VLR Staking
Contract for staking VLR tokens in return for a basket of rewards tokens
The VLR token is a BEP-20 token, found on the BSC chain at the address:
Users are encouraged to stake their VLR tokens in the contract in order to receive a basket of reward tokens from among the diverse enterprises being incubated within the VLR ecosystem. Additionally, VLR token stakers are given a portion of fees collected during entry/exit.
Enterprise Rewards
By participating in the VLR incubation process, companies agree to share a portion of revenues with stakers. While our V1 process relies on direct negotiation of terms with Valer Studios leadership, our vision is for this process to be governed in a fully decentralized manner, allowing VLR token holders to guide all decision-making about the enterprises that best fit within the model.
Currently, a basket of rewards will be intermittently distributed to stakers in direct proportion to the length with which VLR has been staked and the total amount contributed. Distribution is performed by the predesignated distributor wallet. Stakers will receive unique tokens minted by the businesses that have been accepted into the incubation process.
After distribution, timers are reset for all VLR left in the staking contract. Users who withdrew from the staking contract prior to the distribution time will receive their share of rewards along with everyone else. Distributions are sent directly to the address that staked VLR.
Note that VLR stakers receive a basket of tokens, but individual quantities might be lower than if user staked directly in that enterprise's unique staking contract. For more information about enterprise staking contracts, see E-VLR Staking.
Entry/ Exit Fees
Fees totaling 3% are paid both upon staking and unstaking VLR into the contract.
80% of fees (2.4% of total) is sent to a bag of collected staking fees. Users receive their proportionate share of staking fees upon withdrawing from the staking contract.
10% of fees (0.3% of total) is used to reward the users with MTC tokens. A swap is automatically made through Pancake Swap to deposit MTC tokens directly in the user's account.
7% of fees (0.21% of total) is sent to the charity bag. This pool of funding will be disbursed to charitable causes through a DAO that utilizes VLR for governance.
3% of fees (0.09% of total) is burned to create deflationary pressure on the token's value.
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