VIS is ENVISION’s fungible ERC20 cryptocurrency utility token to be used within the ENVISION ecosystem.
VIS tokens are the exclusive form of payment on the ENVISION marketplace where consumers exchange VIS tokens for the NFT associated to a piece of stock media directly with the content creator.
VIS tokens are also used to distribute rewards, fund the platform and incentivise platform participants/token holders.
The content creator will have complete control over the price of content in FIAT terms (USD), however, content price is displayed and settled in VIS. The number of VIS tokens needed to purchase content will fluctuate as its relative strength against USD changes. As adoption increases and VIS's relative value against USD, HODLers who pre purchase and HODL VIS tokens will be rewarded with decreasing the cost of content in FIAT terms.
The VIS token has three key features
- 0.2% of all VIS transactions are burnt, assisting the stability of VIS
- 0.5% of all VIS transactions are sent into locked liquidity pool, reducing circulating supply and increasing liquidity as adoption increases
- Fixed maximum supply, 100% of tokens are minted with no additional supply being created
Allocation & Distribution
23,000,000 VIS was sold in a closed pre-seed round with circa 50 participants where the max allocation was 500,000 VIS tokens to avoid potential negative price impacts from large token holders. Pre-seed participants will have 5% of their initial total token allocation released each month following completion of the public sale, until 100% of allocation distributed.
7,000,000 VIS was sold in the seed round. Seed participants will have 5% of their initial total token allocation released each month following completion of the public sale, until 100% of allocation distributed.
50,000,000 VIS is available for purchase in public presale at an average of 12.5 VIS per 1 USD ($0.125) with each participant limited to a max value of 20,000 USD. Public sale participants will have three vesting options, 100 days, 50 days and no vesting, each vesting option comes with varying prices.
The team is allocated a total of 30,000,000 VIS tokens which starting from month 6 after the public sale tokens will release at 5% of their initial total token allocation released each month until 100% of allocation distributed.
The foundation reserve of 10,000,000 will be released at 10% per month beginning from month 20. This reserve of tokens will fund a range of operations as the team see fit, development, marketing, hosting content, BD, etc. Dependent on liquidity headroom and platform performance at the time of unlocking the foundation reserve may not be needed in which case tokens will remain under control of the team.
All advisors will have 5% of their initial total token allocation released each month following Envision Stock Pty Ltd receiving signed agreement or VIS listing whichever comes last until 100% of allocation distributed.
7,000,000 VIS tokens will be allocated to rewards which the team expect to last in excess of 10 years at which point the need for rewards will be negligible.
The remaining allocation of 50,000,000 VIS will be locked for 24 months at which point the team will make a decision on what these tokens are used for. The team will consider either burning or distributing for rewards dependant on tokenomics at that point in time.
The above vesting schedules are only applied to allocations that have been associated to an individual or businesses, i.e to date only 50% of the team tokens have an allocation and therefor will be released in accordance with the above, the remaining 50% will sit in the teams treasury until its allocated to a new team member. Therefore the circulating supply will grow much slower than is suggested above.