Vince Tokenomics
Learn about the Vince Chain's native coin Vince or VCE, its distribution, and circulating supply
Last updated
Learn about the Vince Chain's native coin Vince or VCE, its distribution, and circulating supply
Last updated
Vince (VCE) will be highly inflationary at the beginning, with over 300 million VCE issued during the first year. 150 million will be minted at the start (primarily for delegations, development incentives, liquidity pool incentives, and initial liquidity creation).
Based on the tokenomics above, new VCE will be issued under an exponential decay algorithm. At this rate, inflation is decreased daily every year; i.e., 365 daily epochs and 365 daily rewards/decreases. The goal is to issue 1 billion Vince in four years.
Inflation is added with the current breakdown below, these can be changed via on-chain governance. The current inflation APR (%) is 133.34% as of 2/11/2023.
Staking_rewards
53.33%
Usage_incentives
33.33%
Community_pool
13.33%
Below is the representation of Vince's reward algorithm
At the moment, this is the current on-chain set variables for the above formula:
A
300000000
R
50%
C
9375000
Bonding_target
66%
Max_variance
0
Any changes made to these variables will be communicated via this documentation.
This reward algorithm makes the network deflationary in the long term. However, we predict Vince to have a maximum supply in the future. The community is free to propose alternative inflationary models after four years through governance proposals. The dev team will receive the next proposal by 2027. Also, if the Vince Chain community deem the rewards too low, they can propose new on-chain proposal through governance.
There will be a maximum of 100 validators, which will depend on the amount of VCE delegated to each validator. Also, this amount of validators will depend on the governance proposal modified over time.
