What is VIS token and its use-cases?

$VIS tokens are ERC-20 based utility tokens designed to be used within the ENVISION ecosystem. 

The VIS token is designed to price appreciation in addition to organic adoption.

The VIS token is designed to be a great Store-of-Value (SoV) with organic price appreciation, assuming adoption. VIS tokens are equipped with three key features that make them incentive-rich for holders.

  • 0.2% of all VIS transactions are burnt, assisting the stability of VIS
  • 0.5% of all VIS transactions are sent into locked liquidity pool, reducing circulating supply and increasing liquidity as adoption increases
  • Fixed maximum supply, 100% of tokens are minted with no additional supply being created

The primary use-cases of the VIS token are as follows:

  • Payment Mode within Envision Marketplace: VIS tokens are the exclusive form of payment on the ENVISION marketplace where consumers exchange VIS tokens for NFT associated to stock media directly with the content creator.
  • Staking Rewards: VIS will be distributed for rewards, used in exchange for content rights and used to receive staking rewards. 

Fuel Adoption: The VIS token has been created with the intention of developing utility with increased adoption and market capitalisation.