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Welcome to the official $VROOM guide, brought to you by Aluminum Grounds.
$VROOM is for those who love to build and take pride in their creations. That's what we're all revving our engines for, isn't it?
$VROOM's mission is to inspire a new generation of builders to get involved in on-chain social, fuel creator grants, and bring more car content creators on to platforms like Farcaster and Zora.
Tokenomics (Operating Instructions for $VROOM)
Introduction
$VROOM is a community-owned artwork initiated by Aluminum Grounds. $VROOM launched in June 2024 on the Base blockchain with an initial mint of ~472.9 billion tokens.
15% of the total supply is currently available for open enrollment (via Rebase), inviting all builders to join the ride.
Following our launch, we've planned a race sequence to distribute $VROOM, including funding through Rounds.wtf, and an airdrop scheduled for 2025.
Starting Line
Our token allocation strategy builds off of the backs of the giants before us ($HIGHER, $ENJOY, $CRASH).
| Description | Status | Supply % |
|---|---|---|
| Aluminum Grounds | Deployed | 5% |
| Staking Programs on Rebase ($HIGHER, $CRASH) | Ignition Planned | 25% |
| Liquidity Mining | Coming soon | 20% |
| Creator Rewards (Rounds.wtf) | Planned | 10% |
| Airdrop | Planned | 10% |
| Grants for Builders of Cars | Planned | 20% |
| Community Treasury | Circulating | 10% |
- Allocation: 5% (23.645 billion tokens) has already been allocated to the Aluminum Grounds as a fee for writing and deploying the smart contract.
- Rationale: Aligns their long-term incentives with the project.
Ignition Sequence
Staking Rewards on Rebase
To secure your position on the track we've opened enrollment on Rebase. Stake $HIGHER and $CRASH tokens to start earning $VROOM. This is your entry point into the ecosystem, where early participation provides the foundation for future rewards. our purpose here is to build synergy across other tokens.
- Allocation: 25% (70.935 billion tokens) reserved for rewarding $HIGHER and $CRASH stakers.
LP Rewards
Starting the liquidity mining stage, builders will have an opportunity to stake their earned $VROOM through mining time trials or sprints.
Members who provide liquidity in VROOM/ETH and VROOM/USDC pairs will earn rewards over time. The rewards will be distributed in proportion to the amount and duration of liquidity provided.
- Launch Date: TBD
- Allocation: 25% (118.225 billion tokens) allocated to liquidity mining rewards for members who help provide liquidity to $VROOM pools.
Creator Rewards
0% of allocated funds have been distributed
Using Rounds.wtf, we will reward people who generate engaging content centered around cars and automotive culture. Memes, AMAs, videos, and original content will all be eligible for $VROOM rewards.
In addition to that, we will reward farcasters that onboard car builders and conduct an AMA on their builds.
- Purpose: Empower content creators to fuel engagement and growth.
- Allocation: 10% of the total $VROOM supply is dedicated to creator rewards.
0% of allocated funds have been distributed.
This is where we floor it. We'll announce the parameters for participation a month in advance, targeting specific Farcaster channels and NFT collections.
| Community | Status | Priority |
|---|---|---|
| Jay Pegs Auto Mart | Pending Approval | 🛞🛞🛞🛞🛞 |
| Rusty Rollers | Pending Approval | 🛞🛞🛞🛞🛞 |
| &quo;DRIVE //&quo; by Dave Krugman | Pending Approval | 🛞🛞🛞🛞🛞 |
Supports innovation in car construction, funding real-world automotive projects
Supply Management
A community-driven governance model allows token holders to vote on supply control, so $VROOM adapts to evolving market conditions and community needs.
- Inflation: A maximum of approximately 4.729 billion tokens can be introduced annually. This is a community-driven event with allocations aimed to sustain grants and reward programs, ensuring adaptability and longevity.
- Burn Rubber: Community events to burn tokens, counteracting inflation effects.