What is VALUR? A quick summary.
VALUR ($VLR) is the world’s first deflationary NFT use case token. Through the power of smartphone technology, deflationary tokenomics and by empowering charities, we aim to make a splash in the NFT space and become a leader in this new frontier. We also introduce the concept of LP staking. When you provide liquidity (VLR/BNB) in the Pancakeswap liquidity pool, you get special tokens called LP tokens. These will be stakeable in the upcoming dapp that will allow you to earn VALUR Cash (VCASH) which is used for minting VALUR NFTs. The rarer the NFT, the more VCASH it will cost to mint.
COMMITMENT TO CHARITY
Power is determined based on what you give, not what you receive. We will use the power of NFTs to aid charitable causes. Crypto gives us the ability to leverage technology in order to empower charity via methods that were never seen before. For example:
•Token backed NFTs
Donating VALUR NFTs that are backed by either stablecoins or VALUR tokens to charitable organizations. The receiver of the donation can then choose whether to burn these NFTs to acquire their underlying value, trade them in marketplaces, stake them for additional tokens or use them as collateral for NFT backed loans. These are new frontiers in technology that will determine the future. We aim to be a leader in this model.
Trading of VALUR NFTs is possible through platforms such as Mintable, Refineable etc. A percentage of the trading volume will be raised towards donating to various charities.
We plan to launch a variety of mobile games that make use of VLR. The goal of these games is not only to provide utility to the VALUR ecosystem, but also to introduce new people to crypto and DeFi through fun and exciting games. Players of the games will receive rewards for ranking highly. These rewards’ utility is not limited to the game itself. Examples of games that we are planning build:
•Last NFT standing
Users ‘put their finger’ on an NFT for a specific amount of time. There is a mechanism that makes it harder to ‘hold onto’ the NFT as time passes so naturally users start dropping out. The more users that ‘drop out’, the more valuable the NFT gets. Last to have the finger on the NFT gets to keep it and can burn it to get part of the underlying value back in VLR while the rest is either returned back to the ecosystem or burned in order to benefit VLR holders.
A set number of NFTs is minted every day. Each of them has a different starting value (in VLR) and decay rate. This means that they will lose value drastically until their value reaches 0 thus ‘killing’ the NFT. The goal of the game is to ‘pick’ the NFTs as close to their peak price as possible and send them to a smart contract which will burn the NFT. Along with it a percentage of VLR tokens from the NFT’s underlying value is burned or returned to the ecosystem, while the rest of the VLR is airdropped to the user that interacted with the contract as a reward for their victory.
These games serve only as examples and are not final.
More updates will be coming soon.
TOKENOMICS & DISTRIBUTION
VALUR’s tokenomics are unique. Through years of experimentation, the concept of staking liquidity tokens has emerged. VALUR brings value to the NFT space by introducing these concepts in an industry that has never seen them before. We do this by the following distribution:
All transactions (transfers, buying, selling) incur a 10% fee.
4% is burned forever.
4% is distributed to all holders.
2% is reinvested in a Team fund which will be used for marketing and further development of VALUR.
50% of total supply has been burnt forever.
1,000,000,000,000,000 (Quadrillion) VLR total supply.