Tokenomics
Breakdown of funds allocations
Summary: Unlike many other memecoins, VINU is not re-issuable. This means that the total supply is fixed, and there will not be inflation.
The total supply of VINU at inception is 1 quadrillion (1,000,000,000,000,000). No more than this amount will ever exist. This means that there will be no worries about inflation pertaining to VINU.
Below, you will find VINU’s plan for distributing its supply of tokens. The purpose of providing this is for the sake of ensuring transparency in our operations.
As of 30 Aug 2022, the Core Team has come to an agreement that the following changes will be made immediately to VINU"s Initial Token Split. This is to ensure that we can continue to deliver the best outcome for VINU.
- 1.A reduction of 'Staking Rewards' from 100T to 50T VINU [-50T].
- 2.A reduction of 'VINO SBP Rewards' from 25T to 10T VINU [-15T].
- 3.An increase of 'Development' from 75T to 110T [+35T].
- 4.An increase of 'Marketing' from 75T to 105T [+30T].
The current distribution is now as follows:
- Decentralized Autonomous Organization (DAO) - 565T
- 100T Monthly Burns
- 105T Marketing
- 110T Development
- 250T DAO Reserves
- Public Distribution - 185T
- 100T Presale
- 25T Airdrops
- 10T VINO SBP Rewards
- 50T Staking Rewards
- Team Distribution - 250T
Detailed information about each category and sub-category may be found in the sectioninitial-token-split.
Over the past 9 months, the Development and Marketing wallets have been used to fund Vita Inu’s progress.
With the price of VINU now trending higher, the following assumptions can be made:
- 1.50T VINU is more than sufficient to allocate to staking rewards, and 100T looks like an over-allocation.
- 2.The VINO SBP awards 10B VINU daily to voters, which is 3.65T per year. 25T would take 7 years to deplete, whereas 10T takes 3 years to deplete which is a more reasonable timeframe. In addition, as the price of VINU rises the daily reward may need to reduce to stop the APY from getting too high (which would add more years to the calculation).
- 3.The 65T boost to VINU’s Development & Marketing treasury will allow the project to continue to thrive in the current environment and deliver on its roadmap prior to its transition into a DAO.
More details may be found at https://medium.com/@VitaInu/changes-to-the-initial-token-split-fbb763002133.
- 50% of the total supply of VINU will be reserved for its Decentralized Autonomous Organisation (DAO) component. Registered DAO members will be able to receive rewards for participating in the activities of the DAO. Details of the DAO, and how to register for it, will be made available soon.
- 25% of the total supply will be reserved as payment for the contribution of the project team members.
The largest portion of the total supply of VINU (50%) is reserved for the VINU Decentralized Autonomous Organisation (DAO).
- 100T is scheduled for monthly burns. This helps to maintain a stable value of VINU on the market.
- 75T will be used for marketing purposes. This includes paying for advertisements and other forms of publicity collaterals.
- 75T will be used for the growth and development of various aspects of the VINU project.
- 250T will be spent in accordance with the deliberations and votes of registered DAO members. Details on how to register for the DAO will be made available soon.
In line with the core philosophy of VINU – to have fun, make new friends, and learn about cryptocurrency – a significant portion of the total supply (25%) will be distributed to the public. Here are the details of the public distribution.
- 100T was sold during a pre-sale, at a discounted price ($0.000000001 / VINU). The pre-sale took place from 9 to 15 November 2021.
- 25T will be distributed through airdrops. These will be in the form of contests and games on VINU’s social media platforms – Discord (https://discord.com/invite/VitaInu), Telegram (https://www.t.me/VitaInu), and Twitter (https://twitter.com/VitaInuCoin). These funds are intended as rewards for those who participate actively in VINU community activities.
- 25T will be allocated as rewards for voting for the ViNo SBP (partnered with VINU). Vite holders who vote for the ViNo SBP are eligible to partake in this portion of funds, in addition to their daily Vite voting rewards.
- 100T will be reserved as staking rewards on VinuSwap, and in partnerships with reputable Centralized Exchanges.
25% of the total supply of VINU is allocated as payment to VINU project team members.
- 10% of the team distribution funds will be disbursed to team members on Day 1 of the project listing.
- 65% of the team distribution funds are allocated as monthly payments to team members, for their contributions to the VINU project.
- A final 25% of the team distribution funds are reserved as “bonus” for core team members at specific milestones (6th, 12th, 18th and 24th month marks)
Last modified 10mo ago