The Base AWE deployment is a UUPS-upgradeable proxy. Its verified implementation initialized 2,000,000,000 AWE, grants DEFAULT_ADMIN_ROLE and UPGRADER_ROLE, supports permit and delegated voting, and limits implementation changes to the upgrader role. The reviewed sources did not fully reconcile the current holders of every privileged role; upgradeability must not be described as immutability.
The February 2025 rebrand announcement promised a 1:1 conversion with total supply unchanged at approximately 1.94 billion STPT to 1.94 billion AWE. The verified AWE implementation nevertheless initialized 2,000,000,000 tokens. The reviewed records do not reconcile that difference, so it cannot be attributed to a claim reserve or treated as proof of realized inflation. Separately, on 20 August 2026 the project reported about 99% migrated and set 21 September 2026 as the last eligibility date. It said the AWE allocated to migration but left unclaimed would be addressed by a later community proposal; that notice does not establish the size or cause of the discrepancy.
The official migration bridge is administratively operated. Its verified interface gives an owner functions to add claim records and withdraw assets, matching a portal that verifies a legacy transfer before enabling a Base claim. This is a controlled conversion service, not proof of an automatic trustless Base-to-Base bridge.
Governance requires holders to delegate voting power, including self-delegation. Official rules set a 4,000,000 AWE on-chain proposal threshold, 200,000,000 AWE quorum, a 3-day delay, 10-day vote and 7-day timelock. AFPs pass by simple majority; AGPs require For votes above twice Against votes. Snapshot community polls do not execute code by themselves.
The terms govern the website and interface under Singapore law and reserve suspension and intellectual-property rights to AWE Network while describing the protocol as third-party open-source software outside its control. Neither the terms nor token code grant company equity, profit share, redemption, ownership of AI models or guaranteed yield. AWE gives transfer and delegated governance capabilities plus application utility where a service actually accepts it.