Tokenomics
$VYCO introduction:
$VYCO is VycoLend platform's governance Token name. All users who take part in VycoLend will receive some $VYCO tokens as rewards. $VYCO tokens will be operating on zkSync. $VYCO tokens are crucial for maintaining VycoLend operating systems, it is also the only credential for users to participate in verification projects.
Once the platform is stable, we plan to open up DAO (Decentralized Autonomous Organization) management model. Users will then be able to use $VYCO token to raise issues and to call for a vote to adjust interest rates and lending parameters or support more crypto coins etc.
Contract address: come soon
$BANK distributution:
Total
100 Million
loan mining
40 Million
40%
yield farming
20 Million
25%
Team
8 Million
8% (Vest for 1 year)
Investors and Advisors
15 Million
10% (Vest for 1 year)
IDO & Liquidity
10 Million
10% (Unlock at TGE)
Airdrop
2 Million
2% (50% unlock at TGE)
Partnership
5 Million
5%
50% of the platform revenue is put into the repurchase and destruction pool. When the market price is lower than the three-day average price, the smart contract will trigger the execution of the repurchase and destruction operation
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