Introduction
Veloce, the world's leading digital racing media network, is shaking up the gaming and motorsport industries with its cutting-edge blockchain technology and innovative approach to fan engagement. With the launch of its decentralized application (dApp) called VEXTVERSE and the introduction of the VEXT token, Veloce is poised to transform the way fans interact with their favorite sports teams and athletes in the racing and gaming space.
At the heart of Veloce's ecosystem is the VEXT token, an ERC-20 governance and utility token that empowers holders to become an integral part of the Veloce community. By holding VEXT, users can transact across various games and live sports features within the VEXTVERSE dApp, receiving exciting rewards like exclusive merchandise, event tickets, and more. The token also grants holders voting rights, allowing them to influence the direction of key decentralized assets within the Veloce brand, including Veloce Esports and Veloce Racing.
What sets Veloce apart is its unique position as one of the first projects to disrupt the traditional ownership model of sporting and entertainment media groups. With a passionate fanbase of over 37 million subscribers and 650 million monthly views, Veloce is leveraging its extensive reach and credibility to promote mass adoption within the Web3 space. By empowering the next generation of fandom amongst gamers and motorsport enthusiasts, Veloce is revolutionizing the way fans engage with their favorite sports and teams.
What is VEXT?
VEXT is an ERC-20 governance and utility token that allows its holders to interact with various GameFi products within the VEXTVERSE dApp (Veloce ecosystem). Holders can transact across games and live sports features, receiving rewards like tokens, merchandise, tickets to real-world events, and more. The dApp, powered by VEXT and developed in conjunction with Veloce partners, completes the brand transformation into a decentralized community and offers additional utility to onboard users and reward early adopters.
Veloce Media Group: The Driving Force Behind VEXT
Veloce Media Group is the world's leading digital racing media network, having entered the Web3 space with the launch of its dApp (VEXTVERSE) and governance & utility token (VEXT). With the largest digital racing audience globally, reaching 37+ million subscribers and 650M+ monthly views, Veloce is leveraging its extensive reach and credibility to promote mass adoption within Web3.
The Veloce network utilizes the VEXT token to empower the Veloce community to influence and govern key decentralized assets within the Veloce brand, which includes Veloce Esports (a top gaming and racing platform) and Veloce Racing (the Extreme E championship team).
What Makes VEXT Unique?
VEXT is built on top of an existing gaming and sports media company that has been operating for 6+ years as a business, with an established audience, Intellectual Property (IP), and real-world sporting assets. This sets VEXT apart from many other crypto projects that lack a proven track record or real-world utility.
VEXT is one of the first examples of disrupting the ownership model of traditional sporting and entertainment media groups. In today's world, sports play a pivotal role in society, containing the largest and most passionate fanbase globally. However, as the industry has evolved, teams have become more centralized, leaving fans on the sidelines. Veloce aims to empower the next generation of fandom amongst gamers and motorsport enthusiasts, and VEXT allows them to do just that by giving fans a voice and a stake in the future of their favorite teams and content.
VEXT Tokenomics and Distribution
The all-time total available VEXT is 300,000,000 tokens, with an initial circulating supply forecast to be 17.28M VEXT. In addition to the circulating supply, Veloce has modeled a release of additional VEXT from Treasury, both to fund continued investment in the Vextverse and programmatically released governance rewards.
The token distribution model is as follows:
- Treasury: 36.2% (1.57% unlocked, 34.6% locked)
- Governance Rewards: 19.8% (0.74% unlocked, 19.1% locked)
- Team: 19.4% (locked)
- IDO: 18.3% (unlocked)
- Fund Investors: 4.23% (1.19% unlocked, 3.04% locked)
- Advisors: 1.49% (0.69% unlocked, 0.80% locked)
- Veloce Group Other: 0.57% (0.14% unlocked, 0.43% locked)
The tokenomics of VEXT include mechanisms to control inflation through the release of additional tokens from Treasury for continued investment in the Vextverse and programmatically released governance rewards. This approach ensures a controlled token supply while providing incentives for long-term holding and participation in the Veloce ecosystem.
The Team Behind Veloce
The Veloce team consists of experienced professionals from various backgrounds, including sports, gaming, and Web 3.0. Some of the core team members include:
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Daniel Bailey, Chief Commercial Officer: Responsible for the commercial growth and strategic partnerships of Veloce Media Group. Extensive experience in the gaming and esports industry.
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Jamie MacLaurin, Chief Gaming Officer: An experienced gaming executive responsible for the gaming strategy and operations of Veloce Media Group.
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Rupert Svendsen-Cook, Chief Executive Officer: A former professional racing driver and entrepreneur responsible for the overall vision and strategy of Veloce Media Group.
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Jack Clarke, Chief Marketing Officer: An experienced marketing professional responsible for the marketing and branding strategy of Veloce Media Group.
The team's qualifications and experience suggest they have the ability to execute their vision and deliver on their roadmap. Their backgrounds in motorsports, business development, and technology position them well to lead a project focused on gaming and racing experiences.
Conclusion
Veloce is at the forefront of the Web3 revolution, leveraging blockchain technology to transform the gaming and motorsport industries. With its innovative VEXT token, decentralized VEXTVERSE dApp, and a passionate community of millions, Veloce is poised to redefine fan engagement and ownership in the world of sports and entertainment.
By empowering fans to have a tangible influence on the direction of their favorite teams, content, and experiences, Veloce is creating a new paradigm for fan-driven ecosystems. As the project continues to evolve and expand, it has the potential to become a major player in the rapidly growing Web3 space, attracting even more users, partners, and investors along the way.
