$ASVA Tokenomics Update: Investing Into The Asvaverse Ecosystem

Presenting to you $Asva updated tokenomics, with a few updates to fortify the token against market volatility.

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 healthy balance between staking incentivization and price action.

Our idea of success is a long-term vision centred around bringing value to the metaverse through a unified finance ecosystem. We have extended the vesting period of 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.

Asva Labs — Fueling the Metaverse Economy

Asva Labs is an innovation lab that is building a unified finance ecosystem to catalyze the metaverse movement. The suite of MetaFi applications maximizes the productivity of virtual ownership assets. MetaLaunch, the premier application from Asva Labs, is the first-ever multi-chain metaverse launchpad and accelerator that delivers strategic fundraising and growth frameworks to fuel virtual world and gaming economies.

Asvaverse also features MetaFi DeFi use cases, a virtual marketplace, and play-to-earn guild integrations. It fosters metaverse interoperability by deploying applications on multiple blockchains.

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. It plays an integral role on all Asva platforms by facilitating transactions, incentivization, and governance. The current and planned use cases of ASVA include the following:

Native token staking incentives: Users staking ASVA tokens on the MetaFi DeFi platform will receive staking rewards. The mechanism will be devised to promote long-term commitment to the platform. ASVA liquidity Providers on various DEXs will be able to farm ASVA token liquidity mining rewards.

Governance: Users may stake ASVA to gain voting power and participate in the governance process to change product parameters.

Launchpad access: Token allocation on MetaLaunch is based on a tiered system. Users who intend to participate in the sales have to stake ASVA tokens. Tiers will be allotted depending on the number of ASVA tokens staked by users. Investors can access MetaLaunch token sales using ASVA token.

Metaverse marketplace: The Asva metaverse marketplace will be accessible with ASVA tokens.

$ASVA token metrics

Token name: Asva

Token symbol: $ASVA

Token standard: BEP20

Total supply: 90,000,000 ASVA

Initial circulating supply: 2,313,900 ASVA ( 2.56% )

Initial market cap: $428,071 (including liquidity)

$ASVA token allocation and vesting schedule

Seed — 5% unlock at TGE, 3 months cliff, then 7% unlock on 4th Month, then 8% unlock monthly for 11 months.

Private A — 8% unlock at TGE, 2 months cliff, then 9% unlock monthly for 8 months, then 10% unlock monthly for 2 months.

Private B — 9% unlock at TGE, 2 months cliff, then 10% unlock monthly for 8 months, then 11% unlock in the last month.

Public — 10% unlock at TGE, then 22.5% unlock monthly for 4 months.

Ecosystem — 6 months cliff, then 5% unlocked every month.

Team — 1 year cliff, then 25% unlock every 6 months.

Liquidity — 10% unlock at TGE, then 10% unlock monthly for 9 months.

Marketing — 0% unlock at TGE, then 5% unlock over 20 months.

Staking — — 0% unlock at TGE, linear vesting over 20 months.

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 latest product updates, strategic partnerships, and stellar community engagement programs.

We have scheduled our ASVA IDO Launch on our native launchpad MetaLaunch and Co-IDO on NFTb and Starter Launchpad.

Stay tuned to know more about our IDO launch dates and TGE!

ABOUT ASVA LABS

Asva Labs is an innovation lab that is building a unified finance ecosystem to catalyze the metaverse movement. The suite of MetaFi applications maximizes the productivity of virtual ownership assets. MetaLaunch, the premier application from Asva Labs, is the first-ever multi-chain metaverse launchpad and accelerator that delivers strategic fundraising and growth frameworks to fuel virtual world and gaming economies

Asvaverse also features MetaFi DeFi use cases, a virtual marketplace, and play-to-earn guild integrations. It fosters metaverse interoperability by deploying applications on multiple blockchains.

🛎Reach Asva Labs on:

Asva Labs website | Asva Labs Twitter | MetaLaunch Website |Metalaunch Twitter | | Telegram | Medium

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Asva Labs

Asva Labs

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