VITA/WETH
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VitaDAO Info
IndividualsVitaDAO Intro
VitaDAO is a decentralized autonomous organization (DAO) focused on advancing research in the field of Decentralized Science (DeSci). Its primary aim is to fund and manage biomedical research, with a particular focus on extending human healthspan and lifespan. Using blockchain technology, VitaDAO introduces a novel funding model that enables a global community to participate in decision-making and share the outcomes of research projects.
By tokenizing the intellectual property (IP) generated from funded research, VitaDAO ensures collective ownership among its participants. Community members can vote on funding decisions, allocate resources, and share in the benefits of successful research outcomes. This model seeks to address inefficiencies and inequities in traditional research funding systems by providing a transparent and collaborative framework.
As part of the Decentralized Science movement, VitaDAO leverages decentralized governance and innovative technology to create a more transparent and efficient platform for scientific collaboration, particularly in the area of longevity and health-related research.
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Q&A about VitaDAO Tokenomics
Explore the tokenomics of VitaDAO(VITA) and review the project details below.
What is the allocation & supply schedule for VitaDAO(VITA)?
The total supply of VITA tokens is capped at 64,298,880, a symbolic figure representing the minutes lived by Jeanne Calment, the longest-lived person in recorded history. As of January 1, 2024, the token allocation and supply schedule are structured as follows:
Allocation Breakdown:
- Unminted (57.7%): A significant portion of tokens remains unminted, reserved for future governance decisions and project needs.
- Working Groups (12.5%): Allocated to support community-driven initiatives and ongoing operational efforts (VDP-3).
- Service Providers (10%): Dedicated to contributors and service providers for operational and development support (VDP-3).
- Community Auction (10%): Distributed during the June 2021 auction to establish community participation and funding.
- Strategic Contributor Fundraise (7.9%):
- Treasury (1.9%): Allocated to the DAO treasury for future expenditures and flexibility.
Supply Schedule:
The token unlock schedule ensures gradual distribution to maintain market stability and long-term sustainability:
- Day 0 (TGE Future): 10% of the total supply unlocked at launch.
- Subsequent Unlocks:
- August 1, 2021: 4% unlocked.
- November 1, 2022: 6% unlocked.
- January 1, 2023, onwards: A consistent quarterly unlock rate of 0.4% continues.
- Final Major Unlock: On August 1, 2026, an additional 9.1% will be unlocked, completing the planned distribution.
VitaDAO Token Allocation
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