VIPWarz Whitepaper
  • Intro
    • Disclaimer
    • What is VIPWarz?
    • Why VIPWarz?
    • Roadmap
    • Team
  • Tokenomics
    • VIPSVERSE Token (VVT)
    • Farming
    • ICO
    • DAO Dev Fund
    • Marketing Fund
    • Other Funds
  • Gameplay
    • Characters
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  1. Tokenomics

VIPSVERSE Token (VVT)

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Last updated 2 years ago

VIPSVERSE Token(VVT) tokenomic

VIPSVERSE Token(VVT) is an ERC223 token used in a VIPWarz gaming process. Users can buy or sell inventory for it, pay for the training process, use it in paid games and receive farming rewards in VVT token.

VVT tokens will be initially minted on Callisto Network and next can be moved to Ethereum, Binance Smart Chain and other networks via bridge.

Initial Distribution

Initially 100M tokens will be minted and 76.92M will be available for sale on ICO. At the end of the ICO, X Million tokens will have been sold (X<=76.92M).

When the ICO is finished, an extra amount equal to:

  • 10% of X tokens will be allocated to the VIPSVERSE team (0.1*X tokens, 10% initially unlocked and 5% every quarter after 18 months)

  • 10% to the DAO Dev fund (0.1*X tokens,5% unlocked every quarter and spent based on community votes)

  • 5% marketing and listing fund (0.05*X tokens). Unlocked.

  • 3% Callisto Enterprise fund (0.03*X tokens, 10% initially unlocked and 5% every quarter after 18 months)

  • 2% Investors fund (0.02*X tokens, 10% initially unlocked and 5% every quarter after 18 months)

1.3*X VVT tokens will be in circulation right after the ICO end. All other tokens will be burned.

Annual emission

In the first year 10.7% new tokens 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

It’s expected VVT token to be deflation after 2 years.

Game Fees Distribution

Game bank will receive 1-10% of game fees based on winner card type, which will be distributed as follows:

Current stage:

  • 80% will be burned

  • 15% DAO Dev fund

  • 2.5% team reward

  • 2.5% marketing fund

Game 2nd stage:

  • 65% arena owner

  • 20% players bonus fund

  • 13% burn

  • 1% DAO Dev fund

  • 1% team reward