Fundraising Mechanism
Last updated
Last updated
The offering takes place in VIRTUAL – once the pool is 100% filled in, $AGENT is launched immediately.
The necessary VIRTUAL amount is taken from the fundraising pool and sent to the token launch pool to ensure the initial trading market cap of $AGENT equals the EAO valuation (to prevent snipers from purchasing at a lower valuation than EAO investors).
Once $AGENT tokens are acquired, they are then distributed to the corresponding buckets:
EAO investors
Team & treasury wallet
$VADER treasury
A minimum of >150m AGENT tokens that go to the team & treasury wallet are locked with a 6m cliff + 12m vesting period. This ensures that the team has aligned long-term incentives. All other tokens are distributed with no lockup period, including EAO investors.
Simultaneously, while the AGENT launch & distribution is taking place, the remaining VIRTUAL raised is converted into either ETH or SOL or USDT via a DEX. Half of the funds are claimed by the team & treasury wallet upfront. The remaining funds are kept in an escrow smart contract for 3 months to align incentives. The team & treasury wallet will be able to claim these funds in 3 months.
The minimum pool size is 42K VIRTUAL. If the pool is not filled in within the first 24 hours, the funds are sent back to EAO investors and the token doesn’t launch. Tokens launched via VaderAI's EAO Platform are launched via Virtuals’ smart contracts and are either launched as ERC-20 tokens on Base or SPL on Solana. Teams can choose which chain they want to launch on.
The 100K VIRTUAL raise and the corresponding tokenomics allocation is for illustrative purposes. As long as the minimum pool size is 42K VIRTUAL, teams can raise the desired amount and valuation with the desired tokenomics.