# Tokenomics

> ## $XVR
>
> $**XVR** will serve as the in-game currency/coin used for most transactional interactions within VerseX.

{% hint style="info" %}
'Versers' are also known as $XVR holders.
{% endhint %}

> * The issuer account will be blackholed. As a result, no further $XVR tokens can be issued. 
> * Total Supply: 1 billion XVR tokens.
> * Circulating: 2.5%
> * $XVR is our in-world currency/token.
> * $XVR is issued on the XRPL. 

{% tabs %}
{% tab title="XVR Utility" %}

> • Spending on the NFT Marketplace via website or in-game marketplace.
>
> • Purchase real-life goods & services in the shopping mall. 
>
> • Using in-game for events and quiz entries. 
>
> • Purchase land, property, vehicles, tickets, perks, weapons & most items in VerseX. 
>
> • Renting & Payment for working in the metaverse. 
>
> • To exchange with other players for in-game items. 
>
> • Used to distribute as rewards for completing tasks. 
>
> • Players compete with one another in duelling. 
>
> • Spending in Retail Shops in the metaverse.
>
> • To pay VerseX for partnerships & commissions.
> {% endtab %}

{% tab title="Tokenomics" %}

<figure><img src="/files/VKdM7fXXVdjFW8J6FoZE" alt=""><figcaption></figcaption></figure>

{% endtab %}
{% endtabs %}

**Token Allocation**

* Private VC Sales: 12.5%
* Marketing: 12.5%
* Exchange/DEX Liquidity Provision: 10%
* Team & Development: 25%
* Treasury: 5%
* Rewards & Community: 35%

| Tokens             | Supply           | Lock Period                        |
| ------------------ | ---------------- | ---------------------------------- |
| Community (Locked) | 300,000,000 $XVR | Locked for 2 years -  10% per year |
| Community (Active) | 50,000,000 $XVR  | No lock                            |
| Team & Development | 250,000,000 $XVR | No Lock                            |
| Marketing & VC's   | 250,000,000 $XVR | Terms of contract                  |
| Liquidity          | 67,365,000 $XVR  | No Lock                            |
| Treasury           | 50,000,000 $XVR  | 4 Years                            |

> #### **Sustainability**:
>
> Essential section to discuss tokenomics sustainability. What mistakes have been made in previous projects (e.g. Axie) and how will VerseX avoid these mistakes for $XVR.&#x20;

{% embed url="<https://medium.com/@DZASTR_eth/axie-infinity-slp-what-went-wrong-and-how-to-fix-it-d6732a407cda>" %}
Axie Infinity - What went "wrong"
{% endembed %}

> **Utility:**&#x20;
>
> * $XVR will be a fundamental aspect of the virtual world.
> * $XVR must be accepted by all vendors in VX Mall.
> * $XVR used to buy cosmetic in-game upgrades.
> * $XVR used for minting of in-game NFTs.
> * $XVR required to be locked up in order to maintain player tier.
> * $XVR used to pay rental fees for stores and billboards?
> * $XVR volume and liquidity should dictate price; this will offer some downside protection against a secular crypto market downturn.
> * VerseX combines cryptocurrency tokenomics with real world applications; value of token is not directly tied to the cryptocurrency market.

> ## XMEN&#x20;
>
> The $XMEN token will serve as an IOU token for the XLS-20 tier card that provides benefits to early purchasers.

{% hint style="info" %}
$XMEN minters are also known as XMEN.&#x20;
{% endhint %}

> * $XMEN is issued on the XRP Ledger.
> * $XMEN issuer account is blackholed.&#x20;
> * There were 5,000 $XMEN created.
> * There are 2800 $XMEN currently minted, approximately 2,200 remaining.
> * $XMEN is an IOU designed to be swapped for a tier card.
> * XMEN tier cards provide unique perks to early users.
> * All minted XMEN will be burned.

{% tabs %}
{% tab title="XMEN Utility" %}

> Own a virtual store.
>
> Own a virtual billboard for advertising.
>
> VX Card that allows users to access special areas.
>
> Rare 3D Avatar.
>
> Exclusive Rewards.
>
> Voting Power.
> {% endtab %}

{% tab title="Tokenomics" %}

<figure><img src="/files/5TvJCRQ0bq4X4JeHM7ne" alt=""><figcaption></figcaption></figure>
{% endtab %}
{% endtabs %}

<div><figure><img src="/files/HA1eo01Wnv8ErFvsHV07" alt=""><figcaption><p>1 XMEN</p></figcaption></figure> <figure><img src="/files/bZ8rIhgyFHh6DD5NSY3N" alt=""><figcaption><p>8 XMEN</p></figcaption></figure> <figure><img src="/files/zfOsvfPnZZ9PXoVLvGM8" alt=""><figcaption><p>16 XMEN</p></figcaption></figure> <figure><img src="/files/mMnhRwrZwRqCv8326wjR" alt=""><figcaption><p>20 XMEN</p></figcaption></figure></div>

> **Use cases:**
>
> * Silver tier cards and higher will enable the holder to create a Virtual Store in VerseX.
> * A unique 3D avatar will be provided to each user.
> * By completing secret tasks, missions, and easter eggs, users will be able to earn exclusive rewards.
> * Voting power increases with tier - Use your voting power to decide on in-game votes, other users will have 1 vote.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://versex.gitbook.io/whitepaper/financial-and-economics/tokenomics.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.