$VEMP Tokenomics
The $VEMP token is the native token for Horizon. It serves as the gas fee token for transactions.
Fundamentals
Supply Cap
The token has a fixed maximum supply of 500,000,000 tokens. This cap is immutable and ensures scarcity.
Circulating Supply
As of 8/27/2024, the circulating supply of VEMP is approximately 295,000,000 tokens. For real-time data on the true circulating supply, which accounts for tokens in lockup and vesting contracts, visit our explorer.
Smart Contract
The VEMP token contract is deployed on Arbitrum One. You can view it on Arbiscan here.
Allocation & Distribution
| Allocation | Percentage | Token Amount | Distribution |
|---|---|---|---|
| Token Holders | 46% | 230,000,000 VEMP | Circulating |
| Node Emissions | 36% | 180,000,000 VEMP | 36 month linear vesting* |
| VEMP Foundation | 8% | 40,000,000 VEMP | Circulating |
| Team | 5% | 25,000,000 VEMP | 3 month cliff, 24 month linear vesting |
| Airdrop / Marketing / Partnerships | 5% | 25,000,000 VEMP | Circulating |
| Total | 100% | 500,000,000 VEMP | - |
*Node emission parameters adjustable via governance.
Notable Token Holding Addresses
| Purpose | Address | Description |
|---|---|---|
| Team Treasury (Multisig) | [address] | Ecosystem development funds managed by the VEMP team |
| Team Unlock Contract | [address] | Holds team tokens subject to vesting schedule |
| VEMP Foundation (Multisig) | [address] | Funds for gasless relayer and grant programs |
| Foundation Unlock Contract | [address] | Holds foundation tokens subject to vesting schedule |
| VEMP Swap Contract | [address] | 1:1 swap contract for token migration |
| VEMP Staking Contract | [address] | Holds tokens allocated for staking rewards |
| Temporary Holding Multisig | [address] | Holds tokens for upcoming system launches |
Utility
The $VEMP token is integral to the Horizon ecosystem, serving multiple essential functions:
-
Gas Fees and Network Security:
- Used to pay for transaction fees on the network, ensuring efficient processing and preventing spam.
-
Liquidity and Economic Incentives:
- Incentivizes users to provide liquidity to VEMP trading pairs, enhancing market depth and stability.
- Powers yield farming and staking programs, encouraging long-term token holding and network participation.
-
Governance and Network Evolution:
- Enables token holders to participate in decentralized governance decisions.
- Fuels a community-driven grant program for ecosystem development and innovation.