📊VEP tokens

The initial supply is 50M VEP

Veplus implements a dual token model to manage governance and utility:

• veVEP as ERC-721 governance token

• VEP as BEP-20 utility token

Users can receive veVEP by locking VEP tokens at any time. The lock period can be up to 2 years, following the linear relationship shown below:

• 100 VEP locked for 2 years will become 100 veVEP

• 100 VEP locked for 1 years will become 50 veVEP

The longer the lock time, the higher the voting power and the more rewards users receive.

Vote to Earn Epoch 1 APR: https://app.veplus.io/vote

Initial Distribution

At launch, the initial supply is 50M VEP. We reserved and distributed VEP and veVEP to users and protocols that will contribute to our mission to become the liquidity base-layer of the BNB Chain as follow:

Veplus Tokenomics

Community

10M (20%) VEP and veVEP tokens will be distributed to people who are likeliest to contribute to Veplus and and the BNB Chain long-term success through airdrops:

1. Community airdrop on June 30th: 2M (4%) veVEP tokens

2. Retroactive airdrop on July 18th: 2.5M (5%) VEP tokens

Protocols

The airdrop of 10M (20%) veVEP is to attract and engage with top 20 protocols which are mostly to contribute to Veplus and the BNB Chain's long-term success. We will consider a number of metrics such as TVL, transaction volume, unique wallets and number of transactions.

Grants

We have reserved 9M (18%) veVEP to distribute to partner protocols after the launch. This will be used to engage partners in the BNB Chain's ecosystem through grants.

TreeNFT Minters

5M (10%) of the initial supply was allocated for TreeNFT minters. TreeNFT minters receive a mix of 50% VEP tokens and 50%veVEP NFT:

• 50% - veVEP locked for 2 years

• 50% - VEP tokens vested linearly over 8 weeks

Veplus Team

9M (18%) veVEP was allocated for Veplus team. Veplus team will lock 100% of tokens for 2 years and vote for VEP/USDT pairs in perpetuity.

BNB Chain Team

The BNB Chain team has a vested interest in ensuring that Veplus achieves its mission of serving as an ecosystem public good on the BNB Chain. 2.5M (5%) veVEP in the initial distribution was allocated for the BNB Chain team to support their vested interest.

Marketing

We have reserved 2.5M (5%) VEP tokens to distribute to users and partner protocols. This will be used to grow users and build liquidity with partner protocols in the BNB Chain's ecosystem.

Genesis Liquidity

2M (4%) VEP of the initial supply will be paired with USDT or WBNB to provide liquidity at launch.