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VesTallyToken (VTT) Review – Features, Roadmap, Tokenomics

VesTallyToken (VTT) is a self-reflecting, deflationary token running on Binance Smart Chain (BSC). The project rewards VTT holders with exclusive voting rights enabling them to decide the protocol’s proposal strategies and charitable initiatives.

The market for deflationary tokens is expanding to incorporate hundreds of new projects every day. Sticking out of the crowd is difficult, but not impossible. And VTT aims to catch the investors’ eye with honest liquidity pool distribution, transparent smart contract functionality, and rewarding tokenomics.

This short VesTallyToken review looks at the project’s chances of achieving mainstream popularity. Read on to discover its features, tokenomics, and roadmap!

What is VesTallyToken (VTT)?

VesTallyToken (VTT) is a community-driven asset that takes an honest, meritocratic approach towards its users. For instance, contrary to other deflationary coins, it does not use its liquidity pool to reward developers. This practice is often impartial and rewards users unevenly.

Instead, VTT keeps a balanced (X*Y=K) liquidity pool and empowers token holders with weighted voting rights. This way, it rewards those who choose to buy, trade, and utilize VesTallyToken. Also, the coin’s tokenomics help maintain a smart contract logic, which is necessary to ensure fair voting rights.

The design behind VesTallyToken enables it to become scarcer over time. The protocol should achieve this through various strategies. Most importantly, the token’s value will increase as its circulating supply drops. As a result, individual holdings will become more valuable, and holders will receive stronger voting weight.

Some of VTT’s functions include:

  • Token burning to increase liquidity pool valuation.
  • Reward holders through unique tokenomics.
  • Lock 70% of the liquidity pool through Pinksale for 1 year.
  • Hedge $USD inflation through deflationary tokenomics.
  • Use tokenomics for quarterly proposal strategies and charitable initiatives.

Additionally, users will use the application dashboard to vote, analyze their holdings reports and view the project account.

VesTallyToken Features

As we mentioned above, VesTallyToken seeks to stand out from other deflationary tokens in decentralized finance. To this end, it comes with proprietary features, such as:

Weighted Blockchain Voting

All VTT token holders receive weighted voting rights. This means they have a say in proposal strategies that should improve the protocol’s development. For example, they can vote on several quarterly strategies, such as:

  • Expand DAPP to include new NFT minting.
  • Expand DAPP to include new NFT Gaming.
  • Add custom wallet functionality to DAPP.
  • Explore additional DAPP functionalities like staking.

Token holders will choose between short-term (6 months – 1 year) or long-term (5 years) proposal strategies. Once the term for a proposal ends, they will vote to determine their outcome. Furthermore, all VTT holders can view community decisions and token holdings on the application dashboard. This way, they can remain up-to-date with the development process at all times. Lastly, they can check the project wallets on BSCScan at all times.

VesTallyToken believes that its tokenomics keep voting fair and equitable. Also, smart contract logic discourages voters from transferring holdings for additional vote staking. Simply put, this unfair practice would cost holders too much to even try.

Rewards and Burns

VesTallyToken takes 5% of every buy and sell transaction and automatically redistributes it to all token holders. This way, VTT holders don’t have to claim their rewards manually.

Furthermore, the protocol burns 2% out of every transaction permanently. This way, it ensures that the token’s supply will drop over time and increase its value.

The protocol will also deposit 4% of every transaction into the VTT project address. Quarterly voting will then determine which proposal strategy will receive these funds for development.

An additional 1% of every transaction will go to a charity address. Next, VTT holders can vote on non-partisan donation initiatives.

Lastly, 1% of every transaction will go to a marketing address to fund VTT growth. 

Anti-Whale Mechanism

The token’s smart contract prevents sales transactions higher than 0.5% of the circulating supply from taking place simultaneously. 

VTT Tokenomics

Distribution

  • 4% Private Sale
  • 63% PinkSale + Liquidity
  • 18% Burn
  • 8% DEV team
  • 7% Operations

Transaction Fees

  • Holder Rewards: 5%
  • Project Proposal Strategies:4%
  • Burn: 2%
  • Charity & Social Actions: 1%
  • Marketing & Logistics: 1%

VesTallyToken Roadmap

VesTallyToken launched in late 2021 and has made considerable progress. According to the VTT whitepaper, the project has reached all the goals it has set so far in its extensive roadmap. For instance, the team has already created and launched the project’s website. Also, they have developed the dApp for transparency and its dashboard.

In February 2022, VesTallyToken finalized its pre-sale on Pinksale. The event had a hard cap of 800 BNB and saw 292 contributors buying the entire pre-sale fund.

The VTT token is now live on PancakeSwap and has obtained listings on Coinmarketcap and CoinGecko.

At the time of writing, VesTallyToken is getting ready for the first contract proposals and voting.

Final Thoughts

VesTallyToken focuses on its deflationary nature to hedge the current inflation and help users increase the value of their holdings. The project redistributes transaction fees into automatic rewards, donations, and burnings. This way, it should increase VTT’s value while reducing its supply and making a considerable contribution to charity causes.

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You can find out more about the project at the following links: Website | Twitter | TelegramRedditGitHub | Facebook | YouTube 

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

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