Velvet Airdrop and Exclusive NFT Series: All You Need to Know

What is Velvet Capital

Velvet.Capital is a revolutionary blockchain-based Cross-Chain Asset Management protocol that enables individuals and institutions to create diversified DeFi products across digital assets and ecosystems.

These DeFi products can range from simple tokenized funds and crypto portfolios to complex structured products and advanced yield farming strategies.

For institutional clients who wish to build DeFi products using Velvet, the platform provides a "DeFi-as-a-Service" product that comes with application programming interfaces (APIs).

By integrating with major DeFi primitives, Velvet Capital enables anyone to create and manage tokenized funds, portfolios, yield farming strategies, and other structured products.

A Decentralized Community-Managed Ecosystem

To ensure that Velvet becomes a decentralized, community-managed ecosystem, the team plans to introduce its governance token, VLVT. The token, which grants voting power to token holders who stake their tokens on Velvet, will be used to ensure that financial infrastructure becomes a public good owned by its users, and brings value to them.

Aside from governance, VLVT will also provide utility to users. Velvet.Capital will earn revenue in several cryptocurrencies and use them to buy-back VLVT from the market, distributing rewards to token holders who stake their tokens to participate in governance. Additionally, the platform is creating a Risk Management module to act as a backstop during unforeseen events, creating a network effect that increases the benefits for users and aligns incentives for governance participants.

To further decentralize the ecosystem, Velvet plans to allocate 50,000,000 VLVT tokens to early adopters via retroactive distribution and further staking rewards, with allocation based on three main parameters: 

1. User’s Total Value Locked (TVL) on Velvet — the more you deposit the more tokens will be allocated to you
2. Time using Velvet — the longer you keep your deposit the more tokens will be allocated to you
3. Start date — the earning rate per day will be decreasing exponentially, the earlier you join — the larger allocation you’ll earn

The snapshots will be publicly shared to verify eligibility for token distribution. The earlier users join and the more they deposit, the more tokens they will receive. Token holders will have the opportunity to drive Velvet's development by submitting proposals and actively participating in governance. Further opportunities to earn tokens will be available by becoming a Velvet Ambassador or contributing to the protocol development and growth. The Velvet Ecosystem Fund will regularly distribute VLVT tokens to contributors.

Velvet Founders Club NFT Series

The Velvet Founders Club NFT Series has been launched to recognize and reward the  individuals who have been instrumental in driving the DeFi Revolution. It is a limited edition NFT project that provides utility and long-term value to the community. The NFT will serve as a gateway into the Velvet DAO, offering its holders a range of exclusive benefits and the opportunity to actively participate in shaping the future of the DAO.

The Velvet Founders Club NFT is an exclusive NFT granted by the Core Velvet Team to recognize the contributions of its most dedicated early supporters and advocates. The NFTs feature founder-themed designs that are both fun and pun-filled. Holders of the NFT will have access to a range of benefits, including participation in shaping the future of DeFi.

The Velvet Founders Series is designed to create something valuable, fun, and long-lasting for the community, and to achieve this vision, the Core Velvet Team has partnered with a real-world artist. In addition, the team is continuously exploring new ways to enhance the utility and experience for the community. 

NFT Utility, Rewards, and Perks

1. Double your airdrop amount at token distribution period
2. Double your veVLVT voting power when staked with $VLVT
3. Earn royalty fees on all secondary sales
4. Receive exclusive Velvet Founders swag
5. Access to closed in-person events,the Founders-only Telegram group, and exclusive strategies by top partner Hedge Funds

How to Earn a Velvet Founders Club NFT

To earn a Velvet Founders Club NFT, interested parties can only mint them prior to the $VLVT token airdrop by completing one of several tasks. These tasks include depositing more than 10 BNB into portfolios on Velvet.Capital, creating a new fund with a TVL of more than 100 BNB, referring three users who meet the aforementioned criteria, reporting major bugs and providing resolution suggestions, participating in user testing sessions (with relevant experience), and leading marketing campaigns for Velvet DAO (with a strong personal following).

The Velvet Founders Club NFT Series has been introduced by Velvet to enhance the utility and benefits of its $VLVT token. As a native governance and utility token of the platform, $VLVT plays a crucial role in Velvet.Capital's ecosystem. Holding and staking $VLVT enables users to actively participate in the decision-making process, vote on proposals, and influence the platform's development.

In addition to this, $VLVT token holders can enjoy various incentives such as fee reductions, exclusive access to investment strategies, and more. This move is expected to provide enhanced rewards and experiences for token holders within the Velvet.Capital ecosystem.

Velvet.Capital’s mission is to simplify the world of DeFi and make it more accessible and intuitive for everyone, with the goal of onboarding the next billion users into the world of cryptocurrency. The retroactive distribution of 50,000,000 VLVT tokens and the launch of the Velvet Founders Club NFT Series are two notable initiatives to foster a decentralized, inclusive, and efficient financial system ecosystem. With these moves, Velvet.Capital is set to provide enhanced rewards and experiences for token holders within its ecosystem.

Stay updated with Velvet Capital and its developments via the following links:

Website | Twitter | Telegram | Docs