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What is the issuance amount of Virtuals Protocol (VIRTUAL) coins?
The total issuance amount of Virtuals Protocol (VIRTUAL) coins is limited to 300 million, ensuring scarcity and protecting token value.
Dec 03, 2024 at 07:00 pm
- Virtuals Protocol (VIRTUAL) is a decentralized virtual machine (VM) platform that enables developers to build and deploy custom blockchains and decentralized applications (dApps).
- The total issuance amount of VIRTUAL coins is 300 million.
The distribution of VIRTUAL coins is as follows:
- Team: 15% (45 million VIRTUAL)
- Treasury (Ecosystem Fund): 20% (60 million VIRTUAL)
- Validators: 15% (45 million VIRTUAL)
- Token Sale: 35% (105 million VIRTUAL)
- Community Rewards: 15% (45 million VIRTUAL)
VIRTUAL is a utility token used for:
- Paying for transaction fees on the Virtual Protocol network
- Staking to participate in network validation and earn rewards
- Governance participation in platform decisions
- The limited issuance amount contributes to the scarcity and value of VIRTUAL coins.
- It prevents excessive coin issuance that could lead to inflation and reduce token value.
- The issuance amount and distribution of VIRTUAL coins are subject to change based on protocol updates or governance decisions.
- Interested parties are advised to consult official Virtuals Protocol documentation and announcements for the most up-to-date information on token issuance and distribution.
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