VIS Token
VIS token live on Base Chain
VIS Token Address
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 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 USD terms.
Allocation & Distribution
The team has allocated a total of 10,000,000 VIS tokens, founding team’s tokens start vesting from Q2 2024 with a 6 month cliff and 12 month linear vesting schedule.
A maximum of 5,000,000 VIS tokens is allocated to individuals or businesses providing advisory services. All advisors will have 5% of their initial total token allocation released each month following Envision Stock Pty Ltd receiving signed agreement until 100% of allocation is distributed.
15,000,000 VIS tokens will be deployed to liquidity pools, market makers and order books to support active trading markets. As the traded volume of VIS increases there is a potential scenario where the community provides additional liquidity on top of this allocation.
Key opinion leaders and business partnerships will vary, however, will be reciprocal in nature. A maximum of 15,000,000 VIS token can be used to incentivise and negotiate partnerships and will likely be negotiated with long term vesting schedules attached. As of 2024, only a small percentage has been allocated.
To assist with promotion and marketing of the Envision Labs platform and ecosystem in general, 10,000,000 VIS tokens are allocated. The marketing allocation will be used in a number ways including leveraging key opinion leaders, external agencies, PR, paid social media, etc. The marketing allocation is vested over 20 months with 5% of allocations being released each month starting in Q2 2024.
10,000,000 VIS tokens are available to assist with funding development including the Envision Labs platform, 3rd party integrations, White label solutions, etc. Depending 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. The development allocation is vested over 20 months with 5% of allocations being released each month commencing Q2 2024.
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 therefore 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. As and when possible the team will publicise any significant agreements that involve VIS tokens.