Vanilla Network price

VNLA

Founded in August 2020 by an array of professionals ranging from finance, marketing and computer programming, the Vanilla Network is a deflationary ERC-20 token. A staking platform will govern the heart of the ecosystem.

The Vanilla Network relies on fundamental economics to produce an equilibrium price, being demand and supply. This is where the Vanilla Network differ from other platforms; the focus is on generating demand whilst the supply will continue to burn on a transactional basis. The Vanilla Network will be releasing on a periodic basis revolutionary staking and betting dApps that can be used and will appeal to all therefore, generating consumer demand.

At the heart of this is the “community fund” also known as the DAO, decentralized autonomous organization in computer programming. This fund will self-cycle, being funded and replenished by wins and losses in the betting dApps. This is much like the ‘house’ in a casino however; all of these funds belong to the community and not the owners of the casino.

Ultimately, the aim being to decentralize the betting exchange platform. There should be no losers, all margins are returned to holders of the Vanilla token if they continue to stake.

The Vanilla Option staking pool is simple to understand but extremely effective. All stakeholders in this option will routinely receive rewards based on transactions in the ecosystem. This equates to a huge 2.5% per transaction (the token burns at 5% per transaction, meaning 50% is returned to stakeholders with 2.5% of supply burned from the entire ecosystem).

In order to generate transactional demand, will be the following betting dApps.

(1) Head to Head bets. Community members can initiate a specific event (such as LA Lakers vs. Miami Heat, in the NBA) which will generate a smart contract to allow participants to choose a particular outcome. Based on the level engagement the odds will auto generate. The winner will then be approved, and receive tokens in line with the final outcome.

(2) Double of nothing rewards. Never done before in the Blockchain, this will allow users to attempt to double their rewards by using randomization on the Blockchain. A user does not have to participate in this option, but free tokens making more free tokens is an opportunity that does not come by on a daily basis.

(3) Blackjack, community poker, lotto and many more! The Vanilla Network will continue to build and bring these crowd pleasers to the Blockchain.

Max Supply: 1,000,000 burns to 100,000 VANILLA Burn per transaction : 5% Rewards per transaction returned to stakeholders: 2.5%