Supply Metrics

What are the Token supply metrics?

Token Name: Verida Storage Credit Token (VDA)

Token Supply: 1,000,000,000

Supply: Fixed

Token Type: ERC-20 on Polygon PoS

What is the token supply distribution?

Here's a breakdown of the circulating $VDA supply after initial distribution has been completed.

Token Pool	Token Amt	% of Supply	Vesting Rules
Verida DAO	172,000,000	20.00%	Monthly over 4 years
Network Growth Rewards	200,000,000	20.00%	Monthly over 4 years
Community Reserve	200,000,000	15.40%	Monthly over 4 years
Storage Credits	25,000,000	3.50%	Monthly, 3 to 6 months
Project Development	199,000,000	20%	Monthly over 4 years
Token Launch	60,000,000	6.00%	Quarterly over 12 months
Foundational Supporters	144,000,000	15.10%	Monthly over 2 years

Verida DAO

To meet the operational expenses of the DAO for the purposes of a) moderating the community, b) community administration c) issuing grants d) educating the community and e) DAO operational overheads.

Storage Credits

Tokens for the public sale of storage credits to end Verida community users and node operators.

Network Growth Rewards

These tokens are allocated as ongoing rewards and airdrops to the community with the objective of driving adoption and network growth. These tokens emit monthly over five years.

Community Reserve

The remaining tokens to be held in capital reserves by the Verida Foundation. These tokens will be unallocated and emit over five years to the foundation. Any future use will be managed by DAO proposals.

Foundational Supporters

Early supporters and advisors of the Verida protocol who have acquired tokens through private agreements with Verida in token rounds taking place from 2021 to 2023. The tokens will vest linearly monthly over two years.

Token Launch

Liquid tokens will be used for the purposes of initial market making and liquidity provision. Although these tokens will be circulating, the liquidity strategy for these tokens is to maintain a neutral token balance overtime.

Project Development

The amount of tokens allocated to team members and other contributors to the initial development of Verida. These tokens vest monthly over five years. Any tokens not vested can be reclaimed by Verida and will return to the Community Reserve.