> For the complete documentation index, see [llms.txt](https://traverse.gitbook.io/traverse/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://traverse.gitbook.io/traverse/tokenomics.md).

# Tokenomics

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

## IFO (Initial Coin Offering) <a href="#id-7f3a" id="id-7f3a"></a>

**Sale:** 100,000 $VERSE

**Price** = $4.2

**Market Cap:** $630,000

## Launch <a href="#id-7f3a" id="id-7f3a"></a>

**Max Supply:** 150,000 $VERSE

**Price** = $6

**Market Cap:** $900,000

## Distribution <a href="#id-7f3a" id="id-7f3a"></a>

* 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)

## Raised Funds Allocation <a href="#id-7f3a" id="id-7f3a"></a>

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

## Vesting <a href="#id-7f3a" id="id-7f3a"></a>

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.

![](https://2987611038-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fh8JtjljPQ41QBp9tNHjn%2Fuploads%2Foi21mHvK8c9ATO6t4eS6%2Fimage.png?alt=media\&token=83f56ad2-851b-476f-9e21-a608a2507565)