🎛️Tokenomics

Token Utility

• Governance: VELAR token holders can participate in the decentralized governance of the protocol, voting on proposals and shaping the future direction of Velar.

• Staking: Users can stake their VELAR tokens to earn rewards, such as a portion of protocol fees and access to exclusive features like IDO participation.

• Fee Payment: VELAR tokens can be used to pay for transaction fees within the Velar ecosystem, providing a seamless and integrated experience for users.

• Access to Features: Holding VELAR tokens grants users access to certain features, such as priority access to launchpad, enhanced yield farming opportunities, and more.

Token Supply

The total supply of VELAR tokens is fixed at one billion (1,000,000,000) tokens. This fixed supply ensures scarcity and long-term value preservation for token holders.

Token Contract Addresses:

- ERC-20: 0x033BbDe722EA3Cdcec73cFFEA6581DF9F9C257de

- SIP-010: SP1Y5YSTAHZ88XYK1VPDH24GY0HPX5J4JECTMY4A1.velar-token

Token Distribution

The initial distribution of VELAR tokens is allocated as follows:

• Community Rewards: 35% of the total supply is allocated for community incentives, including liquidity mining, yield farming, and other rewards programs.

• Treasury: 20% of the tokens are allocated to the Velar treasury, which will be used to fund ongoing development, partnerships, and ecosystem growth initiatives.

• Founders and Team: 20% of the tokens are reserved for the founding team and core contributors, subject to a vesting schedule to align long-term interests.

• Investors and Advisors: 15% of the tokens are allocated to strategic investors and advisors who provide valuable support and guidance to the project.

• Airdrops and Partnerships: The remaining 10% of the tokens are set aside for airdrops, community incentives, and strategic partnerships to foster adoption and collaboration.