VELORUM
Token Distribution
The total supply of VELORUM is 50,000,000 which will be distributed as follows:
| Concept | Allocation % | Allocation Tokens | Vesting (Weeks) | TGE* % |
|---|---|---|---|---|
| Player Rewards | 45% | 22,500,000 | 520 | 1% |
| Advisors | 10% | 5,000,000 | 208 | 5% |
| Private Sale | 10% | 5,000,000 | 0 | 100% |
| Covr | 35% | 17,500,000 | 208 | 5% |
| Total | 100% | 50,000,000 | - | - |
Monetary Policy
The VELORUM token is the governance token for the Covr DAO. It has a static maximum supply of 50 million.
VELORUM Token Distribution Over Time
Player Rewards
Total 45% of all VELORUM tokens will be allocated to reward players. These rewards will only be transferred during special Community Events.
The TGE (Token Generation Event) for this category will instantly unlock 1% of the total amount of tokens allocated into it.
Advisors
This category is meant to compensate our early advisors. We will update this document with a comprehensive list of advisors over time.
The TGE for this category is set to 5% of its total allocation.
Private Token Sale
Before the currency is launched in any exchange, we will host an initial private token sale event. Details of this sale are being worked out and will be released and available shortly.
The TGE for this category is obviously 100%, all tokens will be instantly unlocked at the time the sale ends.
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 a 5% instant unlocking at the TGE, and weekly vesting after that.