Vingt.io Governance Token (VGT)
Governance Token For Vingt.io Ecosystem
Smart contract details
VGT is a BEP-20 token with the following smart contract address:
0x47a8881141B78Aa4E5A39214e1e449969E520853
The Technical details of VGT are:
Symbol: VGT
Name: Vingt.io Governance Token
Decimals: 18
Total/Max Supply: 1,000,000,000
Non-mintable: New tokens cannot be created
DAO support: Supports on-chain voting
Utility
Vingt.io Governance Token (VGT) is the building block for decentralized management of Vingt.io Ecosystem. It possesses a hybrid nature and delivers utility through ecosystem protocols. Following are some use cases of VGT
Protocols Governance
Network Operations
Generating Rewards Through Staking
Eco-system Transactions
Tokenomics
Fund Raising
Pre-Seed
Fundraising: $130,000 USD
Status: 100% Complete
Token Pricing: 0.02 USD @ 20M valuation
Tokens distributed: 6,500,000 (0.65%)
No Minimum Investment, No Vesting, Retail Purchase
Seed Round
Fundraising: $600,000 USD
Status: In Process
Token Price: 0.008 USD @ 8M Valuation
Token To Be Distributed: 75,000,000 VGT (7.5%)
Ticket Size: Minimum $50,000 USD with 3 year Linear Vesting
Future Rounds
Token Distribution Auction (TDA) - 1st sept 2024
Strategic Sales (post launch)
VGT Token Vesting Schedule
| Allocation | Percentage | Tokens | Initial Unlock* | Cliff | Vesting** |
|---|---|---|---|---|---|
Pre-Sale | 0.65 % | 6.5M | 100 % | N/A | N/A |
Seed Round | 7.5 % | 75M | 5 % | 3 Months | 36 Months |
Ecosystem Development | 37 % | 370M | 2 % | 3 Months | 60 Months |
Marketing | 5 % | 50M | 2 % | 3 Months | 36 Months |
Token Distribution Auction (TDA) | 0.85 % | 8.5M | 100 % | N/A | N/A |
Founders, Team and Advisors | 22 % | 220M | 2 % | 3 Months | 48 Months |
Partnerships | 7 % | 70M | 2 % | 3 Months | 36 Months |
Community Incentives | 5 % | 50M | 2 % | 3 Months | 60 Months |
Strategic Reserves | 8 % | 80M | 2 % | 3 Months | 36 Months |
Treasury | 7 % | 70M | 2 % | 3 Months | 48 Months |
* The initial supply at the time of launch would be 3.695% (36.95M) ** VGT vesting schedule would begin after the launch on 1st Sept 2024 with a 3 Month Cliff
Terminologies
Seed Rounds: Reserved tokens allocated for early-stage fundraising and initial investors to support project development
Ecosystem Development: Tokens dedicated to fostering the growth and expansion of the project's ecosystem through initiatives such as grants, developer support, and ecosystem-building activities
Marketing: Tokens designated for marketing and promotional activities aimed at raising awareness, attracting users, and expanding the project's reach and adoption
Token Distribution Auction (TDA): A method used to allocate tokens in a decentralized manner through an auction process.
Initial Token Sale: Tokens allocated for the initial sale to the public or investors, typically at a set price, to raise funds and distribute tokens
Founders, Team Members, Advisors: Tokens allocated to the project's core team members, founders, and advisors for their contributions and involvement in project development and leadership
Partnerships: Tokens set aside for establishing strategic alliances and collaborations with other projects or organizations
Community Incentives: Tokens used to incentivize and reward community engagement, participation, and contributions to the project's ecosystem
Strategic Reserves: Reserved tokens allocated for strategic initiatives, including market support, acquisitions, contingency planning, and strategic sales post-launch, to ensure the project's long-term sustainability and growth
Treasury: Reserved tokens or funds managed by the project for operational expenses, development, liquidity support, and strategic investments to support the project's ongoing operations and growth
Graphical Token Distribution
A stacked area chart of the token vesting schedule is shown below. At the time of launch on DEXs for trading, the initial circulating supply would be 3.695% (36.96M) . This would be followed by a 3 month Cliff and 5 years Vesting for the complete release of 1 Billion VGT (100% supply).
Burning of VGT Tokens
The long term goal of vingt.io is to reduce the total supply and make a deflationary token economy. This would be done by creating revenue stream from different projects of vingt.io ecosystem, buying back tokens from the market and burning them.
A Periodic and permanent removal of VGT token from the Vingt.io ecosystem would be announced in detail at a later stage.
Price Speculation Disclaimer
The Vingt.io Governance Token (VGT) is designed and built as a multifaceted utility token that helps carry out various functions within the Vingt.io ecosystem, and is not meant to be an investment instrument to secure future profit, via either direct payment or appreciation, or speculatively traded on secondary markets. VGT Token purchasers are not invited to take part in a financial venture, but in a social and technological one. While we can’t control purchaser’s internal real expectations and intentions and value fluctuations (potentially subject to forces of supply and demand), we do not support, and rather we discourage, speculation of the VGT Token at any level. For more details see the Disclaimers section in this whitepaper.
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