An Overview: Vanilla Network ($VNLA)
The Vanilla network is established with a simple motto, “Invest, Stake and Play”. The VNLA token is built on the Ethereum blockchain and is regarded as the financial asset that will be used on various social betting dApps and staking protocols developed. Vanilla Network focuses on ease of use for the end-user hence, the product might be complex behind the scenes but is easy to understand on the surface.
Vanilla Network: How Do We Stand Apart?
VNLA is a deflationary token and is abided by various staking protocols. Total initial supply starts at 1,000,000 and will deflate to 100,000 which will be the end supply where burning stops. Having a deflationary token in the Blockchain space isn’t traditional, but such Defi models are well known for limited tokens, providing the best return on investment to users and investors.
Vanilla Network: What Excitement Do We Offer?
While most of the platform focuses more on bringing demand and supply in equilibrium, we at Vanilla Network focus more on creating demand for the platform. This shall help revolutionize the staking and betting ecosystem with improved dApps which are simplistic in design but are unique and playable.
We all love rewards! The rewards offered at Vanilla Network make it more exciting than any other social betting platform! For every transaction, 2.5% of the transaction gets burned from supply and 2.5% is returned to the stakeholder in our reward system A.K.A “Vanilla Staking Pool”. The users can claim this dividend at a 0% burn rate once they build their ownership in the staking pool! Exciting enough, isn’t it?
Community Fund: The Heart of Vanilla Network
The community fund at Vanilla Network shall be the governing body to decide all the rules and regulations of betting and staking. This DAO shall be self-replenishing in nature through users winning or losing bets on our dApps. In other words for easy understanding, the Community fund shall be the “House” of the casino. Since it’s a DAO, the funds shall be managed by the community, rather than the owners of the platform once the ecosystem has been sufficiently developed.
For better transparency, all dApps will have a zero percentage rake making it an autonomous social betting platform!
Excited much? Well, we can’t wait to introduce you to our dApps. Keep checking out this space for regular updates!
Visit https://vanilla.network/ to know more!
Don’t forget to join our official Telegram channel: https://t.me/Vanillafinance