VEND Token

Vendible is a cooperative network. Each member of the network must as a pledge to support the network. Members who stake VEND can take part in the governance of the network and earn rewards.

Purpose

As a cooperative network where every participant is unique, Vendible strives to help create environments where people and businesses can flourish. Vendible will issue VEND, a utility and governance token that helps secure the network and rewards beneficial action to accomplish this.

Each participant on the network must stake VEND in proportion to their involvement with the network. Auditors or Vendible can slash a participant’s stake if they are a bad actor or abuse the system. Staking VEND happens during the creation and management of associated accounts.

Vendible believes it takes a tribe to compete successfully in today’s world. Vendible issues VEND to members through various published activities to incentivize support. Members will manage a portion of these rewards as part of participation in governance, and, ideally, the members will take full ownership of these functions over time.

As a people-first company, employment with Vendible includes a profit-sharing program. We are extending the distribution of profits to those members who wish to participate in governance.

A treasury collects a percentage of all transactions. These pools are available to members to distribute as dividends, investments, or special projects.

There are no inflationary mechanisms connected to staking the VEND token. As VEND has a fixed supply, inflation through staking is not sustainable over time.

1.2B VEND Distribution

  • Seed Round: 144,000,000 VEND; 5% available at TGE; 6 month cliff; linear 24 month vesting after cliff is reached
  • Private Round: 84,000,000 VEND; 10% available at TGE; 6 month cliff; linear 18 month vesting after cliff is reached
  • Advisors: 60,000,000 VEND; 0% released at TGE; 12 month cliff; 18 month vesting after cliff is reached
  • VEND DAO Foundation: 144,000,000 VEND; 0% available at TGE; Foundation formed after TGE
  • Vendilble Labs: 204,000,000 VEND; 0% available at TGE; VEND distributed as part of employee incentive programs and partnerships
  • Participation: 588,000,000 VEND; 5% available at TGE; Distributed according to published community enagement activities

Supply & Action

VEND is locked into every active associated account creating a deflationary action

These charts show the estimated total supply of VEND in the ecosystem. This chart does not represent amount available for exchange as much of this supply is locked in Trustible subscriptions and other applications which create associated accounts. Additional supply is held by members to participate in governance to direct the DAO treasury and receive rewards in digital assets such as BTC, ETH, ALGO, etc.

Purpose

Every participant in the network must stake VEND as a cooperative action to ensure long-term stability for Vendible. There are multiple entry points for staking.

Members stake VEND in Trustible when securing new private keys. They can either participate when connecting their new associated account or allow another member to stake on their behalf.

Vendible stakes VEND for each new core associated account in the Vendible wallet. Members stake VEND in the wallet for additional accounts or to take a more active role in governance.

Certified developers stake VEND when creating associated accounts to manage users on their platform.

Data storage providers stake VEND for each associated account whose data store accesses their pledged availability.

Members who stake VEND can opt into governance. VEND governance includes oversight of the Vendible treasury and future accountability programs.

The treasury grows from the operation of the Vendible networks and products. Due to the flexible payment systems inside Vendible, the treasury comprises many digital assets, including BTC, ETH,
ALGO, VEND, and more.

From the treasury, members have the freedom to make investments, issue rewards, incentives, grants, and commission projects for the good of the network.

A DAO Foundation will help guide the DAO towards greater decentralization over time.

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