$VERSE Tokenomics

A key benefit of $VERSE is that it will accrue value from all parts of our ecosystem. The token will represent the value of our treasury above the $1 backing value on outstanding $ROCKET.

Since the treasury includes holdings of each project / planet in our ecosystem, there may be significant upside for $VERSE holders as projects are successful and increase in value.

In addition, a portion of revenue generated from our transaction fees and the metaverse will go towards buying back and burning $VERSE, creating a deflationary supply. We expect this will provide price support for $VERSE.

There is expected to be a maximum supply of 50,000,000 $VERSE tokens. The team and advisors will be allocated 30% or 10,500,000 of $VERSE (of which a sizable percentage will be for future hires), which will linearly vest over 1 year. The remaining 70% of tokens (30,500,000) will be sold in a public.

In terms of token allocation size, we expect needing a large team to execute on our vision, which includes key future team members to develop the metaverse. For this reason, a large allocation will be set aside to grow the team. Plus the team is taking no tokens or NFTs in Phase 1.

*Team and advisor tokens will vest linearly over 1 year. Allocation includes future team hires.