VEN Tokenomics

Initial Allocation

$VEN has an initial total supply of 1,000,000,000 tokens, with distribution and vesting schedule as follows:

• Rewards: 20%

• Customized Sale: 60%

• Team: 15%

• Liquidity: 5%

VEN Utility

The VEN token has the following three functions:

• Serves as the governance token for the Ventory protocol

• Used as rewards and discounts when using Ventory's features

• Applied to the staking feature to share revenue and gain priority access to launchpads

• Used to upgrade Ventorian NFT

How to buy VEN Token?

1. Overview

• Total Supply: 600,000,000 xVEN tokens

• Event Duration: Until all tokens are sold out

• Pre-Season Distribution: VEN token from Seasons 1 and 2 will be distributed at the beginning of the sale.

2. VEN Purchase Rules

To claim VEN, users must purchase using STRK.

Purchase Process

1️⃣ The user selects the amount of VEN they wish to purchase.

2️⃣ The user chooses a lock-up duration for their tokens.

3️⃣ The price of each VEN token is determined based on the lock-up period.

• Shorter lock-up period → Higher price

• Longer lock-up period → Lower price

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3. Pricing Mechanism

a. Conversion Formula

The price of VEN token is inversely proportional to the lock-up period:

\text{VEN_price} = \text{base_price} \times \left( 1 + \frac{1}{\text{lock_time (in months)}} \right) \times \text{discount_rate}

Base Price = Min FDV / Total Supply = $0.001 STRK

Example Calculations:

• Lock-up Period: 15 days → Price per xVEN = $0.001 * (1 + 1/0.5) = $0.003

• Lock-up Period: 12 months → Price per xVEN = $0.001 * (1 + 1/12) = $0.001083

b. Discount Rate

Users can receive discounts on their VEN purchases by referring friends.

Referral Discount Rules:

• 1 successful referral = The referred user connects their wallet through the referral link.

Discount Rates:

• 3 referrals: 5% discount

• 5 referrals: 10% discount

• 10 referrals: 20% discount

• 15 referrals: 25% discount

• 20 referrals: 30% discount