Tokenomics $VFA

What is VFox Alliance?

VFox Alliance is a NFT project consisting of VFox NFTs — unique digital characters living in VFoxia, a world powered by the VeChain blockchain. The project has two collections;

VFox Alliance (VFA) that minted on March 6th with a collection of 4,999 VFox NFTs.

VFox Alliance — Origins that minted on June 25th with a collection of 3,999 VFox NFTs.

Each VFox is a unique piece of art, programmatically generated on the basis of over 100 characteristics, which include their fur, weapons and other accessories.

$VFA Token introduction

In further development of the project the $VFA token is introduced. The main use case for this token is to bring utility in the VFox project and accross the VeChain NFT space.

Tokenomics

• Ticker: VFA
• Token blockchain: VeChain
• ICO Token Price: n.a.
• Total Tokens: 100,000,000

There will be no ICO for $VFA, the token can be earned by holding VFoxes of the Alliance and Origins collection. The generation rate of $VFA differs per rarity of the VFox and between the collection.
The Undead VFoxes have a special reward mechanism depending on the earnings of all other VFoxes owned by the owner of the Undead.

Base allocation

The to-be allocated amount of $VFA is set on yearly basis and based on this the generation per VFox can be determined. The distribution logic will be explained via a calculation example.

Below overview explains the base distribution for all VFoxes except for the Undead. These are explained in a separate paragraph. An important criteria in the distribution rules is that the Alliance has an higher earning yield than Origins, as being the OG collection.

Note that Alliance and Origins of respective 2.5M and 1.7M are excluding the icons, undeads, and clan leaders of the collections. These have a seperate distribution logic.

Icon & Clan Leader Distribution

The return of an icon or clan leader is straightforward. For example an icon in the Origins collection. 51% of 400k tokens are for Origin Icons, divide this by the # of icons in collections (=11) and the daily generation rate will be 50,8 $VFA per icon. Same ration and calculation logic is applicable for clan leaders.

Ranked VFox Distribution

The other VFoxes are a bit more complex to calculate as ranking determines a generation bonus. This is best to explain via a calculation example for a VFox of the Origins collection.

This table explains that a VFox with a rank range between 2000–2999 gets 23,85% of the 1.700.000 $VFA for yearly earning. This needs to be shared of course among the 1000 VFoxes belonging to this range, as a result earns 1.11 $VFA on daily basis.

Undead distribution

The Undead VFoxes have a more advanced distribution logic. The VFoxes earning rates is determining the generation rate for an Undead.

Each Undead earns 25% of the total daily $VFA generation of your other earnings.
Example: A holder earns 16 $VFA per day and has one Undead This Undead will generate an additional 4 $VFA. This holder has 20 $VFA per day.

The generation for Undeads are capped to prevent $VFA draining by large holders.
Capping rule 1: An Undead can at maximum earn 18 $VFA per day
Example: A holder earns 100 $VFA per day and has one Undead This Undead will generate an additional 18 $VFA. The total generation will be 118 $VFA per day.

Capping rule 2: An holder that reaches the cap will earn 50% of the cap for the second or more Undead the holder has.
Example: A holder earns 200 $VFA per day and has three Undeads. The first Undead will generate an additional 18 $VFA (the cap of the undead). The second and third Undead will generate the holder for each an additional 9 $VFA. The total generation will be 236 $VFA per day.

Daily distribution

Burning $VFA

There will be a burn mechanism activated in the tokenomics. For each transaction 1% of the $VFA will get burned. The only transactions where no burn is applied are transactions on a DEX. The burn is to create a more stable assset and get supply down over time.

Token Allocation

Liquidity pool $VFA

There is a liquidity pool setup against $VSEA. The initial supply ratio for the pool is 100 $VFA : 1 $VSEA.

Utility $VFA

The $VFA is far most a utility token. During launch there are already several uses cases thought on how owners can spend these. In future developments the token will be an integral part.

The concept is that any holder of VFoxes will earn enough $VFA to participate and spend it on the different use cases. This drives the VFox extension but also the fun of owning a VFox.

Gecko Charges

The Gecko collection is an airdropped collection to holders of VFoxes with an animal attribute. The Geckos will have different use cases, but important element are the charges a Gecko has.

🦎 T1 Gecko has three charges
🦎 T2 Gecko has two charges
🦎 T3 Gecko has one charge

Once one or more charges of a Gecko are used the holder needs to charge its Gecko again. This can only be done by paying $VFA.

Raffles

The VFox Team member Heyimstoned has developed a Raffle bot. This bot is best characterized as Raffle as a Service. Any member of a project, not admin only, can setup a NFT raffle. The organizer determines the rules by making selections like minimal amount of tickets, ticket price, duration, etc.. Once he or she sends the NFT to the Raffle wallet, the raffle will start. Particpants can send $VET in multiples of ticket amount to that wallet to get tickets. Once the raffle time experises and all conditions are met the NFT gets automatically send to winner and earning to the organizer.

This bot is free to use by any member of any project, for future usage it requires an amount of $VFA to start a raffle.

Honorary VFox

More to come….

Game: Cross the Bridge of Uncertainty

A brave VFox is on his way to find the long lost treasure hidden in VFoxia. This treasure is rumoured in many tales of the rich history of the VFoxes. The VFox final test is to pass the Bridge of Uncertainty. He needs to take ten steps without falling. But before he starts he needs help of his trusted Gecko partner. One charge to play the game! Does the VFox fall down he can call upon the power of his Gecko to bring him back to the bridge… At least if his Gecko has charges left, else the Gecko is also powerless. On crossing the bridge safely will grant a prize of eternal richdom!