VEMP (VEMP) Price

VEMP is the token ticker used by the former vEmpire DDAO project and is also the new name adopted by the project in 2023. The project announcement stated that vEmpire DDAO was rebranded as VEMP; therefore, references to vEmpire DDAO in older materials refer to the project's former name.

According to the early whitepaper, VEMP was designed as the project's native token, used to distribute rewards to trading-card battle winners, liquidity providers, stakers, and DDAO participants. In other words, the design connected the token with participation in games, liquidity, and community organization, rather than using it only as a naming identifier. These uses come from the design description in the 2021 whitepaper. That document also contains products and roadmap content yet to be implemented, so it cannot by itself establish that every function is still operating or available today.

According to the early whitepaper, holders could stake VEMP and receive xVEMP; xVEMP was designated as the DDAO governance token, through which holders obtained voting rights and eligibility to participate in governance. The key change is that once VEMP entered the staking mechanism, xVEMP represented that governance position. The whitepaper used 1 VEMP corresponding to 1 xVEMP at launch as an example, and stated that, after rewards entered the system under its envisioned model, staking the same amount of VEMP later might yield less xVEMP. This is the historical model's explanation of reward accumulation and the conversion relationship, not a commitment regarding the current conversion rate, yield, or availability of staking services.

The early whitepaper planned an initial VEMP supply of 90,000,000 tokens and phased issuance by tokens minted per block: 20 tokens per block in years 1 through 3, 15 in years 4 through 12, 10 in years 13 through 19, and 5 in years 20 through 21. Under that plan, the planned total supply was 810,720,000 tokens. Initial supply and planned total supply are therefore not measured on the same basis: the former is the quantity at the start of the plan, while the latter includes tokens produced per block in later phases. This is a historical issuance plan and should not replace a query of current on-chain supply or circulating supply.

The 2023 renaming changed the project's public-facing name and brand presentation; the announcement also stated that the project's core vision remained unchanged and proposed bringing blockchain gaming into the VEMP ecosystem. It was not an announcement of token migration, conversion, or supply adjustment, so it cannot be used to infer that holders' assets underwent an automatic conversion.