loading
 
footer-logo
  • Use Cases

    BROWSE BY CATEGORY

    category-img category-img Health
    health Health Solution coronavirus Coronavirus Solution

    PROOF OF CONCEPTS

    health
    International Health Care Card
    category-img category-img Supply Chain
    supplychain Supply Chain Solution

    PROOF OF CONCEPTS

    parcel
    Delivery and Distribution
    expresspost
    Express Post Shipping
    category-img category-img Food
    food Food Solution

    PROOF OF CONCEPTS

    coffee
    Coffee
    wine
    Wine
    popcorn
    GMO-Free Corn
    artisanloaf
    Artisan Loaf
    food
    Baby Formula
    food
    Dog Food
    category-img category-img Land Titles
    landtitles Land Titles Solution

    PROOF OF CONCEPTS

    landtitles
    Certificate of Title
    category-img category-img Documents
    documents Documents Solution

    PROOF OF CONCEPTS

    documents
    University Certificate
    documents
    Assignment Cover Sheet
    documents
    Bank Statement
    documents
    Credit Report
    category-img category-img Pharmaceuticals
    pharmaceuticals Pharmaceuticals Solution

    PROOF OF CONCEPTS

    pharmaceuticals
    CBD Oil
    pharmaceuticals
    Insulin
    pharmaceuticals
    Penicillin V Potassium
    pharmaceuticals
    Cholesterol Health Manager
    category-img category-img Timesheets
    timesheet Timesheets Solution

    PROOF OF CONCEPTS

    timesheet
    Weekly Timesheet
    timesheet
    Employee ID Data
    timesheet
    Monthly Timesheet
    category-img category-img Transport
    transport Transport Solution

    PROOF OF CONCEPTS

    transport
    Verified Ride Driver Check
    transport
    Digital Drivers Licence
    category-img category-img ID Cards
    id ID Cards Solution

    PROOF OF CONCEPTS

    id
    Aviation ID
    id
    Drivers Licence
    id
    Employee ID Card
    id
    Health Card
    category-img category-img Passports
    passport Passports Solution

    PROOF OF CONCEPTS

    passport
    Australian Passport
    passport
    Tanzanian Passport
    passport
    PNG Passport
    category-img category-img Brand Trust
  • Products

    Our Product line

    VeriDoc Sign
    VeriDoc HR
    VeriDoc Supply Chain
    VeriDoc Smart Login
    VeriDoc Analytics
    VeriDoc Documents Web App
    VeriDoc Logbook
    VeriDoc DocuSign
  • Technology
  • Team
  • Partners
  • news
  • FAQ
  • Contact Us
  • user user
  • flag
    • SELECT REGION
    • flag Spain
    • flag Australia
    • flag Greece
    • flag India
    • flag Russia
    • flag Tanzania
    • flag Malaysia
    • flag Mexico
    • flag Philippines
    • flag Brazil
    • flag USA
    • flag South Africa
  • SELECT REGION
  • flag Spain
  • flag Australia
  • flag Greece
  • flag India
  • flag Russia
  • flag Tanzania
  • flag Malaysia
  • flag Mexico
  • flag Philippines
  • flag Brazil
  • flag USA
  • flag South Africa
  • Use Cases
    • Health timesheets Health
      Proof of Concepts International Health Care Card
    • Coronavirus Coronavirus Coronavirus
      Proof of Concepts International Health Care Card
    • supplychain supplychain Supply Chain
      Proof of Concepts Delivery and Distribution Express Post Shipping
    • food food Food
      Proof of Concepts Coffee Wine GMO-Free Corn Artisan Loaf Baby Formula Dog Food
    • land land Land Titles
      Proof of Concepts Certificate of Title
    • document document Documents
      Proof of Concepts University Certificate Assignment Cover Sheet Bank Statement Credit Report
    • pharma pharma Pharmaceuticals
      Proof of Concepts CBD Oil Insulin Penicillin V Potassium Cholesterol Health Manager
    • timesheets timesheets Timesheets
      Proof of Concepts Weekly Timesheet Employee ID Data Monthly Timesheet
    • transports transports Transport
      Proof of Concepts Verified Ride Driver Check Digital Drivers Licence
    • id id ID Cards
      Proof of Concepts Aviation ID Drivers Licence Employee ID Card Health Card
    • passport passport Passports
      Proof of Concepts Australian Passport Tanzanian Passport PNG Passport
    • timesheets timesheets Brand Trust
  • Products Products
    • VeriDoc Sign
    • VeriDoc HR
    • VeriDoc Supply Chain
    • VeriDoc Smart Login
    • VeriDoc Analytics
    • VeriDoc Documents Web App
    • VeriDoc Logbook
    • VeriDoc DocuSign
  • Technology
  • Team
  • Partners
  • News
  • FAQ
  • Contact Us
  • Login Register
blockchain

VDG Tokens Update

March 18, 2019


The primary purpose of this announcement is to provide the VDG community with an update of the unsold ICO tokens which are currently frozen in a smart contract with a vest date of 1 May 2019.

We’ll also take this opportunity to recap our strategy and look at the past, present and future.

 

PAST: Circulating Supply and Total Supply Immediately After the Crowd Sale (30th April 2018)

Total supply of VDG is 50 billion tokens.

17% (8.42 billion tokens): Were sold to the public. These tokens have been distributed and can currently enter exchanges.

33% (16.58 billion tokens): Were unsold and technologically vested for 12 months, until 1st May 2019.

10% (5.0 billion tokens): Were placed in reserve for future development and technologically vested for 3 years, until 1st May 2021.

25% (12.5 billion tokens): To be directly distributed to the VeriDoc Global team and advisors. VeriDoc Global is rapidly expanding across the globe and tokens will be used to reward and incentivise current and future team members.

15% (7.5 billion tokens): To be used for community growth, strategic partnerships and community development.

 

PRESENT: Circulating Supply and Total Supply Today (18th March 2019)

Total supply of VDG is 50 billion tokens.

Circulating Supply based on CoinMarketCap’s definition, which is the total number of tokens that have been distributed and can currently enter exchanges is 18,406,817,639 VDG tokens (approx. 37% of total supply).

Total Supply controlled by VeriDoc Global is 10,016,262,361 VDG tokens (approx. 20% of total supply).

Remaining Supply which is frozen in smart contracts is 21,576,920,000 VDG tokens (approx. 43% of total supply).

A key metric we want to highlight here is the ratio between Circulating Supply and Total Supply controlled by VeriDoc Global which is 65 to 35. In other words, VDG tokens that are controlled by VeriDoc Global and available to enter exchanges is less than 50% (actual figure is 35%).

 

FUTURE: What Happens After 1st May 2019?

There are two events that will take place between now and 1st May 2019.

Firstly, VeriDoc Global will be running a Scratch & Win Promotion with a total prize pool of 500,000,000 VDG tokens to be given away. This promotion was designed to generate awareness and grow the VDG community. It is envisaged that Scratch and Win will be available to download and play on Android and iOS devices by April 2019. This will increase the circulating supply.

Secondly, 16.58 billion tokens which were unsold at the crowd sale and technologically vested for 12 months will reach their vest date on 1st May 2019. VeriDoc Global has decided to extend this further with a new vest date of 1st January 2020.

The forecasted figures after 1st May 2019 will therefore be:

Circulating Supply will be approx. 18.9 billion VDG tokens (approx. 38% of total supply).

Total Supply controlled by VeriDoc Global will be approx. 9.5 billion VDG tokens (approx. 19% of total supply).

Remaining Supply which is frozen in smart contracts will remain unchanged at approx. 21.6 billion VDG tokens (approx. 43% of total supply).

The ratio between Circulating Supply and Total Supply controlled by VeriDoc Global will be 67 to 33. In other words, VDG tokens that are controlled by VeriDoc Global and available to enter exchanges will continue to be less than 50% (actual figure is 33%).

 

TAGS:

SHARE

RELATED POST

TWITTER FEED
Tweets by veridocglobal
STAY CONNECTED
  • facebook
  • instagram
  • telegram
  • twitter
  • linkedin
  • youtube
subscribe

SUBSCRIBE TO GET EXCLUSIVE NEWS

TAGS
veri doc global
new york city
consensus 2018
blockchain
document fraud
supply chain
pharmaceuticals
singapore
india
australia
Show more tags
logo-img

VeriDoc Global App

Download our VeriDoc Global code reader mobile application.

ios-app android-app

Developer Tool

Get resources and support for building apps and integrations using our API

Get Started

Contact Us

General enquiries:
[email protected]

© copyright | all rights reserved, VeriDoc Global

slogan

© copyright | all rights reserved, VeriDoc Global