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

virtCVGXvirtCVGX

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.

Last updated