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The VELORUM token is the single form of governance for all the games in the Velorum Galaxy.

Token Distribution

The total supply of VELORUM is 50,000,000 which will be distributed as follows:

Concept Allocation % Allocation Tokens Vesting (Weeks) TGE* %
Player Rewards 45% 22,500,000 520 1%
Advisors 10% 5,000,000 208 5%
Private Sale 10% 5,000,000 0 100%
Covr 35% 17,500,000 208 5%
Total 100% 50,000,000 - -

Monetary Policy

The VELORUM token is the governance token for the Covr DAO. It has a static maximum supply of 50 million.

VELORUM Token Distribution Over Time
VELORUM Token Distribution Over Time

Player Rewards

Total 45% of all VELORUM tokens will be allocated to reward players. These rewards will only be transferred during special Community Events.

The TGE (Token Generation Event) for this category will instantly unlock 1% of the total amount of tokens allocated into it.

Advisors

This category is meant to compensate our early advisors. We will update this document with a comprehensive list of advisors over time.

The TGE for this category is set to 5% of its total allocation.

Private Token Sale

Before the currency is launched in any exchange, we will host an initial private token sale event. Details of this sale are being worked out and will be released and available shortly.

The TGE for this category is obviously 100%, all tokens will be instantly unlocked at the time the sale ends.

Team

At Covr we are committed to the development of the game, the network, and the community, long term. The team allocation vesting schedule will be spread over approximately 4 years, with a 5% instant unlocking at the TGE, and weekly vesting after that.