BRIDGING BETTING & DEFI
Vanilla Network comes with a true deflationary ERC-20 token. It aims to build a suite of different staking and betting decentralized applications (DApps), catering to a wider audience of betting enthusiasts and those who are interested in staking to generate consistent long term rewards.
Traditionally, companies have been releasing tokens with a certain burn rate, creating a scarcity in the supply side, and calling it a ‘deflationary token.’ However, the mechanics of a deflationary token model go well beyond just the concept of ‘scarcity.’
There is one important element that many companies with a deflationary token miss out, and that is focusing on the demand side. If your deflationary token doesn’t have any significant demand, the supply side's scarcity won’t simply cut it. This is why Vanilla has a demand-focused approach. The project will launch a staking pool and betting DApps to increase adoption for their deflationary ERC-20 token.
The Vanilla token has a 5% fee (burn rate) whenever you make a transaction on an exchange or in one of their DApps. Half of this burn fee (2.5%) goes directly to the stakeholders in the vanilla staking option pool, creating rewards for the investors.
However, when the investors want to take out their rewards, this 5% burn fee will not be charged to incentivize stakeholders for staking in the pool. The Vanilla Network will also have a community fund known as the DAO (decentralized autonomous organization), that will be funded with the wins and losses accumulated through different betting and lottery DApps launched by the team.
To facilitate the investors, temporary high rewarding staking pools (Mint and Chocolate) will be launched so they could stake their funds for a pre-determined period of time to generate fixed returns. The Vanilla token will have a starting supply of 1 million tokens, and after the successful burn completion, the supply will be locked at 100,000 Vanilla tokens, where no more burn fee rate of 5% will be applied.
In the diagram below, you can see the token distribution for the vanilla token:
The presale ICO is happening on the official launchpad at https://vanilla.network After the pre-sale ends, they will launch their token through Uniswap by providing huge liquidity of 20% to increase investors’ confidence.
Analysts believe that games will be one of the major factors for widespread crypto adoption. Vanilla Network not only aims to build betting and lottery DApps, but it also comes with its own deflationary token and a staking pool for rewarding investors, hence the tagline ‘Invest, Stake and Play.’