MOVENS Whitepaper
  • πŸ‘ŸIntroducing MOVENS
  • How to Join?
  • How to Earn?
  • Core Team
  • Partnership
  • πŸ“‚Move-to-Earn Product
    • MOVENS Applications
    • Marketplace
    • Game-Fi Elements
      • Game Modes
      • Level Account
      • Sneakers
      • Accessories
      • Upgrades and sales
    • Game-Fi System
      • Earning Cap
      • Quest
      • Achievements
      • Leaderboards
      • Lootbox
      • Energy
      • Energy Kit
    • Social-Fi Elements
      • CLAN
      • More Coming!
    • Staking
    • NFTs
      • Exchange
      • Discount
      • Merchandise
  • πŸͺ™TOKENOMICS
    • Token Metrics
    • Dual Token Economy
    • Burning Mechanism
  • πŸ’°Income Streams
    • User Income Streams
    • Revenue Generating Streams
  • INFORMATION
    • πŸ“˜Official Channels
    • πŸ—ΊοΈRoadmap
    • ❓FAQ
      • MOVENS FAQ
    • KYC
    • How to Participate
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  • MVNS is the governance token
  • VNS is the in-app reward token
  1. TOKENOMICS

Dual Token Economy

MVNS is the governance token

  • It can be used for trading all NFTs on the Marketplace.

  • Voting on Proposals

  • Liquidity provider for $VNS

  • Staking

  • Is deflationary through the token burn

    • Transaction Tax

      • Buy: 0%

      • Sell: 12%

        • LiquidityFee = 6%

        • TreasuryFee = 2%

        • insuranceFundFee = 2%

        • blackHoleFee = 2%

VNS is the in-app reward token

Therefore any rewards accumulated as a result of a physical activity recorded on the app. will be provided in $VNS tokens. These tokens can be used to unlock higher-level benefits to maximize earning potential. For example, this can include access to purchase booster NFTs from the in-app. Marketplace. Therefore the two token systems are designed to elevate the user experience while enabling higher reward potential.

  • Buy booster NFTs: you can spend your $VNS to buy booster NFTs, giving a massive boost to an exercise session!

  • Quests: While most quests will be free to start and complete, some premium quests can be unlocked using $VNS

  • Events and tournaments: Participate in local and global events or tournaments using your $VNS.

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Last updated 2 years ago

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