Farming

Farming process:

We hear you and decided to add the farming process into VIPWarz tokenomic. Users can put their NFT card into the farm and get a passive income.

Emission of VVT tokens will be based on current circulation supply. Every 12 months Farm smart contract will update number of tokens available in farm for next year. For example circulation supply at time of farm start will be tokens sold on ICO+tokens in funds. In next years there will be added new farmed tokens and at same time part of tokens will be burned, so circulation supply will be different

In the first year new tokens equal to 10.7% of circulation supply will be minted as reward for NFT owners. Every two years the emission will decrease by 25% until reaching 2.5% after 12 years and will remain fixed after that point forever.

New minted tokens will be distributed to NFT owners via Farm contract:

• 51.3% (5.5% of circulation supply in first year) to VIP Legendary owners

• 37.3% (4% of circulation supply in first year) to VIP Standard owners

• 9.7%(1% of circulation supply in first year) to BlogPetz Owners

• 1.7%(0.2% of circulation supply in first year) to Bundle owners