IFO (Initial Coin Offering)
Sale: 100,000 $VERSE
Price = $4.2
Market Cap: $630,000
Launch
Max Supply: 150,000 $VERSE
Price = $6
Market Cap: $900,000
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)
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
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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