VEND Token
Vendible is a cooperative network. Each member of the network must pledge to support the network. Members who stake VEND can take part in the governance of the network and increase their member rewards.
Vendible is a cooperative network. Each member of the network must pledge to support the network. Members who stake VEND can take part in the governance of the network and increase their member rewards.
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
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.
In a circular incentive model,
Vendible shares a percentage of revenue generated through its
operation with all members (whether they stake VEND or not). Members
who stake VEND earn a bonus percentage of this reward.
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. The revenue share eliminates the need to
inflate supply as stakers are rewarded with a mix of assets
including BTC, ETH, MATIC, ALGO, VEND, etc. This means staking does
not release additional supply into the ecosystem.
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.
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 or connecting to
applications. They can either participate when connecting their
new associated account or allow another member to stake on their
behalf. This is called the minimum committment and is our way of
measuring an entities weight on the network.
Vendible
adds VEND into each new member associated account. This minimum
committmet will become part of a staking/slashing mechanism in a
future anonymous repurtation system.
Members stake VEND
to take a more active role in governance and help secure the
network.
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.
Stakers receive a bonus in the revenue share
participation program.
A DAO Foundation will help
guide the DAO towards greater decentralization over time.
You can read more about our tokenomics here.
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