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  • What VEE is used for?
  • VEE Token Allocation
  • VEE Token Sale Rounds
  • VEE Token Emission Schedule

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  1. GOVERNANCE

Tokenomics

PreviousSupport NetworksNextWhitepaper

Last updated 3 years ago

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VEE, the native token of Vee Finance, was by nature designed to achieve full decentralization. The VEE token is an ERC20, Ethereum based token which serves as the connector of the Vee Finance protocol.

What VEE is used for?

  • Liquidity Mining

Miners will be qualified for a portion of the newly minded VEE if they contribute capital to the protocol. Time and value are the two keys in the VEE distribution calculation. The number of newly mined VEE will follow a profit allocation curve.

  • Governance

We are a strong believer in decentralized governance and that’s why we’ve designed a governance framework. VEE tokens are by nature to represent token holder’s voting rights. Each VEE token entitles token holders to one voting right. The framework ensured a prosperous, secure, and healthy community.

Community voting would include, but not limited to:

VEE Token Allocation

VEE will issue 10,000,000,000 tokens.

VEE Token Sale Rounds

Rounds

Price

Qty

Notional Raised

Fully Diluted Valuation

Seed

$ 0.002

1,000,000,000

$ 2,000,000

$ 20,000,000

Private Sale A

$ 0.005

500,000,000

$ 2,500,000

$ 50,000,000

Private Sale B

$ 0.007

400,000,000

$ 2,800,000

$ 70,000,000

Public Sale

$ 0.01

150,000,000

$ 1,500,000

$ 100,000,000

Total

N/A

2,050,000,000

$ 8,800,000

N/A

VEE Token Emission Schedule

  • Seed Sale - lock for 6 months after listing on major exchanges, and then monthly vesting for another 15 months

  • Private Sale A- lock for 3 months after listing on major exchanges, and then monthly vesting for another 15 months

  • Private Sale B- lock for 1 month after listing on major exchanges, and then monthly vesting for another 15 months

  • Public Sale - 100% unlock at day 0

  • Liquidity Mining on AVAX – 5% deflation per month within 48 months after Mainnet launch

  • Reserve – vested based on demand

  • Marketing - vested based on demand (35,000,000 unlock at day 0)

  • Advisors - lock for 6 months after listing on major exchanges, and then monthly vesting for another 48 months

  • Team - lock for 6 months after listing on major exchanges, and then monthly vesting for another 48 months