Token Economics // $VOX
Hello everyone!
Today, we’d like to discuss tokenomics with you. Specifically the economics of our native platform token, $VOX.
We’d like to bring you our vision of a truly balanced token distribution — one that promises an equilibrium of both inflation and deflation. We’d be glad to hear your feedback on it. Our community is our biggest value and we want each user to be a part of the decentralized finance platform of the future.
Remember, what we want to achieve is a platform where each individual can have the power to create, borrow, lend and earn money in a fair and decentralized manner.
🛤️ A SHORT LOOK BACK
Firstly, just a short look at our initial product launch and the initial token distribution, so we are completely transparent about how we started.
Minted at token creation: 1250 VOX
Initial liquidity: 20 ETH + 500 VOX
Community Fund: 100 VOX
Treasury: 100 VOX
Development Fund: 50 VOX (locked for 1 month)
This means we’ve only really distributed 1000 VOX tokens between the early supporters. Most of the initial investors have already sold off their tokens and our token allocation today is looking quite healthy.
🧩 TOKENOMICS
Initial emission rate: 0,0125 VOX / block
Initial burn rate: 2,0 % per every transfer*
Initial developer rate: 4,0 % of every block
*Transfers to/from master contract address are exempt from this to allow people to stake/unstake VOX tokens without losing out on burn amounts.
This means that in the first month of existence, approximately 1860 tokens will be minted. While this might mean that the total supply will more than double in the first month of existence, it is also paramount that VOX can be distributed between many users — we do not wish that only a few big wallets end up with sizeable amounts of our scarce token. We want each one of you to have a piece of the cake and with that also the right to participate in our governance model.
MINT — BURN RATE EQUILIBRIUM
Our end goal is to reach an equilibrium between the currently burned amount of tokens per day and the minted amount of tokens per day. This will require us to be closely monitoring the network activity and to make adjustments when necessary.
🍽️ CONCLUSION
So, to sum it all up — while our project might not have a max supply parameter built into the underlying smart contract, our emission schedule is designed to mimic exactly that functionality. We believe our model will always incentivize users to stake and provide liquidity, which not only benefits us, but the entire crypto community — each user using Uniswap pays a mining fee that is distributed to miners, and the miners distribute it to all exchanges that are interconnected in the blockchain space.
We believe that our model secures both the trust of early investors as well as every-day users. We will always be actively tracking our community and will always be pleased to hear your thoughts on our ideas and proposals.
We hope that you’ll follow us on our path to create the decentralized finance platform of tomorrow, where each individual can have the power to create, borrow, lend and earn money in a fair and decentralized manner.
We’ll shortly be following up with more exciting news of our governance model and our governance token — POPULI. We believe this is another real novelty for the yield-farming ecosystem.
Stay tuned!
“Vox Finance is a decentralized finance (DeFi) project developed by an independent team of developers, seeking to bring an innovative approach to the new emerging market by providing high-quality and profitable services while relying on the voice of the people to bring in community engagement to the underlying protocol.”
Social channels
Website:
— Ethereum platform: vox.finance
— Binance Smart Chain platform: bsc.vox.finance
— Polygon platform: polygon.vox.finance
Twitter: twitter.com/RealVoxFinance
Telegram:
— Chat group: t.me/VoxFinanceCommunity
— Announcement channel: t.me/VoxFinance
Email: hello@vox.finance
