Tokenomics Detail
Table of Contents
Introduction
Overview of VEME
Mission and Vision
Tokenomics Overview
Total Token Supply
Token Allocation Breakdown
Dynamic Rewards System
Stars as the In-App Currency
Earning Stars through Content Traction
Dynamic Star Distribution Model
Mathematical Modeling of Star Allocation
Conversion of Stars to VEME Tokens
Rewards Pool Replenishment
Replenishment via Fees
Targeted Inflation Mechanism
Mathematical Formulas and Examples
Main Utilities of VEME Tokens
NFT Minting and Trading with Token Burn
Staking VEME Tokens for Rewards and Token Burn
Governance Participation in the VEME DAO
Access to Exclusive Events and Features with Token Burn
Royalty Distribution from Meme Tokens
1. Introduction
Overview of VEME
VEME is an innovative platform dedicated to the creation, remixing, and sharing of video memes (VEMEs). It empowers creators and users by providing tools to produce original content and remix existing VEMEs, fostering a vibrant community centered around creativity and viral culture.
VEME will launch a token launchpad called ‘Meme Army’, where users can create and participate in meme token launches and “Earn In” by creating viral video memes.
Mission and Vision
Mission: To redefine the meme economy by tokenizing video memes, rewarding creators and remixers, and building a sustainable ecosystem that values creativity and engagement.
Vision: To become the leading platform for video memes, where users can collectively own and benefit from viral content, leveraging blockchain technology to create new economic opportunities.
2. Tokenomics Overview
Total Token Supply
Total VEME Token Supply (total): 30,000,000,000 VEME Tokens
Token Allocation Breakdown
Description
Total Tokens
% of Total Supply
Seed Sale
1,281,000,000
4.27%
Private Sale Tranche 1
1,176,470,588
3.92%
Private Sale Tranche 2
1,000,000,000
3.33%
Private Sale Tranche 3
800,000,000
2.67%
Private Sale Tranche 4
666,666,667
2.22%
Team
1,500,000,000
5.00%
Marketing
3,000,000,000
10.00%
Key Opinion Leaders (KOLs)
780,000,000
2.60%
Liquidity Pool
2,400,000,000
8.00%
Rewards Pool
9,000,000,000
30.00%
Ecosystem Development
6,000,000,000
20.00%
Advisors
1,200,000,000
4.00%
NFT Holder Airdrop
1,200,000,000
4.00%
3. Dynamic Rewards System
Stars as the In-App Currency
Stars are the primary in-app currency used for transactions within the VEME platform.
Users earn Stars based on the traction their content generates, incentivizing the creation of engaging and high-quality content.
Stars can be used for:
Purchasing in-app items
Boosting Reach for Vemes
Tipping Other Creators
Boosting Comments
Accessing premium features like AI generator.
Converting to VEME Tokens (outside the app).
Earning Stars through Content Traction
Users earn Stars based on the engagement metrics of their content:
Views
Likes
Shares
Remixes of Their Content
Dynamic Star Distribution Model
Challenges with Static Rewards
Static reward values may not reflect the changing dynamics of the platform as it grows.
To ensure fairness and sustainability, a dynamic rewards system adjusts based on platform-wide metrics.
Proportional Allocation of Stars
Total Stars Available per Period (S_total): A fixed number of Stars distributed each period (e.g., weekly).
User's Weighted Engagement Score (E_user): Calculated using weighted engagement metrics.
Total Platform Engagement (E_total): Sum of all users' weighted engagement scores.
Mathematical Modeling of Star Allocation
Weights for Engagement Metrics
Views (w_V): 1
Likes (w_L): 2
Shares (w_S): 3
V: Number of views.
L: Number of likes.
S: Number of shares.
R: Number of remixes.
Example Calculation
Assumptions:
Total Stars Available per Week (S_total): 1,000,000 Stars.
User A's Engagement Metrics:
Views: 500,000
Likes: 50,000
Shares: 5,000
Remixes: 1,000
Conversion of Stars to VEME Tokens
Conversion Rate (R_conv): Determined based on platform economics.
Example Conversion Rate: 100 Stars = 10 VEME Tokens.
Minimum Threshold: Users need to accumulate a minimum number of Stars (e.g., 1,000 Stars) to convert.
Tokens Awarded to User A:
4. Rewards Pool Replenishment
Replenishment via Fees
Fees Collected from Platform Activities:
Transaction fees.
Conversion fees.
Other platform fees.
Percentage Allocated to Rewards Pool (p_r): A portion (e.g., 50%) of fees is directed to the rewards pool.
Fees Allocated to Rewards Pool (F_t):
Ft=pr×ft
Targeted Inflation Mechanism
Purpose: To replenish the rewards pool when it falls below a certain threshold.
Controlled Inflation:
Maximum Inflation Rate per Period (\beta): Limits the number of new tokens minted.
Maximum Cumulative Inflation (I_{max}): Caps total inflation over time.
Mathematical Formulas and Examples
5. Main Utilities of VEME Tokens
1. NFT Minting and Trading with Token Burn
Utility: Users can mint their viral VEMEs as NFTs using VEME Tokens.
Token Burn Mechanism: A percentage of tokens used for minting is burned.
Benefit: Enhances content value and reduces token supply.
Example:
Minting Cost: 1,000 VEME Tokens.
Burn Rate: 2%.
Tokens Burned: 20 VEME Tokens per minting.
2. Staking VEME Tokens for Rewards and Token Burn
Utility: Users stake tokens to earn rewards and benefits.
Token Burn Mechanism: Penalties for early unstaking result in token burns.
Benefit: Encourages long-term holding and reduces token supply.
Example:
Staked Amount: 10,000 VEME Tokens.
Early Unstaking Penalty: 5%.
Tokens Burned: 500 VEME Tokens.
3. Governance Participation in the VEME DAO
Utility: Token holders can participate in platform governance.
Token Burn Mechanism: Proposals may include strategic token burns.
Benefit: Empowers the community and manages token supply.
4. Access and Participation in Launchpad through VEME Token Holding and Staking
Description:
Entry Requirements:
Users must hold or stake a certain amount of VEME Tokens to launch a token on the Meme Army Launchpad.
This creates a baseline commitment, ensuring participants are invested in the ecosystem.
Staking VEME Tokens for Enhanced Rewards:
Users can stake VEME Tokens to receive a multiplier on the rewards they earn from the VEME Pool (the 10% allocation from each meme token launch).
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