STAKING WITH FERRUM

We are excited to announce the launch of VVT staking. This is more than your average staking program. This is the first round of VIP staking, which will whitelist your wallet for rewards on the VersoView platform at launch.

We’ll explain more below, but first, let’s guide you through staking APYs (Annual Percentage Yield):

The term ‘APY’ (Annual Percentage Yield) indicates the rewards that you would receive for a staking duration of one complete year.

To calculate the amount of rewards (paid in VVT) that you will receive at the end of the staking period, two factors are considered:

  • Staking duration
  • The APY

We have prepared some helpful examples to show how we made the calculations and what users can expect in terms of rewards.

STAKE NOW

BRONZE STAKING
60 days
maturity
period
20%
and more
annualized
POOL SIZE
1,000,000 VVT
SILVER STAKING
90 days
maturity
period
50%
and more
annualized
POOL SIZE
3,000,000 VVT
GOLD STAKING
150 days
maturity
period
70%
and more
annualized
POOL SIZE
UNLIMITED VVT

THE STRUCTURES

Bronze Pool

APY at full maturity
Full maturity
Early withdrawal
Early withdrawal rewards
Minimum amount staked
Staking open for
Pool size

 

20%
60 days
30 days
12%
10,000 VVT
7 days
1 Million VVT

Silver Pool

APY at full maturity
Full maturity
Early withdrawal
Early withdrawal rewards
Minimum amount staked
Staking open for
Pool size

 

50%
90 days
30 days
20%
100,000 VVT
7 days
3 Million VVT

Gold Pool

APY at full maturity
Full maturity
Early withdrawal
Early withdrawal rewards
Minimum amount staked
Staking open for
Pool size

 

70%
150 days
30 days
0%
500,000 VVT
7 days
Unlimited VVT

THE STRUCTURE EXAMPLES

Example 1
10,000 VVT staked in the Bronze Pool for 60 days

  • The APY is 20%. For purposes of this calculation, 20% of 10,000 = 2,000 VVT
  • Bronze pool’s duration is 60 days, therefore the APY for the staking period is: (60/360) x 2000 = 333 VVT
  • This means that if you stake until full maturity (60 days); you will get your initial 10k VVT back, and you will receive 333 VVT in rewards.

Example 2
100,000 VVT staked in the Silver Pool for 90 days

  • The APY is 50%. For purposes of this calculation, 50% of 100,000 = 50,000 VVT
  • Silver pool’s duration is 90 days, therefore the APY for the staking period is: (90/360) x 50,000 = 12,500 VVT
  • This means that if you stake until full maturity (90 days); you will get your initial 100k VVT back, and you will receive 12,500 VVT in rewards.

Example 3
500,000 VVT staked in the Gold Pool for 150 days

  • The APY is 70%. For purposes of this calculation, 70% of 500,000 = 350,000 VVT
  • Gold pool’s duration is 150 days, therefore the APY for the staking period is: (150/360) x 350,000 = 145,833 VVT
  • This means that if you stake until full maturity (150 days); you will get your initial 500k VVT back, and you will receive 145,833 VVT in rewards.

For those wondering why APY in Bronze Pool is lower than the other pools, this is simply because tokens staked there are locked for a shorter period of time

STAKING IN DETAIL

Flexible Early withdrawal
You have the option to withdraw early, stake until full maturity, or withdraw somewhere in between.

However, leaving early comes at a cost: those who leave early will forfeit some of their rewards, which will then be equally distributed among those who staked until the end.

It is strategic; if others unstake early, those who stake until the full maturity date get a share of the ‘unstakers’ rewards. Patience is rewarded.

Limited Time Period
There is only a limited time period in which to contribute to the staking pools (7 days or until the pool is full), the pools themselves are limited in size; so first come, first served.

Staking Structures
We have put together an excellent staking structure that is both rewarding and sustainable, with three (3) different pools, representing different time lengths and APYs. With this varied structure, there is truly something for everyone. Note that stakers may stake in more than one pool at the same time.

AND MUCH MORE...

What’s Next
We will release a tutorial explaining how to stake through our web-based staking portal.

Finally, we will announce the date/time the staking opens and begin the countdown!

This is where staking normally ends, for all of you staking in this VIP round, it’s just the beginning.

For everyone staking in this first VIP round, your staking address will be whitelisted for additional rewards – from discounts, to exclusive access and upgrades – on the public launch of the VersoView platform.

Below we give you a flavor of what’s to come, the full details of which will be released in our 2021 Q1 White Paper.

TOKENOMICS INTRODUCTION

VersoView is an engagement and rewards platform hosting branded DeFi economies.

Brands, businesses, educational partners, and publishers can host and engage their communities around their content and reward them with branded Social Tokens within the VersoView ecosystem.

As the lifeblood of the VersoView platform, the VersoView Token ($VVT) is the multifunctional, deflationary currency that fuels the ecosystem. VVT is used for payments within the ecosystem and acts as a staking mechanism for minting branded Social Tokens. The social tokens are used within communities built around publications, corporate reports, educational material, brands or product stories.

New VersoView Platform Publishers are granted tokens from the Ecosystem Rewards Pool according to the tier of subscription that they purchase. (Free-tier subscribers are still eligible for Ecosystem Rewards Pool token allocations, but at a significantly reduced level). These tokens are directly locked into Smart Contracts and are used as collateral to mint customized, branded Social Tokens. Upon termination of services with VersoView, these tokens are returned to the Pool. As a result, tokens from the Ecosystem Rewards Pool can never enter circulation.

VersoRewards combines a cutting-edge token staking platform with the next evolution of a traditional members’ perk rewards program. The concept focuses on incentivizing platform users to hold VVT as well as Social Tokens and to join and engage the communities built around the publications and brands on VersoView.

Staking has been proven to be an effective and efficient rewards mechanism for blockchain companies to encourage and incentivize users to adopt a platform and engage with content on the platform. However, as an inherently inflationary rewards mechanism, staking programs if not meticulously designed will result in long-term instability in an ecosystem.

VersoView employs a comprehensive, cutting edge set of deflationary mechanisms tied directly to corporate revenues, to offset token emissions generated by the VersoRewards Staking program, as well as refunding

and perpetuating both the Staking Rewards Pool and the Ecosystem Rewards Pool.

As the platform grows, these mechanisms scale with VersoView, creating ever-increasing stability of the VersoView Token and strengthening the incentive structure for holders of $VVT.

We will release more details in the near future, along with our detailed White Paper Q1 2021.