💰Tokenomics

Verda City's tokenomics are structured to incentivize Verda Citizens according to their account's engagement and duration of participation. This approach ensures that users who are consistently active over time earn greater rewards. The token, $VERDA, has a total supply of 1.1 billion. Token holders maintain full control over their assets, allowing them to trade freely, enjoy exclusive benefits within the Verda City ecosystem.

User Mining:

50% of the $VERDA tokens will be distributed to our Verda Citizens. For tokens mined by existing users, 30% will be unlocked at TGE. After the token launch, 5% of the remaining locked tokens will be unlocked weekly.

Marketing:

This part of the allocation would be used to promote Verda City on various social media platforms, holding various types of incentive campaigns for our citizens. 5% of this part will be unlocked at TGE. The remaining 95% would go through a 1 month cliff. After that it will be linear vesting for 3 years.

Ecosystem:

The eco-component tokens will be used for project cooperation, eco-grants and various development programs within the eco-component. 5% of this part will be unlocked at TGE. The remaining 95% would go through a 1 month cliff. After that it will be linear vesting for 3 years.

Exchange & Liquidity:

This portion of the token will be used to provide liquidity on the exchange. 25% of this part will be unlocked at TGE. The remaining 75% will vest linearly over 3 years to ensure the MM account has sufficient liquidity.

Reserve:

The reserve tokens are set aside for future use, such as strategic developments or unexpected needs within the Verda City ecosystem. None of the reserve tokens will be unlocked at TGE. After a 1-month cliff, these tokens will be gradually released with linear vesting over a period of 5 years.

Strategy & Partnership:

This allocation will support strategic initiatives and partnerships that will help grow the Verda City ecosystem. To enable swift actions, 5% of these tokens will be unlocked at TGE. There is no cliff for this allocation, and the remaining 95% tokens will be vested monthly over 3 years.

Treasury:

Treasury tokens are reserved for long-term sustainability and growth of the Verda City project, ensuring that funds are available for future developments and unforeseen expenses. At TGE, 5% of the treasury tokens will be unlocked. The remaining tokens will have a 1-month cliff, followed by linear vesting over 5 years.

Team:

The tokens allocated to the team are designed to incentivize long-term commitment and alignment with the project's success. None of the team tokens will be unlocked at TGE. After a 1-month cliff, the tokens will be vested linearly over a 5-year period, ensuring that the team remains focused on the long-term goals of Verda City.