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
The future development plans for $COVAL and Emblem Vault
Emblem Vault NFT Contract Deployed
Uniswap Exchange Listing
Opensea Marketplace Creation
Staking Partnership Announcement
Emblem Vault Launch
Matic Sidechain Launch (Currently in Beta!)
Emblem Vault Auctions Launch
ENIGMA Secret Contract Integration (Currently in Beta!)
More features coming in early 2021!