Vertus is a decentralized application on Telegram that allows access to next-generation features for cryptocurrencies. The application is next line for an upcoming airdrop of its native token $VERT. The official listing and airdrop of the $VERT tokens will take place on December 27, 2024.
Securing $VERT tokens at the early stage of the platform’s development is important for you as you can become part of a protocol aimed at securing the cryptocurrency market. The Vertus Foundation will also help you manage your private keys efficiently. The role and value of the $VERT tokens will be augmented in the future, with it becoming the foundation for every application on the Vertus platform.
What Are $VERT Tokens?
$VERT tokens are the basic tokens used for all transactions on the Vertus app. Built on the TON blockchain, the $VERT tokens are instrumental in providing fast. Secure and highly scalable transactions on the Vertus app.
The $VERT tokens are currently in the first phase of deployment. The major focus of this phase is the fair allocation of the $VERT tokens to all the active users of the Vertus app. Every active participant will get an equitable share of the tokens based on the level of their engagement. This phase promotes active user participation in the platform.
Here are the $VERT token utilities that you should keep in mind.
- Payment of fees: You can use $VERT tokens to pay the fees for the various services provided by the Vertus app.
- Voting in the system: The Vertus app will bring in voting mechanisms on the app like that in other proof-of-stake tokens. $VERT token holders will empowered to take part in the vital decision-making process of the Vertus platform. They will also be given a significant say over the platform’s future developments.
Main Phases Of Vertus App Development
Vertus app development and progress spans three main phases: mining, staking, and DeFi integration and expanded utility.
In the initial mining phase, you can use the Vertus App to earn VERT tokens through regular engagement and mining activities. A strong user base will be built for the platform with many wading their way to receive a share of the airdrops tokens.
In the second staking phase, the $VERT tokens miners can earn a fixed Annual Percentage Rate (APR) by staking the mined $VERT tokens. Such incentives will encourage the users to hold the $VERT tokens for the long term.
In the third phase, the $VERT tokens utility will be integrated into various deFi products of the platform. Thus the utility, security, transparency, and scalability of the Vertus app and the $VERT tokens will be expanded to accommodate the changing needs of the users.
$VERT Token Distribution
The total supply of 1.2 billion $VERT tokens is distributed in the following manner to facilitate various use cases.
- Airdrop: 55%
- Liquidity: 12%
- Marketing (including KOLs): 12%
- Team: 11%
- Partners: 10%
$VERT Airdrop Vesting Schedule
The vesting schedule of 55% of the total supply of $VERT tokens for the airdrop is designed in such a way as to ensure long-term commitment from the participants.
50% of the total number of $VERT tokens allocated to be airdropped will be distributed during the token generation event. Thus every participant gets access to half of the total $VERT tokens allotted to them through the airdrop at the time of the token launch.
For the next three months after the token generation event, 6.66% of the tokens will be distributed to the users every month. This ensures the continued participation of the users in the Vertus app.
After the initial three-month period, the Vertus app users will get 10% of their share of the airdrop tokens for each of the next three months. This extended vesting schedule ensures that the users continue their engagement on the Vertus app.
The Bottom Line: Should You Engage With The Vertus App To Receive The Airdrop?
The Verus app has made many calculated moves to improve the utility of the $VERT tokens and ensure sustained participation from the users. Its tokenomics and the vesting schedule of the airdrop tokens are testimonials of this fact.
$VERT tokens will be a profitable investment in the future. Therefore, you should engage with the Vertus app to augment your chances of receiving the $VERT airdrop and earn higher profits through staking.
