DISCLAIMER: The following summary of terms and description of the sale of tokens by the Videocoin Development Association Ltd. is preliminary and subject to revision. This summary is qualified in its entirety by reference to the token sale website Videocoin.io. This is not an offer of any security or a solicitation of offers to buy any security.
Our new token model rewards workers/miners without creating new tokens with VideoCoin (from fees) and Fiat.
The original tokenomics allocated block rewards to workers/miners with newly minted VideoCoin tokens for the first ten years
Workers are now rewarded with fiat and VideoCoin, eliminating token inflation and reducing the total supply by 70%
Lockups of non-presale tokens (including Service Providers) limits available tokens to only 14% of the original supply
With our new unique token economy to pay workers, token inflation has been elimated and total supply cut by 70%. The supply will be further reduced to 14% with a first year lockup of non presale tokens.