Ad Rewards & Burning
Verychat core coin-consuming “ads” are redistributed to the ecosystem below, and some are burned.
Recovery to Finance/Ecosystem
A portion of the VERY consumed through the Verychat and VeryAdSense advertising systems is recovered to the finance/ecosystem fund, to be used as support for ecosystem expansion or burnt if reserves exceed a certain amount.
Main Advertising Cost (50%) Main advertising refers to all ads outside of Verychat channels and those paid through Very AdSense. 50% of this is consistently recovered to the "Finance/Ecosystem."
Channel Advertising (10%) 10% of the VERY paid for ads run by community channel owners is consistently recovered to the "Finance/Ecosystem."
Node Validator Rewards
A portion of the VERY used in the Verychat and VeryAdSense advertising systems is continuously distributed to node validators, ensuring sustainable proof of node operations.
Layer 1 (Very Mainnet) Rewards: Validators holding Node NFTs on the Very Mainnet receive a distribution not only from node proofing but also 10% of the main advertising and 10% of channel advertising paid by advertisers, proportional to their holdings of the total Node NFTs. Distribution Formula: 10% of the total ad payment * (Owned Node NFTs / Total distributed NFTs)
Layer 2 (Very Fastnet) Rewards: 20 entities of the Very Fastnet council (trusted companies) receive 10% of the main advertising and 10% of channel advertising paid by advertisers, distributed according to each entity’s contribution, supporting the continuous operation of Very Fastnet.
Channel Owner Rewards
Channel owners who host channel ads registered in the Verychat advertising system on their channels receive 50% of the VERY depleted by the ads as rewards. Once the ad budget is exhausted, the posts are automatically deleted.
Staking Rewards
A portion of the VERY used in the Verychat and VeryAdSense advertising systems is allocated as staking rewards for channels.
Detailed distribution ratios for channel staking can be checked within the channel staking settings.
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