TopicStarter: voxfinance –
|Registrar domain||NameCheap, Inc.|
|Domain reg * exp||2020-09-18 * 2021-09-18|
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.
✔️ INITIAL SUPPLY
An initial supply of 1250 VOX tokens is to be minted by the deployer. The majority of the initial supply will be locked into Uniswap along with a proposed amount of 20 ETH contributed by the community during a pre-sale event to provide initial liquidity. The presale token price is 1 ETH = 25 VOX (capped at 1.0 ETH per investor).
The remaining tokens (250 VOX) from the presale are to be distributed as follows:
100 VOX (8,0 % of the initial supply) will be put into the treasury.
100 VOX (8,0 % of the initial supply) will be put into the community & marketing fund.
50 VOX (4,0 % of the initial supply) will be transferred to the development fund, locked by a timelock contract for 30 days.
✔️ MINT RATE
After the presale, the token minting permission will be transferred to the master contract. The baseline amount of tokens to be minted per day is planned at 75 VOX distributed across all active pools.
After an initial 24 hours of fair mining period (to allow all early adopters to acquire liquidity pool tokens), the following five days of minting will yield an additional 2x multiplier applied to the base rate. After the bonus period is over, no additional multipliers will be set. Only the allocation points of the individual pools may be modified, if decided so by the community.
✔️ BURN RATE
An initial 2,0 % burn rate on every transfer will be deployed along with the minting contract. The burn rate can be changed by a community vote.
✔️ DEVELOPER RATE
An initial 4,0 % developer rate on every block will be deployed along with the minting contract. After the token has had time to grow and the community surrounding it becomes more mature, the developer rate could be changed by a community vote after the ownership of the master contract is transferred to a governance contract.
✔️ SUMMARY OF THE TOKENOMICS
Initial supply: 1250 VOX (80,0 % deposited in Uniswap, else split between treasury, community and marketing fund and the development fund.
Mint rate: cca. 75 VOX per day (0,0125 VOX per block), after an initial 24 hours of fair mining, a 2x bonus multiplier will be set for the following 5 days.
Burn rate: 2,0 % on every transfer
Developer rate: 4,0 % on every block
As per the tokenomics introduction, 100 VOX (8,0 % of the initial supply) will be put into the treasury. The function of the treasury is to provide future incentives to depositors in VOX vaults (both public vaults as well as vaults exclusive to POPULI owners). The assets will be secured on a separate wallet, owned by the multi-sig governance wallet. When VOX vaults will be launched later this year (ETA is mid-November) the funds of the treasury will be used to provide initial rewards for the strategies.
Profits generated by the vaults will have an estimated 0,45 % fee that will be distributed (allocation details will follow later) between the strategist (performance fee), the development fund and the treasury. Therefore it is foreseen that the treasury will be able to sustain itself after an initial launch period. Additional details about VOX vaults will be available after the start of November.
✔️ COMMUNITY & MARKETING FUND
As mentioned in the introduction of the whitepaper, 100 VOX (8,0 % of the initial supply) will be put into the community & marketing fund. The assets will be secured on a separate wallet, owned by the multi-sig governance wallet. The community and marketing fund will be used to provide incentives for community engagement. Community moderators, proposers and bug-finders will be rewarded with VOX from the fund. Additionally, marketing campaigns and grants will be funded from these assets. The community will be able to vote on how to distribute the marketing funds.
With the launch of the VOX ecosystem on 13th October 2020, a proposed 25,0 % (25 VOX) of the marketing fund will be used for an initial airdrop for early supporters of the token. Users following our Twitter and Discord accounts will be eligible to receive awards if they complete certain simple tasks to raise community awareness to our project. Please use the links above to find more information about the initial VOX airdrop.
✔️ DEVELOPMENT FUND
The development fund will hold an initial 50 VOX (4,0 % of the initial supply) that will be locked by a timelock contract for 30 days. The assets will be secured on a separate wallet, owned by the multi-sig governance wallet. Assets held by the fund will be released after 30 days and will be used to repay costs induced by the creation, development and maintenance of the VOX project. We are all full-time developers & employees and believe that monetary compensation is a valid form of providing motivation to team members so that may be rewarded for the hard work that will be put into this project.
THE PLAN AHEAD
12th October 2020: Presale launch
13th October 2020: Contract deployment
17th October 2020: Yield farming start
October 2020: Voting platform to incentivize POPULI holders
November 2020: Forum launch to bring in powerful community engagement
November 2020: Vault Strategies launch to maximize your profits
December 2020: Stablecoin swaps (zero-slippage trades)
December 2020: Stablecoin lending/borrowing platform
February 2020: Mobile platform for our entire ecosytem
Come join us now on https://discord.gg/c32KurP and https://twitter.com/RealVoxFinance to become a part of our story. Medium link: https://email@example.com/vox-finance-launch-vox-5c089b6b663e
Let your voice shape the future of decentralized finance! ⚡️
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