diff --git a/src/val.md b/src/val.md index 8498f65f..44464826 100644 --- a/src/val.md +++ b/src/val.md @@ -12,9 +12,8 @@ head: # VAL (≚) - VAL is a new token used to reward SORA network validators that secure the network, created by [community governance](https://medium.com/sora-xor/sora-v2-implementation-1febd3260b87); all contracts and executable code were released in a disabled form and could not be used until activation by a community member (by insertion of cryptographic proof of the referendum); now it is fully activated. -- VAL fully diluted supply will be 100,000,000. Only 33,900,000 VAL are currently circulating and the supply is capped until SORA v2 network launch. +- VAL fully diluted supply is around 100,000,000 (query `tokens.totalIssuance` to get the precise number). Current VAL circulating supply can be checked [here](https://mof.sora.org/qty/val). - The VAL token contract is also available on [Etherscan](https://etherscan.io/token/0xe88f8313e61a97cec1871ee37fbbe2a8bf3ed1e4). - - VAL has [Decreasing supply](https://medium.com/sora-xor/sora-validator-rewards-419320e22df8) over time, with tokens burned at every SORA v2 network transaction. - Elastic rewards to validators and stake nominators are given in VAL, as a percentage of the daily burned VAL - Holders receive a part of the XOR created by the token bonding curve @@ -28,12 +27,6 @@ VAL is the validator reward token for the SORA network, used to reward those tha [VAL tokens were formerly v1 XOR tokens](https://medium.com/sora-xor/sora-validator-rewards-419320e22df8), but were turned into VAL with new tokenomics, through [community governance](https://medium.com/sora-xor/sora-v2-implementation-1febd3260b87). VAL is a multichain token that lives on the SORA v1 network and on Ethereum, with a trustless bridge—_HASHI_—that spans the two networks. ::: -## VAL Token Supply - -- 100 million initial total supply and decreasing [with tokens burned](https://medium.com/@sora.xor/sora-validator-rewards-419320e22df8) (current supply [here](https://sora-qty.info)) -- VAL is a free-floating token where the price is decided by the market -- Current VAL circulating supply can be checked [here](https://mof.sora.org/qty/val) - ## VAL Token Distribution **VAL** token was distributed to three groups approximately equally, in 3 stages: