Tokenomics
In United Dogedom, the tokenomics of VOTE are designed to reflect both the value and the values of our community. With a cap of 332 million tokens - were mapped to the “greatest meme-making nation”, and Every Vote Matters - albeit at the right price.
The distribution of these tokens is carefully planned to sustain the ecosystem and reward those who contribute to its growth. A portion is reserved for the founders, recognising their role in establishing and nurturing United Dogedom. Another segment is allocated for operational expenses, ensuring the smooth running and development of the project. A significant portion is set aside for community engagement, including Superfan airdrops and incentives for content creation, fostering a vibrant and active community.
Token Distribution
- Founders (20%): This allocation is meant to align the founders with the long-term vision and success of United Dogedom.
- Operating Expenses (3%): Essential for the project's operational sustainability, covering everything from marketing to administration.
- Advisors (2%): Allocated for the strategists and experts guiding United Dogedom’s journey.
- Community Engagement & Influencers (5%): These tokens are earmarked for rewarding active community members and influential supporters, crucial for growing United Dogedom.
- Public Sale (70%): The largest portion, ensuring a decentralized and community-focused ecosystem.
$VOTE Burn
Let’s face it. Sometimes you have a great campaign going and no one turns up with $VOTE. We want to ensure that those who exercise their $VOTE are rewarded accordingly.
This is why we’re following up with the Plan to Burn 50% of the token supply after the initial Launch and sale period. We commit to burning weekly tokens in our supply, reducing the Max Supply to that good old 21 million Bit special.
In a strategic initiative to bolster the value and rarity of the $VOTE token, we have implemented a decisive token burn policy, designed to significantly decrease the total supply from an initial count of 332 million down to a target of 21 million tokens. Our approach commences with an aggressive initial burn, slashing the total supply by 50% down to 166 million tokens.
Subsequently, we sustain a consistent weekly burn of 1.5 million tokens. This steady and predictable reduction is carefully calculated to reach our target supply of 21 million tokens by week 100. The gradual decrease in supply through this burn mechanism not only reinforces the exclusivity of the $VOTE token but also instils a deflationary characteristic to its economy, progressively enhancing its potential value.
By meticulously managing the supply reduction, we aim to cultivate a robust and dynamic economic environment within the United Dogedom, elevating the $VOTE token to a coveted status in the digital asset realm.
