Victoria VR is the world’s first blockchain-powered virtual reality open metaverse with realistic graphics. To get more of an insight, you can read more about the project here.
The Tokenomics of Victoria VR have been designed to create a self-sustaining economy driven by The VR Token (VR).
As the central currency of the Victoria VR Metaverse, we will enable the creation of new business models and a new breed of digital entrepreneurs, with the VR Token used to buy and sell goods, from traders and creators.
With businesses establishing locations in Victoria VR to sell and promote their digital and real-world goods and services, Victoria VR World will be the place where people will come to work, learn, rest, shop and play.
As we want Victoria VR to be accessible to all, we have designed the Tokenomics so users can earn VR by simply taking part in the world. New and seasoned users are rewarded for their activities; whether it’s exploring and experiencing the world, completing quests or creating items and properties that further develop our new virtual world together.
These incentives will support the rapid adoption and growth of Victoria VR, keeping users engaged and attractive to entrepreneurs, businesses and advertisers, who want to be where their potential customers are.
The VR Tokens will be distributed in 3 main categories:
Golden Ticket VR Tokens (4.266B)
There are 4,266,305,084 (25.39%) Golden Ticket VR tokens. The Golden Ticket tokens will be made available to purchase through token sales events prior to the launch of the Victoria VR Metaverse. Any tokens that remain unsold will go to the VR’s Rewards Pool.
Users will be rewarded for staking their Golden Ticket Tokens for 12 months, with an impressive 20% APY guaranteed.
Community Presale Token holders will be the ONLY early stage investors that can use their staked tokens instantly for the purchase of VR Lands. No other presale investor can by VR Lands with vested tokens.
Community Presale Token holders will also be given priority over all other token holders for the purchase of VR Lands.
VR’s Rewards Pool (8.4B)
The VR’s Rewards Pool is where player rewards and staked tokens are stored for fair distribution.
Most of the VR Tokens will be locked in the VR’s Rewards Pool at launch. These tokens will be gradually unlocked and enter into circulation once Victoria VR World launches to reward user activity (78.5%) and staking (18.5%).
The VR’s Rewards Pool serves as a reward distributor for user’s activities (completing quests, playing minigames, exploring the world, creating, building etc). It’s a Play-2-Earn model, but the future vision is to grow this into a Live-2-Earn model.
The staking program featured in Victoria VR offers a solid 20% APY. Soon after the TGE, they are launching Dynamic Staking.
Furthermore, 50% from everything earned by Victoria VR for selling assets in-game goes back to the rewards pool, ensuring the rewards pool is bottomless and the motivating economy never-ending!
4,133,694,916 VR Tokens will be allocated to the continued growth and development of Victoria VR consisting of Marketing (437,694,916), Team tokens (1,848B) and Advisors (168m).
The team’s tokens will start to be released gradually three months after the launch of the Victoria VR World, and will be released every month for three years.
The remaining 1.68B (10%) of those tokens will be kept as a Strategic Reserve for future partnerships.
Victoria VR has a total token supply of 16.8B VR, with a distribution as follows:
Total Supply: 16.8B.
VR’s Rewards Pool: 8.4B (50%).
Golden Ticket VR Tokens: 4,266,305,084 (25.39%).
Team: 1.84B (11%)
Strategic Reserves: 1.68B (10%)
Advisors and Partners: 168M (1%)
Marketing: 437,694,916 (2.61%)
Initial Market Capitalization: <$2m
Token Release Schedule/Vesting
Seed — ($5,800,000) — 10% at TGE, 5 month cliff then linear release monthly for 36 months.
Strategic ($5,540,720) — 10% at TGE, 5 month cliff then linear release monthly for 36 months.
Community Presale ($2,125,000) — 25% unlocked at TGE unless voluntarily staked. 75% is automatically staked for 1 year from TGE (20% APY bonus), then linear release monthly for 12 months. These are the ONLY early stage investors that will be able to purchase VR Lands with their vested tokens. No other presale investor can buy VR Lands with vested tokens.
Main Sale ($105,000) — 50% at TGE, 4 month cliff then 50% in month 5.
Team — Nothing at TGE, 12 month cliff from TGE, then released linearly every month after launch of VR world for 3 years.
Advisors — 1 month cliff, linear release for 34 months.
Marketing — 2.32% at TGE and then linear release for 34 months.
Strategic Reserve — 10% at TGE, linear release for 34 months.
We are looking forward to our TGE and IDO and are grateful to all the support we have received from our angel investors and the community. Make sure to follow our social media for the latest updates.
About Victoria VR — www.victoriavr.com
Victoria VR is the first Blockchain-based MMORPG in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users.
The whole world is built to be a universal platform for all virtual realities, games, and decentralized applications, collectively creating a Metaverse — a shared virtual realm, the 3D internet.
In the Victoria VR World, there will be games, quests, never-ending adventure, virtual galleries, and The Big Market VR where you can exchange NFTs in 3D! In addition, users will be rewarded for each of their activities in the VR world.