VElorum Cash (VEC)
Token Distribution
The total supply of VEC is 18,000,000,000 which will be distributed as follows:
| Concept | Allocation % | Allocation Tokens | Vesting (Weeks) | TGE* % |
|---|---|---|---|---|
| Rewards Pool | 75% | 13,500,000,000 | 520 | 0.5% |
| Investors & Insiders | 8.5% | 1,530,000,000 | 0 | 100% |
| Treasury Fund | 10% | 1,800,000,000 | 208 | 2% |
| Team | 6.5% | 1,170,000,000 | 208 | 1% |
| Total | 100% | 18,000,000,000 | - | - |
- TGE stands for Token Generation Event
Monetary Policy
VECis an non-inflatable currency that will be usable in all the games in our network. The token can be earned through in game rewards, by participating in activities like mining and refining ores into minerals and alloys, and selling them in the game market.
VEC Token Distribution Over Time
The weekly vesting schedule should make the unlocked total grow at approximately the same rate as the in game economy.​
Rewards Pool
Total 75% of all VEC tokens will be allocated to reward players. Initially, these rewards will only apply to the first game available, Singularity. Over time as Redshift and Dominion are released, the rewards will be shared across all games which would make the token more scarce.
The TGE (Token Generation Event) for this category will instantly unlock 0.5% of the total amount of tokens allocated into it.
Investors & Insiders
Before the game is launched, we will host several sales and giveaways of in-game assets and NFTs. This will include VEC token sales and distributions to our early investors.
The TGE for this category is obviously 100%, all tokens will be instantly unlocked.
Treasury Fund
The purpose of the treasury fund is to grow the community and increase engagement. Initially, it will be managed by the team, but over time token holders will be able to vote on its evolution.
The TGE for this category is set to 2% of its total allocation.
Team
At Covr we are committed to the development of the game, the network, and the community, long term. The team allocation vesting schedule will be spread over approximately 4 years, with weekly unlocking.
The TGE for this category is set to 1% of its total token allocation.