Token Locking Proposal
Very Banking proposal for token lockup and capital allocation.
Below is our recommended $VB lock up periods. It is subject to change before the official locking event which will occur this week. Official circulation will vary as many "available" token allocations will be re-vested into the ecosystem.
| Allocation | Amount | Description |
|---|---|---|
| Total Supply | 50,000,000,000 | 100% of VB tokens in existance |
| Development Total | 15,000,000,000 | Entire development allocation - 30% |
| Development Unlocked | 5,000,000,000 | Potentially relocked for OTC |
| Development Locked | 10,000,000,000 | Locked 1 year, proposal to extend lock |
| Marketing Total | 15,000,000,000 | Entire marketing allocation - 30% |
| Marketing Unlocked | 1,000,000,000 | Sold in small amounts over time |
| Marketing Locked | 14,000,000,000 | Locked 1 year, proposal to extend lock |
| Liquidity Total | 20,000,000,000 | Entire liqudity allocation - 20% |
| Liquidity Unlocked | 1,000,000,000 | DEX liquidity only / Not for Sale |
| Liquidity Locked | 0 | Liquidity will be adjusted dynamically |
| Incentives Total | 10,000,000,000 | Entire incentives allocation - 10% |
| Incentives Unlocked | 1,000,000,000 | Used to incentivise protocol usage |
| Incentives Locked | 9,000,000,000 | Locked 1 year, proposal to extend lock |
| Ambassadors Total | 3,000,000,000 | Entire ambassadors allocation - 3% |
| Ambassadors Unlocked | 1,000,000,000 | Vested & redistribution to promoters |
| Ambassadors Locked | 2,000,000,000 | Locked 1 year, proposal to extend lock |
| Community Total | 3,000,000,000 | Entire ambassadors allocation - 3% |
| Community Unlocked | 1,000,000,000 | Vested & redistribution to community |
| Community Locked | 2,000,000,000 | Locked 1 year, proposal to extend lock |
Keep in Mind
- Very Banking did no initial capital raise
- True circulation is a lot lower because essentially 90% of the development funds will likely be relocked for 2+ years
- We are doing large burn events at every ATH
- Valuation reflects the cost of building and securing mass adoption DeFi
- Community and ambassador tokens are all re-vested for the long term
Tokens will be time-locked using the following contract found on our GitHub:
GitHub - Very-Banking/timelock: Timelock for vested VB tokens
Timelock for vested VB tokens. Contribute to Very-Banking/timelock development by creating an account on GitHub.
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