VALOR is the exchange’s native cryptocurrency issued by SMART VALOR AG Switzerland. Purchasing cryptocurrencies on the SMART VALOR exchange with paying fees with VALOR token allows buying for lower trading fees.
VALOR token is a dedicated ERC20 token with some extra functionalities like burnability and immediate allocation of funds to a number of monitored wallets during the token generation event and a staking platform that allows users to stake a number of tokens in exchange for a certain type of membership. These stakes are created as self-contained smart contracts, to leverage the accounting functionality coming with a full Ethereum address per stake, and are generated by a specialized factory contract. The smart contracts are designed to be trustless, and no authority to seize funds is granted to SMART VALOR.
What is the total supply of VALOR and it is allocated?
Initially, the total amount of VALOR equal to 100,000,000 was created. Withing this number following allocation has been set up originally:
45% - reserved during the initial Pre-sale and ICO. The legal commitment was made to burn all remaining tokens from this pool before the end of 2019.
26% - retained for future development. This fund is locked up for 3 years 2017-2020.
19% - for the team, founders, current and future employees and advisors
5% - for bounties and network growth
5% - liquidity fund
In December 2019 SMART VALOR executed a burn (unrecoverable destruction) of 25'000'000 VALOR, following its legal commitment to burn tokens remaining in the initial sale pool of 45%.
Read here about the execution of the VALOR burn in December 2019:
How many public sale rounds were held?
VALOR was sold in 6 rounds.
- 1st Pre-sale Base Bonus: 70%
- 2nd Pre-sale Base Bonus: 50%
- 3rd Pre-sale Base Bonus: 35%
- Public sale round 1 ≥ Start: 27.12.2018 - End: 31.12.2018 - Base Bonus: 25%
- Public sale round 2 ≥ Start: 25.01.2019 - End: 31.01.2019 - Base Bonus: 20%
- Public sale round 3 ≥ Start: 22.02.2019 - End: 28.02.2019 - Base Bonus: 15%