Tokenomics

VLCT is the native token of the Velocity ecosystem. VLCT acts as the utility and governance token, securing the Velocity network.

Security via Native Staking

VLCT token needs to be staked to secure the Velocity blockchain. VLCT is also used to pay the network transaction fees.

Users may set up a node or have their own validator node set up, where they will generate staking rewards while continuing to maintain the liquidity of the delegated tokens.

Staking is available on the Velocity blockchain. If you have VLCT tokens on Bitcoin, you must bridge them to the Velocity blockchain.

Follow the link below in order to become the validator of the network.

🌐RUN A NODE

Governance

VLCT stakers govern the network's treasury, which is funded by accruing fees from native app value propositions. You may explore them by following this link.

The VLCT staker community can vote and enact decisions funded by ecosystem revenue.

• Buy Backs

The community DAO of VLCT stakers can propose and vote to use ecosystem fees to buy back VLCT on a DEX.

• VLCT Burn

The community DAO of VLCT stakers can propose and vote to burn all or part of VLCT bought on a DEX.

• Staking Yield

The community DAO of VLCT stakers can propose and vote to use all or part of VLCT bought on a DEX for yield to stakers, LPs, or both.