$ASVA tokenomics update: Investing into the Asva ecosystem

Presenting to you our latest tokenomics, with a few updates to fortify the token against market volatilities.

The changes have been made after consultation with a team of top advisors, industry experts, and investors, taking into account what is best for the ecosystem in the long run. The main focus was on decreasing the initial circulating supply so that the token retains value over time. We have restructured the vesting schedule to ensure smooth progress of the project that supports our long-term objectives and goals. The updated schedule strikes a balance between staking incentivization and healthy price action.

Our idea of success is a long-term vision centred around bringing value to DeFi through multi-chain products. We have extended the vesting period for the team to 3 years to prove to our community that we are committed to crossing all the milestones that we have marked in the roadmap, and beyond.

A quick look at Asva Finance

Asva Finance is a premier multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols. The interoperable dashboard gives a bird’s eye view into 100s of DeFi protocols and offers lending, borrowing, yield farming, investing, and portfolio management from one unified interface.

Currently, beta V1 and V2 support BSC, Polygon, and Ethereum networks. The coming versions will integrate more blockchains and functionalities to take the platform to a wider mass.

Without further ado, let’s dive into everything you need to know about $ASVA tokenomics — utility, distribution, and vesting schedule.

$ASVA token utility

$ASVA is the native token of the Asva Labs ecosystem. The backbone of our platform, $ASVA will play an integral role in driving the mass adoption of the multi-chain applications we put forward.

Asva ecosystem features multi-chain yield aggregation to help users optimize their strategies for high APYs. The primary utilities of the token constitute staking and yield farming. When it comes to governance, it will grant voting rights to users, giving them a role in the decision-making process. Moreover, it will accredit the protocol incentive structure of the ecosystem on top blockchains.

Early-stage funding rounds

We wrapped up our seed and Private-A funding rounds successfully a few months back. It was incredible to see that our products and ecosystems dedicated to the growth of the DeFi, NFT, and the metaverse industries have instilled confidence in top-notch investors. The funding rounds were led by DCI, BlackDragon, Meridian Capital and Angel investors .

$ASVA token metrics

Token name: Asva finance

Token symbol: $ASVA

Token standard: BEP20

Total supply: 90,000,000 ASVA

Initial circulating supply: 3,330,900 ASVA

Initial market cap: $459,180 ( without liquidity )

$ASVA token allocation

The total supply of ASVA tokens is 90,000,000. Among these, the initial circulating supply would be 3,330,900 ASVA. It constitutes the tokens unlocked from the seed, private round A, private round B, public sales, and liquidity.

This is how the vesting schedule has been laid out for each set of stakeholders and provisions:

Seed round

We hosted a seed round for a select group of early investors, with remarkable value propositions for the growth of the platform.

7.5% of the total supply was set aside for seed rounds, that is 6,750,000 tokens. The tokens are locked till the TGE, when 5% will be unlocked. After a 3 months cliff, 7% will be unlocked in the 4th month. In the following 11 months, 8% will be unlocked monthly.

The funds went into the development of Asva Finance MVP.

Private round A

A total of 7,200,000 tokens were allocated for private round A. This constitutes 8% of the total supply.

At the TGE, 8% will be unlocked. It will be followed by a 2 months cliff. After this, 9% will be unlocked monthly over the next 8 months and 10% over the last 2 months.

Private round B

With 10.4% of the total supply, private round B sees more token allocation than private round A. We have garnered significant traction to the event as a result of our ongoing endeavors in product development, marketing, and community building.

From the 9,360,000 tokens, 9% will be unlocked at the TGE. It will be followed by a 2-month cliff. After this, a monthly unlock of 10% will follow over the next 8 months. 11% will be unlocked in the last month.

Public sale

1.2% of the total supply, that is 2250000 tokens, is allocated for public sale. Half of this will be unlocked at the TGE. The remaining will be unlocked in equal proportions over the next two months.

Ecosystem

The largest share of tokens (21.6%) has been set aside to stimulate ecosystem development. The 2250000 tokens will be made use of to fund the launch of new products, product upgrades, and expansion of functionalities. New projects that cater to the Asva ecosystem will be funded through initial grants. The fund will also go towards building and incentivizing the community.

There is a 6 months cliff for the ecosystem fund. It is followed by a monthly unlock of 5%.

Liquidity

Liquidity is integral to the mainstream penetration of a new project. We have set aside 5% of the total supply, that is 4500000 tokens, to facilitate engagement and action in the market. Out of this, 10% will be unlocked at the TGE. Over the next 9 months, 10% will be unlocked monthly.

Marketing

We will spend 5% of the total supply to draw traction to what we are building through a range of well-defined marketing activities. The 4500000 tokens will be unlocked monthly with 5% each over the 20 months that follow the TGE.

Staking rewards

We have a native token staking system that encompasses Asva Finance and Asva Ventures. 20% of the total supply, 18000000 tokens, go towards rewarding stakers with significant APYs. After the TGE, the tokens will be unlocked monthly at 5% each.

Teams & advisors

Unlike other provisions, the fund allocated (20% of the total supply) to the team and advisors has a 1-year cliff. This is to ensure that the development of the platform progresses seamlessly without any hiccups leveraging full commitment. After this, the 18000000 tokens will be unlocked 25% every 6 months till the fund depletes.

Wrapping Up

We are indebted to our community for all the love and support you’ve been showering.

We will keep you in the loop about the IDO & TGE, latest product updates, strategic partnerships, and stellar community engagement programs.

🔔Stay tuned!

ABOUT ASVA FINANCE

A premier multi-chain DeFi aggregation engine that routes the best yields on money market services by integrating top DeFi protocols. The interoperable DeFi dashboard gives a bird’s eye view into 100s of DeFi protocols and offers lending, borrowing, yield farming, investing, and portfolio management from one unified interface.

Currently, the Beta products V1 and V2 support BSC, Polygon, and Ethereum networks. The coming versions will integrate more blockchains to take the platform to a wider mass.

Asva Finance is powered by Asva Labs, an innovation lab that aims to catalyze the adoption of multi-chain interoperability. The ecosystem also includes a launchpad and DAO funding platform dedicated to NFT, metaverse, and GameFi projects.

🔊Keep tabs on the latest news from Asva and engage with the community from our social media platforms:

🛎Reach Asva Finance on:

Asva Labs website | Asva Finance website | Telegram | TG announcement | Twitter | Medium

Asva Labs is an innovation lab that is building a decentralized Web3 financial ecosystem for emerging virtual economies.