Token Distribution and Emissions

VSO is Verso's token which is issued on the Avalanche C-Chain. Minted in April 2021, VSO is a utility token to access network services and reward network service providers.
Snapshot as of 28 Feb 2022
Over 79% of tokens have been distributed as of 28 Feb 2022.
The remaining tokens will be distributed over the next 19 months (advisors have a 12 month vesting schedule, the team has a 24 months vesting schedule).
All tokens from private and public investors have been fully unlocked and distributed.
VSO Token Information
Token Name
Details
Token Ticker
VSO
Token Type
ERC20 - Burnable
Token Supply
100,000,000
Blockchain 
Avalanche C-Chain
Contract Address
0x846D50248BAf8b7ceAA9d9B53BFd12d7D7FBB25a
Token Distribution
Allocation
Description
Liquidity Pools 
6,000,000 VSO tokens (6%)
Initial DEX Offering in April 2021
Seed supporters
3,000,000 VSO tokens (3%)
Sold at $0.02
Tokens are vested over 6 months; 20% unlocked after IDO; see release schedule below
Private-sale participants
12,000,000 VSO tokens (12%)
Sold at $0.04
Tokens are vested over 4 months; 20% unlocked after IDO; see release schedule below
Public-sale participants
35,000,000 VSO tokens (35%)
Sold at $0.05
Tokens are vested over 2 months; 20% unlocked after IDO; see release schedule below
Team
10,000,000 VSO tokens (10%)
Team helps launch the initial version of the Verso Network and future upgrades
Tokens are vested over 24 months; unlock begins 6 months after IDO; see release schedule below
Advisors
5,000,000 VSO tokens (5%)
Advisors helps launch the initial version of the Verso Network and future upgrades
Tokens are vested over 12 months; unlock begins 6 months after IDO; see release schedule below
Ecosystem Grant
29,000,000 VSO tokens (29%)
Ecosystem Grant with the mandate to grow and promote the Verso Ecosystem
Tokens are released over a period of 12 months; unlock begins 1 month after IDO; see release schedule below
Token Emissions Schedule
Allocation
Vesting
Liquidity Pools
No lockup – tokens are liquid depending on DEX volume needed; remaining tokens are not in circulation
Ecosystem Grant
20% to be unlocked 1 month after IDO; 80% to be vested linearly over the next 12 months
Team
20% to be unlocked 6 months after IDO; 80% of team tokens vested linearly over the next 24 months
Advisors
20% to be unlocked 6 months after IDO; 80% of team tokens vested linearly over the next 12 months
Seed Supporters
20% to be unlocked immediately after IDO; 80% to be vested linearly over the next 6 months
Private sale Participants
20% to be unlocked immediately after IDO; 80% to be vested linearly over the next 4 months
Public sale Participants
20% to be unlocked immediately after IDO; 80% to be vested linearly over the next 2 months
Circulating Supply Projection
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Contents

VSO Token Information

Token Distribution

Token Emissions Schedule

Circulating Supply Projection