Emblem Vaults rely on FUEL as it's fee token. $COVAL is used when purchasing FUEL to provide a discount
Applications accepting $COVAL as payment will reward a portion back to liquidity providers
When FUEL is purchased using ETH on UniSwap it will go through the $COVAL pool.
Total Supply: 2B | Circulating Supply: ~1.2B
ETH earnings will market buy $COVAL. Half of $COVAL purchased will be burnt, half will be distributed as rewards.
$FUEL liquidity will be provided by anyone wishing to sell fuel. Liquidity providers will earn ETH and $COVAL with every sale of Fuel.
Vaults can be purchased with $COVAL, ETH or $FUEL. ETH used to purchase vaults will be routed through Uniswap to market buy Coval. $COVAL used to purchase vaults will be burnt or used as rewards. $FUEL is the discounted way to purchase vaults.
$FUEL and $COVAL have a close relationship. Discounting vault purchases encourages the use of $FUEL Every $FUEL purchase will burn and distribute $COVAL (raising it’s value)
When $FUEL is purchased using ETH on UniSwap it will go through the $COVAL pool.
Tokenomics
Legacy DistributionNow in circulation. |
60% (1.2b) | |
Liquidity & DevelopmentLiquidity is locked within UniSwap Pool and locked inside a vault. |
20% (400m) | |
Reserve & TeamLocked, and vested over a year. * 1 Year Lock Contract |
10% (200m) | |
Audits, Marketing, PartnershipsReserve to pay for partnerships. * 1 Month Lock Contract * 2 Month Lock Contract |
5% (100m) | |
Staking RewardsEarn rewards by locking up supply. |
5% (100m) |
Contract Address 0x3d658390460295fb963f54dc0899cfb1c30776df
2022 Roadmap Coming Soon