What is the issuance quantity of Victoria VR coins?

Victoria VR's issuance plan allocates 35% of its 1 billion VR coins to the Ecosystem Fund, ensuring long-term ecosystem growth and project development.

Dec 28, 2024 at 05:58 am

Key Points

• Issuance Quantity: 1 Billion VR

• Distribution Structure:

  • Ecosystem Fund: 35% (350 Million VR)
  • Community Development: 25% (250 Million VR)
  • Investor: 20% (200 Million VR)
  • Team: 10% (100 Million VR)
  • Advisor: 10% (100 Million VR)

• Token Allocation:

  • Ecosystem Fund: 50% (175 Million VR)
  • Community Development: 30% (75 Million VR)
  • Investor: 10% (20 Million VR)
  • Team: 5% (5 Million VR)
  • Advisor: 5% (5 Million VR)

• Token Vesting:

  • Ecosystem Fund: 6-month cliff, then 24-month vesting (50% per year)
  • Community Development: 3-month cliff, then 12-month vesting (50% per year)
  • Investor: 6-month cliff, then 18-month vesting (50% per year)
  • Team: 12-month cliff, then 24-month vesting (50% per year)
  • Advisor: 12-month cliff, then 12-month vesting (50% per year)

Issuance Quantity

Victoria VR has a total issuance quantity of 1 billion VR coins.

Distribution Structure

The distribution structure of VR coins is as follows:

• Ecosystem Fund: 35% (350 Million VR)
• Community Development: 25% (250 Million VR)
• Investor: 20% (200 Million VR)
• Team: 10% (100 Million VR)
• Advisor: 10% (100 Million VR)

Token Allocation

The allocated portions of VR coins within each category are as follows:

• Ecosystem Fund: 50% (175 Million VR) for long-term ecosystem growth and development of projects
• Community Development: 30% (75 Million VR) for community initiatives, rewards programs, and events
• Investor: 10% (20 Million VR) for early supporters and investors
• Team: 5% (5 Million VR) for team member compensation and benefits
• Advisor: 5% (5 Million VR) for guidance and support from experienced professionals

Token Vesting

To ensure the gradual and controlled release of VR coins into the market, a vesting schedule has been implemented for each distribution category:

• Ecosystem Fund: 6-month cliff, then 24-month vesting (50% per year) to maintain long-term stability of the ecosystem
• Community Development: 3-month cliff, then 12-month vesting (50% per year) to ensure ongoing community involvement
• Investor: 6-month cliff, then 18-month vesting (50% per year) for early investor commitment and support
• Team: 12-month cliff, then 24-month vesting (50% per year) to align incentives with long-term project goals
• Advisor: 12-month cliff, then 12-month vesting (50% per year) to reward ongoing advisory contributions

FAQs

Q: When are VR coins expected to be released?
A: The release schedule for VR coins will be announced closer to the launch date.

Q: How can I acquire VR coins?
A: VR coins will be available through public sales, exchanges, and decentralized platforms.

Q: What is the purpose of the Ecosystem Fund?
A: The Ecosystem Fund supports the development and sustainability of the Victoria VR ecosystem, enabling the growth of projects and initiatives within the network.

Q: How does the Community Development allocation benefit VR coin holders?
A: By supporting community initiatives, rewards, and events, the Community Development allocation fosters a sense of ownership and participation among VR coin holders, contributing to the project's longevity and success.

Q: What is the vesting period for team and advisor tokens?
A: Team members and advisors have extended vesting periods of 24 months and 12 months, respectively, to align their interests with the long-term trajectory of the project.