to $WIRE buybacks and DAO returns;
• Earn settlement discounts by paying fees in $WIRE.
About The Team
Powered by the team at 717 Capital, 717ai was deployed with a real-world use case to enhance our digital settlement operations, scale our business outreach, and establish a public-facing community.
Since 2017, our Founder has worked professionally in the digital asset industry servicing some of the largest industry players in regards to compliance, trade settlements, payments, borrow/lending, and bank account servicing. We are proud to have established long-standing business relationships which resulted in > 9-figures of USD settlement volume over the last 12 months.
Before, our business relied solely on our private institutional relationships, and word of mouth... until now.
Now, 717ai also gives us the ability to market our services to the public. Creating further value for $WIRE holders.
$WIRE Tokenomics
Team Allocation = 3%
~1.5% - to cover development costs, project growth, etc.
~1.5% - for team member’s to be aligned in 717ai’s success.
*The team expects to fund 717ai beyond the reserved 1.5% via business revenue.
Token Buybacks
717ai has implemented a ‘loose’ token buyback program based on the settlement fees earned from existing clients. In the first 15 business days, 717ai settled $6,619,095 in total volume, resulting in 2,997,910 $WIRE tokens being burned.
Over time, shared buyback volume will be optimized based on the settlement performance of 717ai.
717ai Feature Roadmap
In the financial business, we like to keep it as simple as possible. While these steps are clear & concise, each bullet will require additional nuance and will be developed according to feedback from $WIRE holders.
• On-chain stablecoin settlements (USDT/USDC);
◦ Further increase settlement support for all tokens (BTC, ETH, USDC, etc.);
• Terminal Access🖥️
• Deploy on-chain investment DAO;
◦ 717ai will return a portion of investment income to $WIRE holders;
The team is also working on a customer journey model that will allow 717ai to fully service settlements from a customer service perspective as well.
717ai will leverage cost-saving utility and offer settlement discounts to counterparties, as long as it benefits $WIRE holders. For example, another AI Agent or DeFi team may request a token settlement to fund operational costs. If the Agent is settling an exotic token, 717ai may have a hard time offering competitive rates on low-caps. Instead, 717ai is instructed to subsidize the settlement (as he would with normal $WIRE buybacks) in return for airdrop allocations, exclusive access to other AI terminals, etc.
Vision
The 717 Capital team made sure to align 717ai, $WIRE, and our settlement business objectives.
If executed correctly, 717ai will be a powerful OTC settlement agent with a limitless feedback loop. As his sentient knowledge and capabilities increase, so will his settlement efficiency, on-chain investment strategies, and business development skills. Terminal access for $WIRE holders will improve, and $WIRE buybacks will increase.
The beauty of 717ai and $WIRE is that our project already has a real-world business use case. With the support of 717ai and $WIRE holders, the sky is the limit!