$COVAL and $FUEL FTW!
Emblem is a dual token economy meant to drive value for all participants. $FUEL is a transactional token meant only to be used within the Emblem platform. $COVAL is a utility token to be used within and outside of the Emblem platform.
It all starts with Emblem Vault
With the launch of Emblem Vault, $COVAL there is new value to the $COVAL economy. As the Emblem platform gets promoted and adopted in various industries, we expect to see growing demand for $COVAL tokens.
Perpetual Liquidity (Post Launch)
The Emblem platform and Circuits of Value ecosystem were built to allow everyone to participate in decentralized finance (DeFi!). As people acquire Emblem Vaults, all $COVAL collected during the launch will be burned, lowering the total/circulating supply and making the remaining $COVAL a bit more scarce.
How will it work? A simple example says it all:
[The pool has 400 $FUEL total with Tarriq at 50% of the pool and Emblem Company at 50% of the pool.]
OK! As we launch Emblem Vault, we want to create a sustainable, awesome token model that benefits all! At launch, the creation of an Emblem Vault for storage, sale, or transfer of digital assets will be priced at a special rate of 300 $COVAL. This is currently set in the contract to reflect an approximate price of 3 $USD. Although Emblem Vaults will change in price to reflect the market conditions of $COVAL, the sooner you get in, the cheaper and more valuable your Emblem Vaults are!
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