11/12/13. Staking, Referral & Intrinsic Burn Program

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Staking Program

Verticate introduces a staking utility as a strategic tool to spur growth and widespread adoption of Verticate. Initial staking serves a promotional purpose, followed by staking to encourage retention of VERT tokens and stimulate community growth through a tiered reward system offering benefits such as discounts.

This approach mirrors successful models like Travala, which incentivizes its users to stake 10,000 tokens to secure a permanent discount on tickets, fares, bookings, and more.

Referral Program

Verticate also incorporates a referral system aimed at fueling brand growth and fostering community engagement. It rewards individuals who make positive contributions through referrals, thus stimulating a proactive user base and expanding the Verticate community.

Intrinsic Token Burning Program

Verticate employs an intrinsic token burning program that contributes to the inherent value of Verticate. When Verticate tokens, like VERT, are used for processes such as minting the Verticate Digital Identity, they are consumed or "burned". This mechanism helps to regulate the token supply, potentially increasing the value of remaining tokens and thereby providing an intrinsic value to Verticate.