VinuChain Coin (VC)
7.1 Overview
The VinuChain Coin (VC) is both the governance and gas coin of the VinuChain Protocol.
VC is both inflationary and deflationary.
Inflationary: A VC reward is issued to Validators for each new block.
Deflationary: 30% of every gas fee (paid as VC) is burned.
7.2 Initial Distribution
At TGE, there will be 1,000,000,000 VC total supply, allocated as follows:
50% - Ecosystem Development (e.g. user rewards, developer grants, etc.)
25% - Project Development (e.g. marketing, developer costs, etc.)
9% - Foundation Allocation (i.e. Vinu Foundation)
10% - Private Allocation
5% - Public Allocation
1% - Airdrop
However, circulating supply at TGE will be 82,500,000 VC (8.25% of total supply).
VC will be unlocked slowly over time as per the following chart:
There is no maximum supply, as each new block issues a small amount of new VC to incentivise Validators to secure the network (which may be offset by the VC burned from every gas fee).
7.3 Gas Fees
The gas fees (denominated in VC) within each validated block on VinuChain are distributed as follows:
70% VC to Validators
30% VC Burned
Users who stake to receive feeless transactions receive their eligible gas costs back per epoch, via the Payback fee-refund system.
Implementation note — fee-refund timing. The original whitepaper described a 24-hour cash-back window. The live implementation uses the epoch-based Payback model: stakers accrue a refund quota each epoch (proportional to their share of total stake), and the refund is applied in-protocol as a feeRefund on the transaction receipt rather than from a separate pool. Refunds are suppressed when the EIP-1559 base fee is above its configured floor (congestion guard). See the Feeless Transactions page for current parameters (mainnet Quota proxy 0x1c4269fbbd4a8254f69383eef6af720bcd0acda6, minStake 10 VC).
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