A low supply farming token with sustainable emissions built on Algorand
To help spur activity and drive users to the launch of the GAiNiFY App, we’ve created Vertex.
Key Details
ASA ID: 2382703723
Supply: 5,000
Website: xvx.farm
Docs: gainify.gitbook.io/gainify/vertex/xvx
Vestige: Coming soon!
Allo: allo.info/asset/2382703723/token
Tokenomics
3,600 / 72% = Farm emissions @ ̶3̶0̶0̶/̶m̶o̶n̶t̶h̶ 150/month for one year
Note: 1,800 XVX tokens were burned to cut inflation in half
1,000 / 20% = Initial liquidity paired mostly with GAIN and some with ALGO. The GAIN-XVX LP will be vaulted for 12 months
400 / 8% = Team / promotional
Emissions
Vertex emissions will follow the GAiNiFY seasonal schedule, where farms and pools are provisioned on a monthly rotation. Each season, there will be 3–4 farms and 1–2 stake pools available to mine XVX. The farms and pools will have variable launch dates & durations.
With the delay between Vertex and G-App launch, this gives the market time to acquire XVX and provision LPs for it. As such, we’ll be releasing an updated farm & pool schedule that prioritizes XVX based liquidity. The initial farms & pools will run across the remainder of Season 7 & through Season 8 entirely.
Subsequent seasons will permanently incentivize XVX-ALGO to build liquidity for the pair.
Information
The XVX token is a key addition to the Gainify ecosystem. Some of the benefits it provides include:
- Enhances GAIN liquidity
- Attracts new users to the G-App
- Retains G-App users
- Offers major upside from the launch market cap of ~$5,000
- Creates transactions & activity within the Algorand DeFi ecosystem
When GAIN launched, one of our key goals was to stimulate activity within the Algorand ecosystem. XVX will continue to drive that mission, and give Algofam a fairly distributed ASA with locked liquidity at launch.
Over the next 12 months we will offer creative farms & pools that bring Vertex into circulation. While the distribution takes place, we’ll bring value to the XVX token in similar ways we have done with GAIN.
We invite you take part in the first mining period that opens with the G-App on November 16th, and look forward to integrating XVX into the Gainify ecosystem.
