The VTX token will be used completely inside the Vortex Ecosystem. The use case of $VTX token will redefine the growth of the Vortex Platform:
- Governance Token for the Dapp
- Deflationary as revenue from the Dapp will be used to burn the tokens
- Ecosystem Discounts
- Liquidity Rewards
VTX token model has been carefully designed to facilitate the long-term growth of a strong and engaging ecosystem around our Dapp.
The initial circulating supply will be 10.62 Million Tokens. This means an initial market cap of 425,000$ USD based on public sale price.
However, The weighted average initial market cap is 324,250$ USD based on both round prices.
- Marketing & Reserve Tokens are 45% locked for 1 year+ as they will be used over a long period of time to increase the adoption of the Vortex Dapp, ensure liquidity over various DEX’s, facilitate successful partnerships, and conduct various user onboarding campaigns.
- Reward Reserves will be locked and will come into circulation over a period of 2.5 years to ensure that the community is adequately rewarded for participating in the Vortex Ecosystem.
- Team & Advisors have a cliff of 5 months until all investors are liquid, and then they gradually receive their tokens until the end of 2022 in order to ensure that the team is aligned towards the success of the project.
The Vortex team would like to thank our community for your tremendous support, and we commit to continue to develop this great ecosystem of DeFi. Don’t hesitate to reach out to us!
The more users that are onboarded, the more enormous will be the fruits of our labor for the VTX community.
Vortex official website: https://vortexdefi.com