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.

Token Pool
Token Amt
% of Supply
Vesting Rules

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

Date
Verida DAO
Network Growth Rewards
Community Res
Storage Credits
Project Development
Token Launch
Supporters
Total

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