VRH-Versailles HeroesDetailed Description

VRH-Versailles Heroes Detailed Description

VRH-Versailles Heroes
VRH (Versailles Heroes) is a DAO (DeFi) financial infrastructure on the Ethereum chain, aiming to build a high-growth TVL financial environment for DeFi investment. VRH tokens pass ERC -20 contract issuance, through the DAO agreement to achieve open, transparent and fair governance, and used to actively explore the ecological development of DeFi and blockchain games. Investors can lock VRH for 1 year, 2 years, 3 years, or 4 years to obtain veVRH. veVRH can vote on network proposals, and can also use veVRH to create a guild or join a guild for mining. To obtain GAS and participate in the guild's internal competition, the individual mining weight can be accelerated up to 2.5 times, thereby establishing a competitive environment that promotes market value growth, allowing investors who participate in the competition to use GAS acceleration to obtain higher returns.

Blockchain application
DAO Governance Agreement
Create DAO through the Ethereum smart contract, any decision in the network will be made through the DAO proposal,Community-orientedmain driver, leading product development and code iteration .

NFT non-homogeneous token
Use EthereumERC-721 contract to issue NFT,endowGameDigital ownership and construction of items Play To EranEconomy system that enables users to be inGet token rewards, and use safeTrade in a digital environment.

doubleToken pledge mining
Different from traditional LP mining, VRH builds an ecosystem of parent and child coins, and MOH game coins The output of the game, VRH as the mother currency is mined through DAO voting, and the sub-coin is used to burn to provide assistance for the mining of the mother currency.

Development History The economic model of Versailles Heroes is inspired by Curve, In 2021 Q2, the Versailles Hero Technology Lab conducted mathematical reasoning on the Curve economic model, and began to set plans in the same quarter, actively explored the combination of DeFi and games, established an economic model, and positioned the game style as a light science fiction theme. In 2021 Q3 Build the world view of the origin of the game, start to construct the NFT hero model, start developing the game and establish the Play To Earn system in 2021 Q4, start building the DAO ecology in 2022 Q1, the Versailles hero technical team, develop multiple smart contracts, and release the project white paper in 2022 Q3. In 2022 Q4, three rounds of IDO will be released, and the DAO governance protocol will be opened.

VRH inflation
VRH Total A total of 2.424 billion pieces will be issued, 70% of which will be mined by the veVRH guild. The supply of tokens will be controlled according to the mechanism of segmental attenuation, and the inflation of mining output will decrease every year
2^{1/4}, remaining 30% is 727.2 million VRH, pre-mined to the core team, foundations, investors, IDO, Grants & Bug Bounties, airdrops, etc., of which the team part is locked and released linearly through the contract .

The details of the initial supply distribution of 727.2 million VRH tokens are as follows:
33.3% core team lockup 30 Annual linear release

23.3% foundation locked for 35 years and released linearly

23.3% investors lock up 35 years of linear release

10.0% IDO (0.1/0.15/0.2USDT for 3 rounds)
10.0% Grants and Bug Bounties

0.1% Airdrop

Governance Voting and Mining
Governance
Community DAO (or "DAO") manages the day-to-day operations of the protocol.

Voting is based on the user's holding "Vote Escrowed VRH" (veVRH). veVRH is obtained by locking VRH for up to 4 years, and 1 veVRH is equal to 1 VRH locked for 4 years. As the lock time decreases, the account's veVRH balance decreases linearly with the time remaining before unlocking. veVRH is non-transferable.

The account must have at least 2500 veVRH can be used for DAO voting. Each vote lasts for one week. Voting cannot be performed until a full week has passed.

DAO has ownership of two admin accounts:

The ownership administrator controls most functions in the agreement. 30% quorum and 51% in favor.

create guild admin only controls the create guild function within the agreement. At least 1 million votes and 51% support.

But creating a guild administrator is controlled by the ownership administrator control. This means that guild applications created within the Aragon VRH DAO are protected by the proprietary DAO.

Mining

veVRH is obtained by staking VRH and can be used to create or join a guild. The DAO guild is The main body benefiting from the ecological mining output VRH, the guild was established through a decentralized DAO proposal, based on the fact that the guild founder has 100,000 veVRH, and the proposal reached 1 million veVRH participation, and the approval rate exceeded 51%. In this way, a guild can be successfully created, and the creator can set the guild leader commission of 0-20%. The commission rate can be increased or decreased. The commission rate can only be changed once within 7 days, and the maximum change is 1% each time.

The veVRH obtained through VRH lockup can be used as a member to choose to join a certain game guild, and mine according to the weight ratio of the individual in the guild , all veVRH holders in the guild will obtain the mining weight based on the following formula, and finally calculate the VRH released by mining according to the weight ratio.
bu*=min（0.4bu×0.6S wi/W，bu）