Summary: Unlike many other memecoins, VINU is not re-issuable. This means that the total supply is fixed, and there will not be inflation.
The total supply of VINU at inception is 1 quadrillion (1,000,000,000,000,000). No more than this amount will ever exist. This means that there will be no worries about inflation pertaining to VINU.
Below, you will find VINU’s plan for distributing its supply of tokens. The purpose of providing this is for the sake of ensuring transparency in our operations.
50% of the total supply of VINU will be reserved for its Decentralized Autonomous Organisation (DAO) component. Registered DAO members will be able to receive rewards for participating in the activities of the DAO. Details of the DAO, and how to register for it, will be made available soon.
20% of the total supply reserved for the DAO is scheduled for monthly burns. This helps to maintain a stable value of VINU on the market.
15% of the DAO reserves will be used for marketing purposes. This includes paying for advertisements and other forms of publicity collaterals.
15% of the DAO reserves will be used for the growth and development of various aspects of the VINU project.
A final 50% of the DAO reserves will be spent in accordance with the deliberations and votes of registered DAO members. Details on how to register for the DAO will be made available soon.
Public Distribution - 25%
In line with the core philosophy of VINU – to have fun, make new friends, and learn about cryptocurrency – a significant portion of the total supply (25%) will be freely distributed to the public. Here are the details of the public distribution.
40% of public distribution funds were sold during a pre-sale, at a discounted price ($0.000000001 / VINU). The pre-sale took place from 9 to 15 November 2021.
10% of the public distribution funds will be allocated as rewards for voting for the ViNo SBP (partnered with VINU). Vite holders who vote for the ViNo SBP are eligible to partake in this portion of funds, in addition to their daily Vite voting rewards.
40% of the public distribution funds will be reserved as staking rewards on VinuSwap, and in partnerships with reputable Centralized Exchanges.
Team Distribution - 25%
25% of the total supply of VINU is allocated as payment to VINU project team members.
10% of the team distribution funds will be disbursed to team members on Day 1 of the project listing.
65% of the team distribution funds are allocated as monthly payments to team members, for their contributions to the VINU project.
A final 25% of the team distribution funds are reserved as “bonus” for core team members at specific milestones: