🪙Tokenomics

VMC is the main utility and governance token of the VM ecosystem.

Staking

Staked VMC receive three types of rewards:

• Escrowed VMC

• Multiplier Points

• ETH/AVAX Rewards

Everything related to Escrowed VMC and Multiplier Points can be found on the Rewards page.

30% of fees generated from swaps and leverage trading are converted to AVAX and distributed to staked VMC tokens.

Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.

To stake your VM Finance tokens: https://app.vmfinance.io/#/earn

Floor Price Fund

VMC token has a floor price fund in ETH and VMLP. It grows in two ways:

• VMC/ETH liquidity is provided and owned by the protocol, the fees from this trading pair will be converted to VMLP and deposited into the floor price fund

The floor price fund helps to ensure liquidity in VMLP and provide a reliable stream of ETH rewards for all staked VMC.

Supply

Total supply: 30,000,000

• Rewards: 40% of the supply allocated to staking rewards. More info on vesting periods can be found here : https://vmfinance.gitbook.io/docs/economy/rewards#vesting

• Pre sale: 24% of the supply allocated to early investors. Raised capital will help to fund liquidity for traders.

• VM Ships NFT: 12% of the supply allocated to staking VM Ships NFT. 1 VM Ships NFT emits 1 VMC token per day. Total supply will be vested in around 360 days. Raised capital will help to fund VMC liquidity.

• VMNFT Community: 10% of the supply allocated VMNFT Community. Airdrops will be done in batches.

• Marketing: 4% of the supply allocated for all marketing efforts.

• Team: 6% of the supply allocated to support our amazing team.

• Development: 4% of the supply allocated for further development. We intend to add Polygon in near future along with QOL updates.