Overview
Last updated
Last updated
Trading locked positions in the crypto space, such as vesting or staking tokens, whitelist slots, points systems, and airdrops, is gaining traction. The challenge is that these locked positions are not suitable for spot trading, where assets can be delivered from sellers to buyers instantly. Instead, it would involve future trading, with the deal settled and assets transferred to buyers at a later date. However, this solution can be costly, time-consuming, and require significant effort from all involved parties.
Vemo Network takes a different approach. By leveraging ERC-721 and standards, Vemo tokenizes locked positions into NFT Accounts or Smart Vouchers. These are referred to as independent asset layers, enabling trading, lending, and fundraising in the market:
NFT Account: Adhere strictly to the implementation of ERC-6551, which grants an NFT the same rights as an Ethereum user (or Externally Owned Account - EOA). This includes the ability to self-custody assets, execute arbitrary operations, control multiple independent accounts, and utilize accounts across multiple chains.
Smart Voucher: A specific implementation of ERC-6551 focuses on storing assets and vesting information in the vouchers. Voucher holders can claim tokens based on on-chain vesting schedules or sell them on the secondary market.
Moreover, Vemo Network has developed a marketplace specifically for trading these new assets. Its intuitive interface and user experience are designed to accommodate a wide array of users.
This solution provides numerous advantages to both project owners and users:
For project owners:
The ability to integrate the Vemo protocol at no cost.
No requirements to implement vesting contracts.
Simplified market making process.
For users:
Effortless transfer and trading of locked positions.
The capability to claim tokens from locked positions, aligned with the release schedules.
At the heart of Vemo is an open-source protocol that manage all aspects of creating nft account, smart vouchers, claiming tokens according to vesting schemes, and more. Any Dapp can freely integrate with the Vemo protocol.
While the open-source protocol is available for integration at no cost, certain built-in modules may impose fees in line with their business models. This approach helps sustain the operation of the Vemo Network.
