Choise.ai has undertaken a huge development in the B2B enterprise direction, and now we’re opening up the doors for CHO holders to become a greater part of our vision. The success of our B2B company Vault has set a new task for us - to develop the Choise.ai ecosystem and grow it even further.
Vault is one of the largest B2B crypto banking platforms, allowing new partners to launch digital/crypto banking solutions ten times faster and cheaper. Vault allows banks, fintech and startups to integrate our ready-made solutions, licenses and enterprise playbook and launch crypto products to market. With over 54 contracts totaling more than $25M already, we’ve seen the potential that this enterprise solution holds in the wider Choise.ai ecosystem.
With the introduction of our new mechanics, Vault's new token VLT will be used to reward CHO token stakes, opening up brand new avenues for the community to share in B2B success, in a way never done before.
- Vault will create an incentive program from up to 20% of its revenue via the new B2B VLT token
- VLT can ONLY be obtained by CHO holders, the more CHO you have, the more VLT you can get
- Each CHO owner will get a chance to receive from 20% to 150% worth of VLT
- Staking CHO or owning Choby NFTs will increase your claim of VLT
- There is no way to purchase VLT on primary or secondary markets, it is reserved exclusively for CHO holders
- VLT will go live within the next 30-60 days, DEX snapshots have already begun!
We could not be more excited to announce the upcoming launch of VLT, and disclose key details on how our community can benefit and get involved, starting today.
Introducing the VLT Token
VLT is an incentivization token through which CHO owners will be able to share a portion of Vault success, funded directly from Vault revenue. Each owner of the CHO token will be able to claim a certain amount of VLT tokens. Owning CHO is your only route to VLT.
The VLT token is created exclusively for the purposes and interests of the CHO holder community, as such, the VLT token cannot be bought, only earned through our staking mechanics. This is a unique mechanic to ensure that only CHO holders will be the primary owners of the VLT token and be able to profit and receive from 20% of our B2B revenue. The distribution of coins will only be available through holding CHO.
The creation of the VLT token is a significant initiative of Choise.ai, which creates value for the entire ecosystem, taking into account the interests and needs of each CHO token holder, including:
- Early buyers of CHO tokens;
- Buyers at the IDO stage;
- Seed/Private stage investors;
- Current CHO owners;
- Future CHO owners;
- CHOBIES NFT owners (a separate drop in VLT coins will be provided).
Different staking conditions for CHO holders and receiving VLT coins will be provided for each of the mentioned categories of CHO holders.
Time also plays a role! We will now regularly take DEX snapshots of the amount of CHO held by users in wallets and in staking, and depending on the amount of CHO held now, the more the distribution of VLT tokens to such users.
This is your exclusive chance to get in early and secure more CHO and in turn a greater share of the Vault reward pool.
We want to reward our early community, who have supported us and been with us for the past years, but also open the doors for new CHO holders to come join the wider Choise.ai ecosystem.
How to claim VLT
It’s simple, you need to stake CHO tokens.
CHO stakers will receive between 20% to 150% in VLT tokens in the staking program. Then, the VLT tokens received in this way will be directed to a special VLT staking program where the distribution of Vault rewards will directly take place.
A Tier system will be provided: depending on the duration and volume of CHO staking, a certain amount of VLT will be credited. Remember, the more CHO you stake, the greater VLT you receive, and thus the greater the share of the Vault reward pool.
The volume of VLT annually credited for staking will decrease by 30%.
Earning from Vault's success via VLT tokens
To participate in the Vault driven reward program, VLT token holders will be able to place tokens in various Tiers (from small to large). The owner of VLT tokens places their tokens in a certain Tier and receives a certain amount of points (in our point system). Every month, Vault will allocate a portion of its revenue to those tiers enabling VLT holder to share in Vault's success.
That’s not all, users will have the opportunity to earn additional points, by completing additional actions. This will allow doubling or even tripling the number of points. They may be related, for example, to transactions in our ecosystem services and much more (free alpha!)
Each tier will receive different funding from Vault's success
Example Scenario:
A Tier has two participants, each of them has 10,000 VLT, one of them simply staked 10,000 VLT and received 10,000 points, and the second staked 10,000 VLT and also staked CHO worth $1,000, and received 10,300 points. As a result, the proportion will not be equal, it will be in favor of the second participant. However, they will receive a large number of points for VLT.
Will the VLT token be transferable?
The VLT token will not be transferable for the first 6 months with a base price of $1, after this time, if the VLT community votes for the need for a secondary market, this option will be implemented. At the same time, all coins will remain in the hands of CHO/VLT owners.
In which network will the VLT token be issued?
On the Binance Smart Chain network.
What will the tokenomics of the VLT token consist of?
The tokenomics of VLT consists of three key parts:
- Where it is used
- What it is burned on
- How it is distributed
Vault will form a pool for distribution based on its revenue monthly, from which:
- 15% will be directed to various tiers
- 5% for the repurchase and burning of VLT from the market
4 ways demand for the VLT token is created
- Reward system for clients: Each Vault client (currently 54) has the opportunity to pay 15% of the onboarding cost in VLT tokens (with VLT being bought from the market). Incentivizing them to use VLT tokens when making payments.
- Tiered distribution: The more VLT tokens a user has, the higher Tier of distribution they can enter.
- Boosted staking income: VLT can be used to boost CHO staking income. Reward is distributed in VLT tokens, which users can go and sell on the market.
- Repurchase and burning: When Vault generates revenue, it directs it to buy tokens from the market and subsequently distribute them to users, immediately creating buy and sell pressure.
Transparency is key
Maximum transparency will be provided by decentralization, all distributions will occur through a smart contract, and all distributions, burning volumes, token utilization, and the number of users can be tracked. VLT - a token with absolute transparency.
When VLT? Within a month
We expect our launch to take place within 30 - 60 days, and DEX snapshots have already begun. Become a CHO holder to claim your stake of VLT!
A new website will be launched, containing VLT tokenomics, as well as allow you stake CHO tokens to receive VLT tokens. You will also be able to stake VLT tokens.
As Vault becomes more successful, we want to ensure that our community of both CHO and VLT token holders can share in that success. Verifiable, decentralized and all onchain.
Get ready to welcome VLT. Stay tuned for more info.
