Velocore Dex & Liquidity Launch

Token launch for a DEX with -ve(3,3) vote-escrowed mechanics on ZkSync.

DETAILS

• Launch Details
  • Token will be listed on Velocore DEX
  • Token pair: VC/WETH
  • Listing price: TBA
  • Presale price: 0.0000229 VC/ETH
    • Presale held on Velocore
    • Vesting: 100% at launch
  • Private sale: 90 ETH raised in private sale (2 ETH max contribution)
    • Price: 0.0000207 VC/ETH (10% discount)
    • Vesting: 100% at launch
  • Initial market cap: unknown
  • Initial liquidity: unknown
  • dApp and emissions is scheduled to begin at launch

• Tokenomics
  • Token symbol: VC
  • Initial supply: 60,000,000
    • 7.25% — Private sale (100% TGE – price: 0.0000207 VC/ETH)
    • 32.75% — Public sale (100% TGE – price: 0.0000229 VC/ETH)
    • 22.5% — Ecosystem fund ($veVC locked)
    • 15% — Team
    • 15% — Liquidity
    • 7.5% — Ecosystem fund

• Mechanics & Features
  • DEX that combines the concepts of vote-escrow (Solidly) + (3,3) rebase (Olympus DAO) mechanics
  • 0.02% swap fee on stable pools, 0.25% on variable pools
  • Liquidity providers receive $VC emission rewards
  • $VC can be locked to receive $veVC (locked as veNFTs)
  • $veVC is the governance and vote-escrowed version of $VC
  • $veVC holders receive a share of protocol fees, bribes, rebases, and governance power
  • $veVC holders can vote weekly to decide which LPs receive $VC emissions
  • Users can lock their $VC tokens for up to 4 years – the longer the lock, the higher the voting power received
  • $veVC holders receive trading fees and bribes for the LPs they vote for – the pools with higher votes receive more $VC emissions
  • Weekly emissions start at 1.4M $VC (2.33% of the initial supply) and decay at 1% per week (epoch)