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Distribution
Initial VXG Distribution and Allocation
VXG Distribution
Team
Crowd Sale
DAO

Team Distribution

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The Founding Team Distribution will be on a 3-year linear vesting schedule. The unvested tokens will be transferred to the respective team member wallets but the smart contract will only allow those tokens to unlock for the individual on the vesting schedule. Using this structure, the DAO will not have to make multiple gas-costing transfers to team members and reduces attack risk.
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Founding Team Distribution tokens, while not transferable during the vesting schedule, are voteable during this time. As such, the VXG DAO Trust can start its work very early in the project timeline and rely on the governance leadership of the Founding Team to decline over time with token distribution. This means $VXG holders will have a clear roadmap on decentralization from the very beginning and not risk a perpetual β€œwe will decentralize to the DAO someday” story that never becomes real.
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Total Supply: 1,000,000,000 VXG
Team Allocation: 200,000,000 VXG
Team Percentage: 20%

Liquidity Bootstrapping Pool

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The main token issuance will be in the form of a Liquidity Bootstrapping Pool sale.
Due to regulatory reasons, there will be some geo-IP restrictions on participating in the LBP. To maximize community involvement, the LBP will likely be several months long with the goal of the LBP completing just a few days prior to Big Bang.
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Dutch Auction

Shortly prior to conducting the LBP, depending on community interest as expressed in the Discord, a small (less than $100,000) dutch auction may be conducted for a fraction of the LBP token allocation. This would be restricted to whitelisted accounts associated with significant community involvement pre-LBP. The proceeds from this dutch auction would be used to cover costs of the LBP and provide the initial seed funds to the LBP.
If a dutch auction is conducted, the clearing price would be strongly considered as the minimum LBP price to protect the value of the dutch auction participants’ tokens.
Total Supply: 1,000,000,000 VXG
Crowd Sale Allocation: 300,000,000 VXG
Crowd Sale Percentage: 30%

VXG DAO

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Total Supply: 1,000,000,000 VXG
VXG DAO Allocation: 500,000,000 VXG
VXG DAO Percentage: 50%
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** Managed pursuant to community governance with initial uses mentioned below
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