Initial Supply
Breakdown of the initial supply
Initial Supply for the $vCVGX Token
Initial supply will be 500 vCVGX (will be sent out as locked tokens), and will be mainly divided amongst 6 parties.
Initial Supply Allocation: | Percentage |
---|---|
Team Allocation | 15% |
Ecosystem Grants | 20% |
Advisors | 10% |
zkEVM Team | 3% |
Airdrop for Users | 32% |
Airdrop for Protocols (veNFTs) | 20% |
Initial Supply for the Bonding Curve
The bonding curve will have virtual assets backing it, which are only useful for setting up the slippage & price impact when moving in and out the bonding curve.
In order to:
*Keep a price floor of 1 wETH for $CVGX
*Making sure that price moves up, therefore oCVGX is in the money
*And the slippage amount is tolerable
virtCVGX | virtCVGX |
---|---|
300 | 300 |
300 virtualCVGX will be matched up with 300 virtual wETH.
As discussed in "The Math Behind The Virtual Assets" page, virtual assets will not be needed in order to ensure the redemption of 1 CVGX per 1 wETH at the floor price.
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