{"id":"vext-token","version":1,"language":"en","title":"VEXT Token","hidden":false,"content":"**Veloce Tokens ($VEXT)** is an [ERC-20](https://iq.wiki/wiki/erc-20) governance and utility token that fuels Veloce Media Group (VMG). It allows for membership into the community-owned global sporting, entertainment, and media group. It allows members to have their say on the direction of the VMG brand, including real-world sporting assets. [\\[1\\]](#cite-id-w0hc3a0i2kb)[\\[2\\]](#cite-id-vshmmdyrmwd)[\\[3\\]](#cite-id-odk5dy44kgm)[\\[5\\]](#cite-id-m7uf2jcywi)  \n$$widget0 [YOUTUBE@VID](yBTjs2ew-Ps)$$  \n  \n# Veloce Media Group  \n  \nVeloce Media Group (VMG) is a digital racing media network, reaching 37+ million  \nsubscribers and nearly one billion monthly views across its channels. The Veloce Group has two key entities, Veloce Esports, a gaming and racing platform, and Veloce Racing, a participant in the Extreme E championship. Veloce's powerful partnerships include operating Esports teams for Mercedes and McLaren Formula 1 teams, as well as Lando Norris' gaming and lifestyle brand Quadrant. [\\[1\\]](#cite-id-w0hc3a0i2kb)[\\[4\\]](#cite-id-plfm9zi3b4j)  \n  \nVEXT is built on top of VMG, with an established audience, Intellectual Property (IP), and  \nreal-world sporting assets. [\\[1\\]](#cite-id-w0hc3a0i2kb)[\\[4\\]](#cite-id-plfm9zi3b4j)  \n  \n# VEXT Tokenomics  \n  \nVEXT is an [ERC-20](https://iq.wiki/wiki/erc-20) token on both [Polygon](https://iq.wiki/wiki/polygon) and [Ethereum](https://iq.wiki/wiki/ethereum). The use of multiple side chains helps the network to achieve a high throughput of transactions. [\\[4\\]](#cite-id-plfm9zi3b4j)  \n  \nVEXT has a total supply of 300,000,000 tokens. The initial number of VEXT in circulation is forecast to be 17.28M VEXT. In addition to the VEXT circulating as per the above, Veloce has modeled a release of additional VEXT from Treasury, both to fund continued investment in the Vextverse and programmatically released governance rewards. [\\[5\\]](#cite-id-m7uf2jcywi)  \n  \n## Utility  \n  \nVEXT gives its users voting rights within the VMG ecosystem, it allows users have a chance to attend sporting events, private events, and personal experiences throughout the year. VEXT holders can transact across mobile games, web games, and live interactive sports features offering prizes such as tokens, merchandise, and real-world experiences. VEXT can also be used to redeem exclusive prizes and as an open-source tool, developers can integrate it into their games, services, and projects. [\\[1\\]](#cite-id-w0hc3a0i2kb)","summary":"The VEXT Token is a governance and utility token for Veloce Media Group, giving holders influence over the media group's direction and real-world sporting asset...","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Entertainment"}],"metadata":[{"id":"references","value":"[{\"id\":\"w0hc3a0i2kb\",\"url\":\"https://www.velocemediagroup.com/vext\",\"description\":\"vext token website\",\"timestamp\":1699270997887},{\"id\":\"vshmmdyrmwd\",\"url\":\"https://twitter.com/vextoken\",\"description\":\"twitter profile\",\"timestamp\":1699271009590},{\"id\":\"odk5dy44kgm\",\"url\":\"https://coinmarketcap.com/currencies/veloce-vext/\",\"description\":\"cmc - vext token\",\"timestamp\":1699271081022},{\"id\":\"plfm9zi3b4j\",\"url\":\"https://www.coingecko.com/en/coins/veloce\",\"description\":\"coingecko = vext\",\"timestamp\":1699272876007},{\"id\":\"m7uf2jcywi\",\"url\":\"https://assets-global.website-files.com/6374cf0281ce8e1cd083a897/64ef0ec19c74bc6ddbed9a82_Veloce_VEXT%20Whitepaper%20(2).pdf\",\"description\":\"vext whitepaper\",\"timestamp\":1699273040826}]"},{"id":"website","value":"https://www.velocemediagroup.com/vext"},{"id":"contract_url","value":"https://etherscan.io/token/0xb2492e97a68a6e4b9e9a11b99f6c42e5accd38c7"},{"id":"instagram_profile","value":"https://www.instagram.com/vextoken"},{"id":"twitter_profile","value":"https://twitter.com/vextoken"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/vivaveloce/"},{"id":"youtube_profile","value":"https://www.youtube.com/channel/UCQzi1flzJ0wFGivXZ34ugHw"},{"id":"discord_profile","value":"https://discord.com/invite/yVn3aRXUvv"},{"id":"telegram_profile","value":"https://t.me/vextoken"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/veloce-vext/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/veloce"},{"id":"etherscan_profile","value":"https://etherscan.io/token/0xb2492e97a68a6e4b9e9a11b99f6c42e5accd38c7"},{"id":"polygonscan_profile","value":"https://polygonscan.com/token/0x27842334C55c01DDFE81Bf687425F906816c5141"},{"id":"previous_cid","value":"QmcKTgZCMoJMnx4ajYbzcNz4oRgZRwN1Jb7VB4LyA6VRJN"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb","profile":{"username":"zainab","avatar":"QmZzhTxNPnCKWpsPJtS1YeZUiZ5vFSNHCeStpigLs2pRNt"}},"media":[{"name":"yBTjs2ew-Ps","id":"https://www.youtube.com/watch?v=yBTjs2ew-Ps","size":"0","type":null,"source":"YOUTUBE"},{"name":"image","id":"QmSaSsDsXCPeP89hB3rqxuspAsAhDmr51xw28UaostsuKU","size":"0.06","type":"GALLERY","source":"IPFS_IMG"}],"views":23,"events":[],"ipfs":"QmcKTgZCMoJMnx4ajYbzcNz4oRgZRwN1Jb7VB4LyA6VRJN","transactionHash":"0xe51f852ea2b07bc7142c7f752b0ed9baf44eac976303539ff05826cbcfa38870","created":"2023-11-06T12:58:00.000Z","updated":"2024-01-10T15:36:23.192Z","linkedWikis":{"blockchains":["ethereum","polygon"]},"images":[{"id":"QmYiihoZEs8X8uWcSh5rq6kDaKVpQhWmRcycXKMm9SsaQH","type":"image/jpeg, image/png"}]}