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Tokenomics

Note: No other minting will take place unless if voted & agreed by the DAO

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IFO (Initial Coin Offering)

Sale: 100,000 $VERSE

Price = $4.2

Market Cap: $630,000

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Launch

Max Supply: 150,000 $VERSE

Price = $6

Market Cap: $900,000

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Distribution

  • 66.66..% (100,000 $VERSE) Public Sale

  • 16.66..% (25,000 $VERSE) Liquidity

  • 16.66..% (25,000 $VERSE) Development Costs & Advertisement (Staked & Vested ~ 5 Months)

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Raised Funds Allocation

The $420,000 Funds raised from the IFO will be allocated to the following

Traverse: $290,000 (69%)

Lydia : $130,000 (31%)

  • $150,000 to Initiate Liquidity with the 25,000 $VERSE on VERSE-DAI & VERSE-AVAX

  • $130,000 LYD Buy Back & Burn

  • $80,000 for Development & Team Expansion

  • $60,000 Partnership & Advertisement

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Vesting

The Development Costs & Advertisement funds are not Time-locked through a contract. Instead, they are staked, wrapped & a linear 5 months vesting schedule is followed.

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