Token Supply
What are the Token supply metrics?
Token Name: Verida Storage Credit Token (VDA)
Token Supply: 1,000,000,000
Supply: Fixed
Token Type: ERC-20 on Polygon PoS
What is the token supply distribution?
Here's a breakdown of the circulating $VDA supply after initial distribution has been completed.
Verida DAO
200,000,000
20.00%
1 month cliff, monthly unlock over 48 months thereafter
Network Growth Rewards
200,000,000
20.00%
1 month cliff, monthly unlock over 48 months thereafter
Community Reserve
154,000,000
15.40%
1 month cliff, monthly unlock over 48 months thereafter
Storage Credits
35,000,000
3.50%
17% unlock at TGE, remainder unlock after 1 month
Project Development
200,000,000
20%
1 month cliff, monthly unlock over 48 months thereafter
Token Launch
60,000,000
6.00%
30% unlock at TGE, monthly unlock over 4 months thereafter
Foundational Supporters
151,000,000
15.10%
1 month cliff, monthly unlock over 24 months thereafter
Verida DAO
To meet the operational expenses of the DAO for the purposes of a) moderating the community, b) community administration c) issuing grants d) educating the community and e) DAO operational overheads.
Storage Credits
Tokens for the public sale of storage credits to end Verida community users and node operators.
Network Growth Rewards
These tokens are allocated as ongoing rewards and airdrops to the community with the objective of driving adoption and network growth. These tokens emit monthly over five years.
Community Reserve
The remaining tokens to be held in capital reserves by the Verida Foundation. These tokens will be unallocated and emit over five years to the foundation. Any future use will be managed by DAO proposals.
Foundational Supporters
Early supporters and advisors of the Verida protocol who have acquired tokens through private agreements with Verida in token rounds taking place from 2021 to 2023. The tokens will vest linearly monthly over two years.
Token Launch
Liquid tokens will be used for the purposes of initial market making and liquidity provision. Although these tokens will be circulating, the liquidity strategy for these tokens is to maintain a neutral token balance overtime.
Project Development
The amount of tokens allocated to team members and other contributors to the initial development of Verida. These tokens vest monthly over five years. Any tokens not vested can be reclaimed by Verida and will return to the Community Reserve.
What are the official Verida Token Contracts?
Vesting Contract
Main vesting contract that releases tokens to the various Verida token pools over the next 48 months.
Verida DAO
To meet the operational expenses of the DAO for the purposes of a) moderating the community, b) community administration c) issuing grants d) educating the community and e) DAO operational overheads
Network Growth Rewards
These tokens are allocated as ongoing rewards to the community with the objective of driving adoption and network growth. These tokens emit monthly over four years.
Community Reserve
The remaining tokens to be held in capital reserves by the Verida Foundation. These tokens will be unallocated and emit over four years to the foundation. Any future use will be managed by DAO proposals.
Storage Credits
Tokens for the public sale of storage credits to end Verida community users and node operators. These tokens are fully unlocked at TGE.
Token Launch
Liquid tokens will be used for the purposes of initial market making and liquidity provision. Although these tokens will be circulating, the liquidity strategy for these tokens is to maintain a neutral token balance overtime.
Token Schedule
16 May, 2024
0
0
0
5,250,000
0
18,000,000
0
23,250,000
16 Jun 2024
4,166,667
4,166,667
3,208,333
35,000,000
4,166,667
28,500,000
6,406,250
85,614,583
16 Jul 2024
8,333,333
8,333,333
6,416,667
35,000,000
8,333,333
39,000,000
12,812,500
118,229,167
16 Aug 2024
12,500,000
12,500,000
9,625,000
35,000,000
12,500,000
49,500,000
19,218,750
150,843,750
16 Sep 2024
16,666,667
16,666,667
12,833,333
35,000,000
16,666,667
60,000,000
25,625,000
183,458,333
16 Oct 2024
20,833,333
20,833,333
16,041,667
35,000,000
20,833,333
60,000,000
32,031,250
205,572,917
16 Nov 2024
25,000,000
25,000,000
19,250,000
35,000,000
25,000,000
60,000,000
38,437,500
227,687,500
16 Dec 2024
29,166,667
29,166,667
22,458,333
35,000,000
29,166,667
60,000,000
44,843,750
249,802,083
16 Jan 2025
33,333,333
33,333,333
25,666,667
35,000,000
33,333,333
60,000,000
51,250,000
271,916,667
16 Feb 2025
37,500,000
37,500,000
28,875,000
35,000,000
37,500,000
60,000,000
57,656,250
294,031,250
16 Mar 2025
41,666,667
41,666,667
32,083,333
35,000,000
41,666,667
60,000,000
64,062,500
316,145,833
16 Apr 2025
45,833,333
45,833,333
35,291,667
35,000,000
45,833,333
60,000,000
70,468,750
338,260,417
16 May 2025
50,000,000
50,000,000
38,500,000
35,000,000
50,000,000
60,000,000
76,875,000
360,375,000
16 Jun 2025
54,166,667
54,166,667
41,708,333
35,000,000
54,166,667
60,000,000
83,052,083
382,260,417
16 Jul 2025
58,333,333
58,333,333
44,916,667
35,000,000
58,333,333
60,000,000
89,229,167
404,145,833
16 Aug 2025
62,500,000
62,500,000
48,125,000
35,000,000
62,500,000
60,000,000
95,406,250
426,031,250
16 Sep 2025
66,666,667
66,666,667
51,333,333
35,000,000
66,666,667
60,000,000
101,583,333
447,916,667
16 Oct 2025
70,833,333
70,833,333
54,541,667
35,000,000
70,833,333
60,000,000
107,760,417
469,802,083
16 Nov 2025
75,000,000
75,000,000
57,750,000
35,000,000
75,000,000
60,000,000
113,937,500
491,687,500
16 Dec 2025
79,166,667
79,166,667
60,958,333
35,000,000
79,166,667
60,000,000
120,114,583
513,572,917
16 Jan 2026
83,333,333
83,333,333
64,166,667
35,000,000
83,333,333
60,000,000
126,291,667
535,458,333
16 Feb 2026
87,500,000
87,500,000
67,375,000
35,000,000
87,500,000
60,000,000
132,468,750
557,343,750
16 Mar 2026
91,666,667
91,666,667
70,583,333
35,000,000
91,666,667
60,000,000
138,645,833
579,229,167
16 Apr 2026
95,833,333
95,833,333
73,791,667
35,000,000
95,833,333
60,000,000
144,822,917
601,114,583
16 May 2026
100,000,000
100,000,000
77,000,000
35,000,000
100,000,000
60,000,000
151,000,000
623,000,000
16 Jun 2026
104,166,667
104,166,667
80,208,333
35,000,000
104,166,667
60,000,000
151,000,000
638,708,333
16 Jul 2026
108,333,333
108,333,333
83,416,667
35,000,000
108,333,333
60,000,000
151,000,000
654,416,667
16 Aug 2026
112,500,000
112,500,000
86,625,000
35,000,000
112,500,000
60,000,000
151,000,000
670,125,000
16 Sep 2026
116,666,667
116,666,667
89,833,333
35,000,000
116,666,667
60,000,000
151,000,000
685,833,333
16 Oct 2026
120,833,333
120,833,333
93,041,667
35,000,000
120,833,333
60,000,000
151,000,000
701,541,667
16 Nov 2026
125,000,000
125,000,000
96,250,000
35,000,000
125,000,000
60,000,000
151,000,000
717,250,000
16 Dec 2026
129,166,667
129,166,667
99,458,333
35,000,000
129,166,667
60,000,000
151,000,000
732,958,333
16 Jan 2027
133,333,333
133,333,333
102,666,667
35,000,000
133,333,333
60,000,000
151,000,000
748,666,667
16 Feb 2027
137,500,000
137,500,000
105,875,000
35,000,000
137,500,000
60,000,000
151,000,000
764,375,000
16 Mar 2027
141,666,667
141,666,667
109,083,333
35,000,000
141,666,667
60,000,000
151,000,000
780,083,333
16 Apr 2027
145,833,333
145,833,333
112,291,667
35,000,000
145,833,333
60,000,000
151,000,000
795,791,667
16 May 2027
150,000,000
150,000,000
115,500,000
35,000,000
150,000,000
60,000,000
151,000,000
811,500,000
16 Jun 2027
154,166,667
154,166,667
118,708,333
35,000,000
154,166,667
60,000,000
151,000,000
827,208,333
16 Jul 2027
158,333,333
158,333,333
121,916,667
35,000,000
158,333,333
60,000,000
151,000,000
842,916,667
16 Aug 2027
162,500,000
162,500,000
125,125,000
35,000,000
162,500,000
60,000,000
151,000,000
858,625,000
16 Sep 2027
166,666,667
166,666,667
128,333,333
35,000,000
166,666,667
60,000,000
151,000,000
874,333,333
16 Oct 2027
170,833,333
170,833,333
131,541,667
35,000,000
170,833,333
60,000,000
151,000,000
890,041,667
16 Nov 2027
175,000,000
175,000,000
134,750,000
35,000,000
175,000,000
60,000,000
151,000,000
905,750,000
16 Dec 2027
179,166,667
179,166,667
137,958,333
35,000,000
179,166,667
60,000,000
151,000,000
921,458,333
16 Jan 2028
183,333,333
183,333,333
141,166,667
35,000,000
183,333,333
60,000,000
151,000,000
937,166,667
16 Feb 2028
187,500,000
187,500,000
144,375,000
35,000,000
187,500,000
60,000,000
151,000,000
952,875,000
16 Mar 2028
191,666,667
191,666,667
147,583,333
35,000,000
191,666,667
60,000,000
151,000,000
968,583,333
16 Apr 2028
195,833,333
195,833,333
150,791,667
35,000,000
195,833,333
60,000,000
151,000,000
984,291,667
16 May 2028
200,000,000
200,000,000
154,000,000
35,000,000
200,000,000
60,000,000
151,000,000
1,000,000,000
Last updated