The core of Vey’s tokenomics revolve around zero-fee transactions within the Vey platform, where Vey tokens (VEY) are rewarded for successful survey and microtask completions.
Vey tokens are required for survey and microtask creation. It provides survey and microtask creators with exclusive access to Vey’s participant pool, as well as property rights to data collected on the Vey platform (i.e. survey responses). While a survey or microtask campaign is active on the Vey platform, the tokens funding it will be placed into escrow, and unable to be withdrawn from the platform unless the campaign is cancelled.
For participants, the token (VEY) represents a reward for work on the Vey platform. Such work will largely consist of completing surveys and microtasks. Tokens earned on the Vey platform will be immediately transferred out of a creator’s escrow account, and into a participant’s platform wallet.
VEY is an ERC20 token, powered by the Ethereum blockchain. It has a total and max supply of 2 Billion VEY. Learn more about Vey’s circulating supply. Dividend payments, as well as other future features (i.e. affiliate marketing integration and task moderation) will be powered by smart contracts.
2019 will be an exciting year for Vey’s development, and the team can’t wait to bring the above token model to life as soon as possible. Please feel free to ask questions in our telegram community, or email support@vey.io. Thank you for reading, and stay tuned for Vey updates!
Sincerely,
The Vey Team
