$VEMP Tokenomics
The $VEMP token is the native token for Horizon, serving as the gas fee token for transactions.
Fundamentals
Token Details
- Supply Cap: Fixed maximum supply of 500,000,000 tokens (immutable)
- Token Standard: ERC20 token on Arbitrum One
- Contract Address:
0xaF7E3F16D747e77E927dc94287f86eb95a64d83D - Circulating Supply: Approximately 295,000,000 tokens (as of 12/6/2024)
- View real-time supply data on Arbiscan
Getting $VEMP
- Purchase: Buy on Uniswap (Arbitrum One)
- Bridge: Transfer tokens between Arbitrum One and Horizon via our Official Bridge Portal
- Migration: Holding tokens on other networks? Visit our Token Migration guide
Always verify you're using official platforms (Uniswap, Bridge, Migration Portal) when handling $VEMP tokens.
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 |
|---|---|---|
| Ipsum Dolor | [address] | Consectetur adipiscing elit sed do eiusmod tempor |
| Sit Amet Contract | [address] | Ut enim ad minim veniam quis nostrud exercitation |
| Lorem Foundation | [address] | Duis aute irure dolor in reprehenderit voluptate |
| Tempor Unlock | [address] | Excepteur sint occaecat cupidatat non proident |
| Veniam Contract | [address] | Sed ut perspiciatis unde omnis iste natus error |
| Nostrud Contract | [address] | Nemo enim ipsam voluptatem quia voluptas sit |
| Exercitation Multisig | [address] | Neque porro quisquam est qui dolorem ipsum quia |
Utility
The $VEMP token serves multiple essential functions in the Horizon ecosystem:
-
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.