☀️The WaterLab Ecosystem: Key Components

$WATER Token

The $WATER token is the core digital asset within the WaterLAB ecosystem, representing a water credit backed 1:1 by water produced through sustainable desalination.

Water Retirement NFT

The Water Retirement NFT is issue by the platform to verify $WATER retirement, containing metadata about the amount, time

Water Producer NFT

Non-fungible tokens (NFTs) issued to verified water producers, containing metadata about their activities and contributions.

Smart Contracts

Various smart contracts govern the ecosystem's operations, including token management, NFT issuance, and marketplace functions.

WaterLab DAO/Water Council

A decentralized autonomous organization overseeing ecosystem governance and water producer approval.

The Water Council is being planned, and to ensure the success of the protocol, we are decentralizing over time.