Token Utility

The token that will become the lifeblood of the launchpad.

Staking

• In order to participate in allocations, users will be required to stake VPAD tokens which, depending on the staking period, give them a certain VPAD power.

  • Staking periods will range from 14 days to 5 years. These will act as amplifiers to the amount of VPAD staked - The longer the staking period, the higher the amplifier.

  • Allocations will be granted according to the pro-rata power weight of each potential participant compared to the total power staked. To prevent last minute manipulations, VPAD Power only updates once every 24 hours.

  • Exceptionally low VPAD Power individuals will be merged together and receive an allocation according to the accumulated Power. The allocation is then distributed based on a lottery system.

  • Unsold allocations are automatically purchased by VLaunch and resold at cost to thought leaders that commit to create content for the project.

  • Unstaking before the end of the staking period will be possible, subject to a voluntary platform fee, which will be stored in a DAO-controlled smart contract, to be utilized by the decentralized community in the future.

  • In order to increase token liquidity, liquidity provision (LP) tokens will also be stake-able. Due to the associated counterparty asset required to create LPs, the Power boost will be higher for LP stakers.

Governance

• As part of our goal to become fully decentralized and controlled by the community, VLaunch will gradually move to a DAO where the community votes on any and all aspects of the launchpad.

Anti-Sybil

• VPAD will also be required in order to protect the platform from sybil attacks in which attackers automate a set of actions, impersonating thousands or hundreds of thousands of real users, thus draining rewards. By requiring each participating user to stake a relatively low number of VPAD, it becomes economically inefficient to attempt to attack the system.