♻️ veSync IDO Details & Whitelist Wallet Submission

4 min readMay 3, 2023

veSync is a community-driven, ve(3,3) decentralized exchange (DEX) on the zkSync Era, focusing on the centralization of DeFi liquidity.

♻️ IDO Sale Information

Platform: https://ido.vesync.finance (Website will be live 12 hours before IDO start)
Private Sale: Ended
Whitelist Sale: May 5, 2023, 17:00 PM UTC — May 7, 2023, 17:00 PM UTC (48 hrs)
Public Sale: May 7, 2023, 17:00 PM UTC — May 9, 2023, 17:00 PM UTC (48 hrs)
Method: First Come First Serve (FCFS)
Total Raising Amount: 350 ETH (Private + Whitelist + Public Sale)
$VS Price: 0.000035 ETH (~$0.07) (1 ETH = 28,571.42 $VS)

👛 Submit Your Wallet Address for Whitelist Sale

To submit your wallet address for the whitelist sale, visit the #💎-wallet-submit channel in veSync Discord.

The submission deadline: May 5, 2023, 2023, 3:00 AM UTC.

Whitelist Allocation Rule

Whitelist allocation will be calculated based on the user’s role type and role amount.

e.g. One user with ve(3,3) Master + earlybird role in the community can receive more allocation than another have earlybird

Whitelist Role:

@Early Bird
@ve(3,3) Master
@Vecycler, @Social Supporter
ve(3,3) veNFT Holders: @Velodrome Master @Thena Master @Chronos Master @Equalizer Master @Velocimeter Master

Notice: There’re 4 different submission forms, please make sure to fill out all of them based on your received roles. (If you’re @Early Bird and @Vecycler, you need to fill out 2 forms.)

Whitelist wallet allocation will be published in 3 hours after the wallet submission deadline.

🪙 IDO Round Details

Private sale (Ended)

Investor: Moni, MCLB DAO, Private Investors, Diamond Hands
Raised Amount: 164 ETH (47%)
Vesting: 80% $VS (unlocked at TGE) + 20% veVS (locked for 1yr)
Unlocked $VS Price: 0.000035 ETH (~$0.07) (1 ETH = 28,571.42 $VS)

Whitelist Sale (May 5, 2023, 17:00 PM UTC)

Investor: Whitelist Users
Raising Amount: 186 ETH (53%)
$VS Amount: 5,314,284.12 $VS
Individual Allocation: Calculated based on discord role.
Method: First Come First Serve (FCFS)
Vesting: 100% $VS (unlocked at TGE)
Unlocked $VS Price: 0.000035 ETH (~$0.07) (1 ETH = 28,571.42 $VS)

Public Sale (May 7, 2023, 17:00 PM UTC)

Investor: Open to the public
Raising Amount: Allocation left from WL sale
Individual Allocation: No cap.
Method: First Come First Serve (FCFS)
Vesting: 100% $VS (unlocked at TGE)
Unlocked $VS Price: 0.000035 ETH (~$0.07) (1 ETH = 28,571.42 $VS)

📖 Tokenomics

The $VS Initial Supply is 100,000,000.

Distribute Detail

veVS Airdrop to Protocol (18%): 18,000,000
VS/veVS Airdrop to Users (22%): 25,000,000
VS/veVS IDO (10%): 10,000,000
Ecosystem(20%): 20,000,000
Initial DEX Liquidity (5%): 5,000,000
Marketing/Reserve (7%): 7,000,000
Team(18%): 18,000,000 (ALL veVS)

Detail: https://docs.vesync.finance/tokenomics/initial-distribution

Initial Circulating Supply

10M for the IDO (10%)

Private Sale: 3,748,570.304 $VS + 937,142.576 veVS(1yr locked)
Whitelist & Public Sale: 5,314,284.12 $VS

Actual $VS IDO Circulating Supply: 3,748,570.304 + 5,314,284.12 = ~9M

5M for Initial Liquidity (5%)

5M VS with will be used to add liquidity
50% of IDO fund will be used to add liquidity
liquidity token will be locked for 1 year
24hrs ~ 48hrs time-lock for admin account

Early Locking Bonus (up to 30%)

VS Bonus amount: 3,000,000
3% of the initial supply (43% of the Marketing share) will be used to reward loyal users for their early lock.
During Epoch 0, investors participating in the private, whitelist, and public sale can receive veVS bonus by opting to lock a portion of their $VS tokens while claiming the token.
The locking time range is from 4 epoch to 52 epoch (1 year) and the bonus is up to 30%
We believe this bonus will show our appreciation for early support and contribute to the project’s long-term sustainability.

Lock Time & Bonus Rate:

1 Month (4 Epochs): 6%
2 Months (8 Epochs): 12%
4 Months (16 Epochs): 18%
8 Months (32 Epochs): 24%
12 Months (52 Epochs): 30%

📅 Launch Timeline

May 5: IDO Start
May 5–7: Whitelist Sale (48hrs)
May 7–9: Public Sale (48hrs)
May 11: Application Launch
May 11–14: Partner protocols join; Users try & feedback
May 15: VS TGE, IDO VS Claim, Protocol Airdrop, Early Lock Bonus, Bribe, Epoch 0
May 18: veSync Epoch 1