VOUCH Token
What is the VOUCH token
VOUCH token is the Vouch protocol's future governance token, and gives power to the community in determining; 1) the path of the protocol 2) setting any configurable parameters. In addtion to governace rights, the VOUCH token seeks to capture value generated in the protocol and fuel growth of the ecosystem by:
- Funding additional Vouch Community Validators (which stream more PLS into the ecosystem)
- Bolster Liquidity of both vPLS and VOUCH token in various LP pools
- Provide a secondary PLS stream for the Vouch Ecosystem in the way of token fees.
Goals of the VOUCH token
- Allow Holders to Govern Protocol via a DAO (phase 3)
- Wide distribution to a solid community group
- Encourage involvement from Community Members
- Generate PLS for Community Validators and Protocol Growth
- Reward Participants with Staking Rewards (phase 3)
- Encourage Protocol use and adoption by:
- Helping onboard Validators by providing increased yield
- Incentive Align vPLS stakers, Validators, VOUCH holders and the Vouch Team.
Initial Supply Distribution
| Allocation | Percent | Notes |
|---|---|---|
| Liquidity Pool | 35% | Added to LP Pools |
| Validators | 0.6% | Airdropped |
| vPLS holders | 2% | Airdropped |
| NFT Holders | 10% | Airdropped |
| Team | 25% | Issued to Team Wallets |
| Vouch DAO Origin | 15% | Held in DAOs Account |
| DAO Treasury | 12.4% | Marketing, rewards & LP |
| TOTAL SUPPLY | 100% | 100,000,000,000 (capped) |
Basic VOUCH Token Dynamics
- Deflationary (no minting possible)
- Buy, Sell and Transfer Fees (variable)
- Token Buy-backs
- Token Burning
- Lockable LP
- ERC20 Token with Governance Interface (enabled in Phase 3)
Configurable VOUCH Token settings
| Token Setting | Value | Note |
|---|---|---|
| VOUCH Buy Fee | 5% | Configurable setting of 0-10% |
| VOUCH Sell Fee | 5% | Configurable setting of 0-10% |
| VOUCH TX Fee | True | When set Buy Fee applys to transfers |
| VOUCH TX Limit | 100% | percent of total supply (1hr after launch) |
| Swapback Threshold | 0.02% | VOUCH accumulated from Fees to trigger Swap Back. |
| Fee Exempt | 0xADDRESSES | Vouch Ecosystem related addresses are Exempt |
| TX Limit Exempt | 0xADDRESSES | Vouch Ecosystem related addresses are Exempt |
| Dividend Exempt | 0xADDRESSES | Vouch Ecosystem related addresses are Exempt |
To understand how VOUCH token interacts with the wider Vouch Ecosystem refer to the Vouch Ecosystem section.