The Tree of Wally (ToW) sends Wallys to users weekly. This is data-income.
You accumulate data-income if you don't follow anyone. Otherwise, data-income is automatically spent on followed accounts.
1) your data-income is split equally on whom you follow
2) you become eligible to invest in whom you follow
No. You can only follow and invest in 100 accounts right now. That may change.
Investments earn dividends. Good investments, for example in users on Tree of Wally with a growing follower count, grow wealth.
Data will be sold in Wallys, making them a settlement money for data at scale.
Add data like email, country, zip code, gender, and age. In the future, you may add data exported from Amazon, Facebook, and Google.
Data-income is determined by the data added and rates set by ToW.
When you produce valuable data, you should earn - billions produce data daily. We are creating a currency to map onto global data flow. It turns out the USD maps onto national labor flow, and the economics of data justifies a new currency (Nonrivalry and the Economics of Data).
Wally circulating supply increases as needed to fund data-income. A rule-based system limits supply. For example, Wally is 100% distributed to users for data. There is no founder and no investor allocation. Tree of Wally does not give data-income to accounts inactive for 30 days.
Tree of Wally sets a) data-income levels; b) transaction fees; c) the minimum spend required to follow; d) and taxes (see below).
There are no taxes right now. In the future, there may be taxes for different incomes as per regulation and policy.
Data on the average American is worth a couple hundred USD to Meta and Alphabet each year.
Increasing demand raises prices. Tree of Wally increases data demand by creating markets; increasing the number of participants; tokenizing assets (turning accounts into properties); and transforming data into currency.
Tree of Wally charges low Wally fees per transaction and $10 per month for investors.
Wally is a credit system managed centrally by Tree of Wally today. Wally may turn into a cryptocurrency (with a representative governance model for ToW) at a later date.