"wLiti DAO (WLD)’s smart contract was deployed on Feb. 7th, 2022 and was listed on its first exchange (Quickswap) on Feb. 10th, 2022. It was created by a group of wLITI token holders who chose to use wLITI as the foundation for the WLD token. When a person deposits wLITI tokens into the DAO smart contract, WLD tokens are minted at a 1 to 1 ratio with the wLITI being deposited. wLITI tokens can be withdrawn from the DAO smart contract at any time, except for when the wLITI is converted into LITI tokens to represent all of the wLiti DAO members (a wLiti DAO member is anyone who owns WLD). When wLITI tokens are withdrawn from the DAO, the WLD tokens that are being swapped for the wLITI are burned at a 1 to 1 ration with the amount of wLITI being withdrawn.