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. 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 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: