Tokenomics

Tokenomics (Token Economics) and Distribution

VXL token governance supports long-term project objectives and provides financial stability, making VXL attractive to the larger crypto market and communities. VXL tokens were distributed at launch across team members and liquidity pools with a focus on supporting investment, growth initiatives, and partnership formation, all while limiting the effects of volatility at launch caused by “whales”.

Token distribution took place as follows:

500M tokens total supply 13 percent team entry 13 percent foundational investors 14 percent pre-sales for community, collaborators, and influencers 3.5 percent marketing held in Gnosis 4/8 Multi-Signature wallet (see details below) 10 percent liquidity on added to ShibaSwap 46.5 percent liquidity held in Gnosis 4/8 Multi-Signature wallet (for future DEX, see below).

VXL team members and many holders voluntarily locked their token holdings for between 90–365 days, intending to bolster market confidence and maintain price stability while the token achieves wider market distribution.

View the status of each wallet lock at the following address: https://www.team.finance/view-coin/0x16CC8367055aE7e9157DBcB9d86Fd6CE82522b31?name=Voxel%20X%20Network&symbol=VXL

As the utility token for SuperKluster and the DEX, every transaction will bring added volume, increased holdings, and order book depth, key metrics for listings on larger exchanges.

Token Security

In keeping with the project’s commitment to transparency, operational security, and decentralization, VXL adopted the use of Gnosis Safe multi-signature (MultiSig) wallets for smart contract enhanced security.

Gnosis MultiSig wallets allow assignment of privileged roles to designated persons, preventing private key compromise and eliminating single points of failure. VXL’s 4/8 MultiSig wallets can only be opened when four of eight assigned team members vote to approve a transaction, and all transactions are recorded internally. VXL is able to designate specific beneficiaries for payment, set spending limits for specific assets, and create time windows within which transactions must take place. In the case of personnel turnover, MultiSig wallets also allow priveleged role transfer to new members.

View all transactions in the VXL liquidity on Gnosis safe on Etherscan here: Contract address: 0xCa978e7F14B6fB68dEb9f3f894cd34C2e3E3b074

Ready to trade

View VXL Certik Audit here.

View VXL RugScreen certificate here.

Token Availability:

VXL launched on ShibaSwap Wednesday, Dec. 8th, 2021 and is available to purchase and trade.