Meet the Velocore’s Overflow Farming Launchpad!
Overflow Farming Launchpad?
Similar to the overflow method in every other aspect, “The Overflow Farming Launchpad” has one crucial difference. In the traditional overflow method, early bird contributors could not be rewarded for taking on greater risks. Velocore has taken this into account and allocates bonus $VC tokens for each private and public presale pool. These bonus tokens are provided from our partner protocols / communities amount and are allocated in the same proportion as the total raise amount for each sale (100,000 $VC for the private presale pool and 500,000 $VC for the public presale pool). The allocated $VC tokens for each pool can be farmed as soon as the presale begins and will be distributed over a 24-hour period.
To summarize, the “Enhanced Overflow Method” ensures that every penny generates income until it is returned.
Rules for Participating in Launchpad
- Users must have ETH in their wallets to participate, as it will be the primary currency used for the fundraising event on Velocore.
- Contribute your ETH while keeping the total raised funds in mind, as the launches are based on the overflow method.
- Always DYOR (Do Your Own Research) before investing.
- You can participate in both private and public presales as long as you meet the conditions.
- The fundraising event will run for 24 hours each (private and public). Ensure you contribute within the time limit.
- This event is not FCFS (First Come, First Served), meaning you’ll have the full 24 hours to contribute your ETH, regardless of whether you contribute in the first hour or the last hour. However, the reward for overflow yield farming will be reduced.
- Any unspent ETH will be returned to you.
Private Presale Round
Private presale will be held for partners who have contributed to the development of our community, contributors, and Velcrew members who have obtained whitelist access through various events. Even though the private sale has a smaller allocation than the public sale, it will be offered at approximately 10% lower prices for those on the whitelist!
For inquiries regarding partnership opportunities or promoting Velocore to gain whitelist eligibility, please reach out through our official Discord channel.
Additionally, for our existing Velcrew members, whitelist giveaway events will be conducted through various methods, so stay tuned and keep an eye out for these opportunities.
Launchpad Date & Time
- Platform: https://app.velocore.xyz/launchpad
- Start of sale: 3rd April 2023 — 8pm UTC
- End of sale: 4th April 2023 — 8pm UTC
- Duration: 24 hours
- Format: Overflow
- Hard cap: 90 ETH (4,350,000 VC token | 7.25% of total initial supply)
- Price: 0.0000207 ETH per token
- Individual cap: 0.001 ETH — 2 ETH
- Overflow Farming Pool: 100,000 VC token
Public Presale Round
Unlike private presale, public presale does not have a maximum quota.
In the event that the soft cap is not reached, all remaining tokens will be burned.
Launchpad Date & Time
- Platform: https://app.velocore.xyz/launchpad
- Start of sale: 4th April 2023 — 9pm UTC
- End of sale: 5th April 2023 — 9pm UTC
- Duration: 24 hours
- Format: Overflow
- Hard cap: 450 ETH (19,650,000 VC token | 32.75% of total initial supply)
- Soft cap: 100 ETH
- Price: 0.0000229 ETH per token
- Individual cap: More than 0.001 ETH
- Overflow Farming Pool: 500,000 VC token
$VC Tokenomics
The initial supply of $VC is 60M.
At launch, veNFTs and tokens allocated to partner protocols / communities will be utilized to support and reward contributors in the Velocore and zkSync ecosystems. (e.g., POAP Airdrop Event, etc.)
For more detailed and specific information about our tokenomics, please refer to Velocore’s official docs.
Link: https://docs.velocore.xyz/tokenomics-and-emissions
Locked as NFTs (veNFTs)
Locked for 4 years in $veVC of various sizes.
- 13.5M for ecosystem fund for partner protocols / communities (22.5%)
- 9M for the protocol and the team (15%)
Initial Circulating Supply
- 24M for the presale (40%)
— 4.35M for the private presale (7.25%)
— 19.65M for the public presale (32.75%) - 4.5M for ecosystem fund for partner protocols / communities (7.5%)
ex) Airdrops for events, POAPs, roles and KOLs. Released step by step few days after launching.
$VC Locked for adding liquidity (LP tokens will be burned)
- 9M for initial liquidity and to deepen liquidity (15%)
Emissions
Weekly emissions start at 1.4M $VC (2.33% of the initial supply) and decay at 1% per week (epoch).
$veVC holders receive a rebase proportional to epoch LP emissions and the ratio of $veVC to $VC supply, thus reducing vote power dilution for $veVC!
The weekly rebase amount is calculated with the following formula:
(veVC.totalSupply ÷ VC.totalsupply)³ × 0.5 × Emissions
$veVC supply does not affect weekly LP emissions.
The official launch is swiftly approaching! ✨
Velocore is prepared to soar, striving to make zkSync the greatest roll-up ecosystem! 🚀
Resources
Website: https://velocore.xyz
Twitter: https://twitter.com/velocorexyz
Discord: https://discord.velocore.xyz/
Medium: https://medium.com/@velocorexyz
Official Telegram: https://t.me/velocorexyz
Official Docs: https://docs.velocore.xyz/
Be The Core, Velocore
