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

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?

Token Schedule