VPUNKS is a new NFT project on the vechain ecosystem. It is currently listed on vechains DEX Vexchange. VPU, the ecosystem utility and governance token of VPunks NFT & VPunks marketplace
VPU contract address:
54% of the VPU genesis supply is allocated to VPunks community members, 4.13% of total supply has already been distributed to VPunks minting airdrop
To start VPU spent 24% of total supply as initial liquidity pool
VPU Allocation
121 million VPU have been minted at genesis and will become accessible over the course of three years. The initial three year allocation is as follows:
54.00% to VPunks community members 65,340,000 VPU
24.00% to Initial liquidity pool 29,040,000 VPU
21.00% to team members and future employees with 3-year vesting 25,410,000 VPU
1.00% to community management team with 3-year vesting 1,210,000 VPU
54.00% to VPunks community members are allocated as follows:
22.00% to liquidity mining rewards 26,620,000 VPU
18.00% to staking rewards 21,780,000 VPU
~9.87% to Games, Challenges, Bonus with 3-year vesting 11,940,000 VPU
~4.13% to VPunks minting airdrop 5,000,000 VPU
A perpetual inflation rate of 2% per year will start after 3 years, ensuring continued participation and contribution to VPunks at the expense of passive VPU holders. Community Treasury
With ~4.13% of tokens already available to be claimed by users who have minted VPunks, the governance treasury will retain ~49.87% [60,340,000 VPU] of VPU supply to distribute on liquidity mining, staking, and other programs.
Product development team and community management team VPU allocations will have tokens locked up on an identical schedule.
VPU use case
User will be able to lock up their tokens to VPunks and receive reward.
VPU staking acts as an incentive for holding VPU and supporting the ecosystem. Stakers receive VPU. Stakers will eventually direct usage of The Community Treasury.
Stakers receive permission to add accessories to their VPunks
Liquidity Mining
The initial liquidity mining program will work after the initial liquidity pool is launched:
These VPU are not subject to vesting or lock up.
VPU will be accepted as currency within the VPunks marketplace. VPU may also be used to determine eligibility for participation in certain sales/auctions conducted by the VPunks team.
VPunks continues to evolve alongside the blockchain gaming industry to offer you a diverse range of game modes, such as PVP auto-battle tournaments you can play in your browser and participate in P2E battles. This is just the beginning.
At the end of 2021 the community governance features will be available, users can use their VPU to vote for new features.