Re: V-Dimension Project Release: A Game to Compete for Bitcoin Distribution
The standard and method used to calculate Vollars (Total Tradable) Circulating Supply
Thanks to the hard work from all who have participated in VDS, our ecology has been developing at break-neck speed ever since VDS went online. Many exchange platforms have listed Vollar for trade and market data platforms have put Vollar data up for display as well. The VDS ecology is continuously moving towards perfection. This is completely beneficial for VDSs healthy and stable development.
Its a timeless fact that a crytocurrencys circulating supply establishes a basis and measurement for its price. This is due to the fact that the value for any medium of exchange on the market must abide by the market pricing formula. The price on a medium of exchange = total market cash inflows/total current trade volume on the market. Therefore, accurate calculation of the total market supply is a highly critical element for the valuation of any cryptocurrency.
Due to the perfectly decentralized design concepts vested within VDS as well as its complex and meticulous design logic, the circulating market supply for Vollar (the standard monetary unit in VDS) compared with other cryptocurrencies possesses a certain degree of specialness and complexity. For example, a typical cryptos issuance amount is merely the current circulating supply in the market. However, Vollars total current market supply is obviously not calculated this way.
We know that VDS possesses quite a number of functions; example Resonance Trade, The Trust Stamp Network, Secret Chat, distributed OTC trade groups, distributed anonymous network, VAD, and so on so as to make Vollar hit its target of becoming the globally circulative currency of the future, and to finally fulfill the dream of a decentralized consensus society. The usage of these functions and the amount of Vollar actually in circulation are closely related. Take the amount of Vollar in the Resonance V-Pool as an example; Vollar in the Resonance V-Pool originates from previously issued Vollar such as the remainder of the pre-issued 100 million Vollar (calculated after deducting the 1:1 Airdrop to Bitcoin players and Initial Ecological Establishment Fund), over-volume from Resonance Issuance, and all system loss. However, since this Vollar has not yet made it to market for transactions, the Vollar supply in the Resonance V-Pool is not able to be calculated as part of the circulating supply.
Second, out of this 100 million pre-mined Vollar, 12 million are to given out as Initial Ecological Establishment Funds. Initial Ecological Establishment rewards which have already been paid out from the public funds address and into the market may be calculated into the markets total circulating supply. However, the portion still remaining in the funds address cannot be calculated because it hasnt yet entered the market to facilitate transactions.
Aside from this, super master nodes require 10,000 Vollar to be locked up in a deposit when they are created, and light master nodes require a 100 Vollar deposit. These deposited Vollar are locked to the master nodes, so it is unable to be transacted on the market, and thus cannot be calculated into the markets total circulating supply.
Also, since Trust Stamp System Networks fission promotions revenues must be locked under its VID address for 10,080 blocks, these Trust Stamp fission revenues are unable to be calculated into the markets total circulating supply for the duration that it is locked up.
In summary, the standard used to calculate the total market supply of Vollar, (VDSs standard unit of currency), is to take the sum of the pre-mined 100 million Vollar plus already issued Vollar, deduct Vollar remaining in the Resonance V-Pool, deduct Vollar remaining in the initial ecological establishment funds address, deduct all super and light master node deposits, as well as Vollar locked as Trust Stamp Fission revenues, and at last obtain the markets current circulating supply, which is the current total amount available for trade.
Here is the formula to calculate the total amount of Vollar circulating:
Vollar circulating on the market = (100,000,000 + 500*x) ➖V➖J➖10，000C➖100Q➖Y
Variables:
X is the current block number, 500 is a single blocks production, but please remember that it will be reduced by 5% every 211,680 block, then the amount produced per block is multiplied by the current block number to get the current issuance amount.
V is the amount of Vollar remining in the Resonance V-Pool, including the remainder of that which was pre-mined, issuance over-volume, and system loss;
J is Vollar remining in the initial ecological establishment funds address;
C is the current number of super master nodes, and 10,000C is the total amount of Vollar currently locked up as deposits in the addresses of super master nodes;
Q is the current number of light master nodes, and 100Q is the total amount of Vollar locked up as deposits in the addresses of light master nodes
Y is the amount of Trust Stamp fission revenues locked up at the current block time.
Only an accurate market supply can allow Vollars price to be accurate, we wish that every exchange and market data platform is capable of coming to the conclusion that the aforementioned formula is a more accurate way of calculating Vollars market supply, and better realizes Vollars actual value. Since only if Vollars price is calculated more accurately are we able to maintain mutual benefit of all VDS participants, the VDS ecology is only then able to achieve a healthier and more stable development.
Lastly, thanks to all those who support VDS, lets keep up the hard work, and build a more just, fair, safe, and free decentralized dream-future together; because every single one of us should be in true freedom, basking in limitless glory.
By: The Decentralized Financial Promotions Group
-The VDS Team
-The VDS Team