8.2 Tokenomics
The VersaX tokenomics document outlines the financial structure and distribution strategy for the $VRX token, which is integral to the VersaX platform. Here’s a breakdown of the key components and the token distribution plan:
Core Functions of $VRX
Governance: $VRX holders will participate in the governance of the platform through a Decentralized Autonomous Organization (DAO), where they can vote on proposals and decisions that impact the platform's future.
Utility: $VRX will be used within the platform for fee reductions, liquidity incentives, and other features that enhance the user experience.
Incentivization: Active participants in the VersaX ecosystem will be rewarded with $VRXtokens, promoting engagement and contribution.
Token Distribution Overview
The $VRX token has a total supply of 800,000,000 tokens, with the distribution allocated as follows:
Seed Round: 5.63% of the total supply, raising $180,000 at $0.004 per token. This round has a 2-month cliff with a 14-month vesting period.
Private Round: 8.13% of the total supply, raising $455,000 at $0.007 per token, with a 2-month cliff and 10-month vesting period.
Strategic Round: 3.00% of the total supply, raising $204,000 at $0.0085 per token, with a 1-month cliff and 7-month vesting period.
Public Round: 3.75% of the total supply, raising $300,000 at $0.01 per token, with a 1-month cliff and 5-month vesting period.
Team: 14.00% allocated to the team, with a 12-month cliff and a 48-month vesting period.
Liquidity: 10.00% reserved for liquidity, with a 6-month cliff and 6-month vesting period.
DAO Fund: 17.60% allocated to the DAO fund, with a 6-month cliff and 54-month vesting period.
Community Rewards: 11.90% allocated for community rewards, with a 12-month cliff and 48-month vesting period.
Advisory: 7.00% allocated for advisory roles, with a 3-month cliff and 27-month vesting period.
Marketing: 15.00% reserved for marketing activities, with a 4-month cliff and 28-month vesting period.
Referral Program: 2.00% allocated for the referral program, with a 2-month cliff and 26-month vesting period.
Airdrop: 2.00% allocated for airdrops, with no cliff and a 12-month vesting period.
Token Metrics
Initial Market Cap at TGE: $478,500.
Fully Diluted Market Cap (FDMC): $8,000,000.
Total Supply: 800,000,000 $VRX tokens.
Circulating Supply at TGE: 47,850,000 $VRX tokens.
Vesting Schedule
The vesting schedule is designed to ensure a steady and controlled release of tokens to avoid significant market impacts. The schedule varies by category, with specific cliff periods and total vesting durations.
Financial Projections and Pressure
Sell Pressure at TGE: The sell pressure at TGE is strategically managed across different rounds to minimize impact.
Yearly Emissions: The first year’s emissions are projected at 36.29%, with the second year at 25.48%.
Strategic and Financial Planning
The strategy includes partnerships with major exchanges and liquidity providers to ensure a stable launch and ongoing support for the $VRX token. This involves using part of the raised funds for market-making, liquidity provisioning, and strategic marketing initiatives.
The $VRX token is integral to the VersaX ecosystem, with its design fostering a decentralized, community-driven platform that emphasizes security, transparency, and user engagement. The structured vesting schedule and strategic allocation of funds ensure the long-term viability and growth of the platform.
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