# Tokenomics

{% hint style="info" %}
VIR (ERC20): [0x71B4E99547Ad8b307C1313284b4bAc64988C53BB](https://vinuexplorer.org/token/0x71B4E99547Ad8b307C1313284b4bAc64988C53BB?tab=contract)
{% endhint %}

{% hint style="success" %}
**No Mint**: VIR cannot be minted. Supply can only decrease.
{% endhint %}

{% hint style="success" %}
**Renounced Contract**: The token contract ownership is renounced by design.
{% endhint %}

<figure><img src="https://35851767-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FWcsZehU7Z2uGa81IYNGa%2Fuploads%2FAVue7cAg2rH8LNqFMAp5%2FVinuRepublic%20(VIR)%20Allocation.png?alt=media&#x26;token=848fc7fb-ab91-4266-95c0-771134a8387e" alt=""><figcaption></figcaption></figure>

The Total Supply of VIR at inception is 21 million (21,000,000) & no more than this amount will ever exist. This means that there will be no inflation of VIR.

### **VinuRepublic (VIR) initial token distribution:**

* **40% is allocated to Project Development**\
  ​Purpose: To support long-term growth.\
  Usage: Marketing, Community rewards, etc.\\

* **30% is allocated to Public Sale**\
  Purpose: Initial public offering to raise capital.\
  Usage: 65% - VinuChain Consensus staking & 35% - Liquidity.\\

* **20% is allocated to Primary Liquidity**\
  Purpose: To create a stable trading environment from day one.\
  Usage: 100% - Liquidity.\\

* **10% is allocated to Private Sale**\
  ​Purpose: To secure early funding from private backers.\
  Usage: Fund all operations in general.

### Revenue Distribution:

* **Liquidity Pool Rewards**  \
  80% - Re-add to the pool.  \
  20% - VIR Treasury.\\

* **VinuChain Consensus Staking Rewards**  \
  25% - VC Burn  \
  25% - VIR Treasury  \
  25% - VINU Buy & Burn  \
  25% - VIR liquidity pools
