$VULT
The purpose of the Vultisig Token
Vultisig fulfils four important purposes:
To raise capital to accelerate the product during its bootstrap phase
To buy users and AUM as quickly as possible using an Airdrop
To provide incentives to contributors to build the product
To allow anyone to support the adoption trajectory of the product
The Vultisig Token $VULT
100,000,000 starting supply
Tokens reserved for the WEWE-VULT merge on Base
Tokens allocated to an airdrop
Tokens allocated to investors
ERC20 with ERC777 extensions:
approveAndCall()and_beforeTransferHook()Ownable, but not mintable (to set launch params)
Burnable
Value Accrual
The Vultisig $VULT token will accrue direct USDC revenue to the user when staked, coming from the fees generated by Vultisig. The more swaps and bridging that happen in Vultisig, the higher the real yield will be.
This feature is yet to be implemented and the exact parameters are still under evaluation.
| Fee | Amount |
|---|---|
Swap Fees (Cross-chain and Token swaps) | 50 basis points |
Bridge Fees (Between EVMs and IBC) | 10 basis points |
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