veDAO and AirshipX Strategic Partnership
veDAO has entered into a strategic partnership with AirshipX, the pioneer of the social network. It is believed that both parties share the same vision to expand the applications and the benefits of the web3 and will continuously work together on various levels.
AirshipX is the world’s leading and innovative social platform based on Web3.0. Based on blockchain technology, it creates a non-controlling world of value that is inclusive and shared that is able to create a truly decentralized community. It will serve as community maintenance for more new projects and there will be the development of community finance in the later stage.
Furthermore, AirshipX is a decentralized ecosystem to create a decentralized consensus network and build the virtual world of Web3 with the power of communities and groups. Consensus based on Web3 requires multiple identities and multiple dimensions. Therefore, it will build a community that is on blockchain for DAO organizations and attract more consensus through community power. In AirshipX, users’ identities will be authenticated with private keys, and real users (user anonymity also can be achieved) will be created through Web3 social relations, application behavior and personal asset.
Token Economic Model
The ASC token is the only token within the Airship ecosystem platform. The total supply is limited to stabilize the token economy. ASC tokens can be freely held, transferred and exchanged. ASC tokens will be used as a medium for connecting activities on the Airship platform. The platform has live broadcasts, knowledge columns, investment research reports and other sections. All payments by users need to be done through ACS. Platform participants can use ASC tokens to increase and use platform equity within the Airship platform.
(1) All payments thin the platform will be paid with tokens (including but not limited to community meeting functions, IDO functions, real-time monitoring functions, Dao governance, etc.）
(2) All guest project payments within the platform will be made using tokens
(Including but not limited to advertisement payment, hot community payment, collection payment, hot DAPP payment, IDO payment, etc.)
(3) Usage scenarios of tokens in platform (including but not limited to: deduction and flash redemption fee, community meeting reward, obtaining IDO quota, community meeting ticket, creating multi-community payment, etc.)
Allocation
Ecosystem Nodes 70%
70% of the tokens will be distributed to node holders within the ecosystem. The purpose is to enhance the interaction, encrypted communication and storage between the various available Airship platforms, and to establish a reliable network system. Stakeholders wishing to participate in the Airship platform ecosystem can exercise certain rights conferred by holding the token on the platform.
10% is released in the first year（linear vesting for 365 days）and halved every year after one year.
Users Airdrops 15%
a) User behavior rewards account for 10%, 40% linear vesting for 12months, and halved year by year after one year.
b) IDO and Partnerships Airdrop accounts for 5% (33% at TGE, linear vesting for 3 months). The supply of this proportion of user behavior rewards will be used for marketing activities in the initial growth of the platform. It will be used for marketing such as user acquisition and branding, initially building the platform, and will be the foundation to continuously drive the expansion and development of the platform. The supply of Airdrop will be allocated to the activities of task rewards. Including but not limited to user incentive airdrops, product internal IDO and Airdrop cooperation with various partners.
Partner Funds 10%
The reserve funds are relatively abundant at first. Financing will start at the right time according to the progress of the project. Vesting schedule TBD.
Core Contributors 5% This will be allocated to developers primarily during the initial development stage of the platform. This team includes developers who have participated in the development and operation of the market economy. And also other parties directly or indirectly involved in the construction of the platform.
0% at TGE, locked for two years, linear vesting for 24 months.
About AirshipX
AirshipX is a web3 aggregated social platform integrating community, live streaming, alpha research and trading element.
About veDAO
veDAO, led by DAO, is an investing/financing platform. Utilizing the wisdom of the masses, the platform gives full play to the elite insight. The platform, finding and supporting the most potential projects through the voting mechanism, builds a community, composed of financiers, investors, and DAO members, with shared interests, thus enabling everyone to do his part and benefit from it.
In addition, veDAO is committed to providing a transparent and easy-to-access platform for all financiers, investors, and community attendants through democratic voting. With veDAO, all the participants will share the benefits of the project. And also benefit from the top-level project in the future.
SOURCE: MEDIUM
