VaporDEX
  • Introduction
    • Welcome to VaporDEX
  • VaporDex
    • Swap & Aggregator
      • How to Swap
      • Who do we Aggregate through?
    • Liquidity Pools
      • Overview of LP Pools
        • What are LP Pools & IL
      • Creating a new pool
      • Launching a token
      • Add to existing Liquidity Pools
      • Concentrated Liquidity Pools
        • Capital Efficiency
        • Active Liquidity
        • Range Limit Orders
        • Mitigating Risk
        • Concentrated Liquidity Vs Standard Pools
      • Telos on VaporDex
    • Bridge
      • How to Bridge?
    • Fiat On and Off Ramping
      • Mt Pelerin
      • Onramper
    • Vape Token
      • Introduction to Vape
        • What is VAPE?
        • Why a new token?
        • The Expanded Role of VPND
        • Role of VAPE in our ecosystem
        • Governance for VaporDEX and VAPE
        • VaporDEX Fee Harvesting
        • Primary Markets for Vape
          • Which market to earn VAPE is right for you?
        • Supply
          • Allocation of initial supply
        • Emission Types
          • Genesis Pool (Direct Emissions)
          • Liquid Staking (Direct Emissions)
          • Enhanced Staking (Indirect Emissions)
          • Stratosphere Rewards
        • VAPE manufacturing & node-powered infrastructure
        • FAQ's
          • Will I need a node in order to manufacture VAPE?
          • Why do we need manufacturing, it seems unnecessary?
          • What if I don’t want to participate in manufacturing, can I sell my materials or transfer them to so
          • Why should I bother manufacturing VAPE?
          • How many nodes can I stake on buildings?
          • Will staking my node on a building burn my TVL?
          • If I stake my node on a building, will it still earn VPND from the VaporNodes reward pool?
          • Will a 10K Node be more powerful than a 10M node in the manufacturing process?
          • Do I lose VAPE materials that I deposit into a building, but fail to be refined, processed, or token
      • Genesis
        • What is the Genesis Pool?
        • How does the Genesis Pool work?
        • How does the Genesis Pool work?
        • How do you determine how much VAPE you will be able to claim from the Genesis Pool?
        • How does the Genesis Pool allow the community to determine the true value of VAPE?
        • Initial Evaluation
        • Market Valuation
        • Role of Various Community-Driven Valuations
        • What to expect from VaporFi Labs during the Genesis event?
    • Liquid Mining
      • VPND Liquid Mining
        • Participation & Eligibility Overview
        • Seasons Concept Overview
        • Overview of Components
          • Deposit VPND
          • Purchase a Mining Pass
            • How Do we Split Mining Pass Fees?
          • Withdraw VPND
            • Early Unlock VPND Cooldowns
          • Claim VAPE
          • Boost Score
        • Mining Mechanics
          • Mining Seasons
          • Seasonal Scoring
          • Boost Impact
        • Token Allocation & Reward Distribution
      • VAPE Liquid Mining
        • Reward Distribution Model
    • Token Factory
      • Anti-Bot and Anti-Whale Features
      • Technical Simplicity
      • Token Launch Considerations
      • Fees
    • Ads
    • Supported Chains
      • Avalanche
      • Telos
      • Apechain
  • Stratosphere
    • What is Stratosphere?
      • How to see your soul bound NFT from Stratosphere
      • How to enroll in Stratosphere
      • Stratosphere FAQ
  • Developers
    • Github repositories
    • Contracts
    • Audits
  • Support
    • Where to get help?
  • Social Media
    • Twitter
    • Discord
    • Medium
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  1. VaporDex
  2. Vape Token
  3. Genesis

How does the Genesis Pool work?

PreviousWhat is the Genesis Pool?NextHow does the Genesis Pool work?

Last updated 2 years ago

The Genesis pool is a critical market, and the first opportunity for the community to acquire their own VAPE tokens. This mechanic has not been used before, so please be extremely mindful of the nuances and design. Participants in the Genesis Pool event are permanently surrendering VPND for an amount of VAPE tokens that will only be determined at the end of the event, based on the total amount of VPND surrendered by the full community.

IMPORTANT: The Genesis Pool is an exclusive one-time event for Stratosphere members. Stratosphere is our free rewards program, and new community members will be able to join by and minting their free soul bound NFT.

  • VaporFi Labs pre-mines 420,000 VAPE tokens and locks them in the Genesis Pool (with Lossless protection)

  • On January 13, 2023 — the Genesis Pool opens, it remains open through February 12, 2023

  • VAPE token rewards from the Genesis Pool are available to be claimed, starting on February 13, 2023

  • Community can participate by going to the new Genesis Pool UI on VaporDEX

  • Participants can voluntarily permanently surrender any amount of VPND into the Genesis Pool, this VPND is immediately removed from the participants wallet and is non-refundable. VPND must be in a wallet and cannot be taken from a node. This can be repeated as many times as desired for the duration of the event

  • Your share of VPND surrendered at the end of the event is your share of the 420,000 VAPE tokens

  • Over the course of the Genesis event, as other participants deposit VPND — your share may decrease. To defend your stake (if you choose to do so) and earn a larger allocation of VAPE, you will need to add more VPND

  • As VPND is surrendered into the vault, the initial valuation of VAPE increases — every VPND token surrendered represents value that was willingly surrendered in exchange for VAPE

  • At the end of the Genesis event, the Genesis Pool emits 420,000 VAPE tokens, claimable by the participants of the Genesis pool. Each participant will be able to claim x% of the 420,000 VAPE tokens, with x% being equal to their share of total VPND surrendered

  • Participants can claim their VAPE immediately after the event and create a liquidity pool on VaporDEX and establish a secondary market

  • VAPE claimed from the Genesis Pool is fully transferable and does not require any additional steps to enter circulation

  • 1.0% of VPND surrendered into the Genesis Pool is permanently burned, resuming the deflationary mechanics of VPND that were paused during our GDM deployment

  • The remaining 99% of VPND surrendered into the Genesis pool is escrowed to replenish the VaporNode reward pool and extend its runway of VPND emissions

IMPORTANT: Depositing VPND into the Genesis pool is a permanent surrender of your deposited tokens. Once deposited, you will not be able to withdraw or reclaim your tokens. Your stake in the pool will change over time as other people deposit their own VPND and your stake may become diluted unless you add more tokens.

pre-enrolling on Stratosphere