TECH HY DAO Fund TestNet Launched
We are excited to announce the launch of the TECH HY DAO Fund platform on the TestNet – https://techhy.app/
This platform will become the core of the decentralized operations of the TECH HY ecosystem, enabling everyone to directly participate in the development of the ecosystem, take part in voting, and influence DAO Fund decisions.
Within the TECH HY DAO Fund, both VC and VG tokens will circulate.
VC Token
The VC token is the primary utility token of the ecosystem and the main component of the DAO Fund Treasury.
The VG token is a membership token. Its quantity determines a member’s position in the ecosystem hierarchy and grants specific privileges compared to other club participants.
In addition, the VG token provides voting rights and decision-making power within the DAO Fund’s investment committee when allocating Treasury resources.
By staking VG tokens, you receive rewards in the form of:
The VG token also acts as a bridge within TECH HY’s strategic partnerships with Gybernaty and others.
It plays a key role in liquidity generation for the VC token, partner tokens, and incubated project tokens within TECH HY.
VGX Token (soon)
VGX is TECH HY’s tokenized equity.
25% of the company’s equity will be tokenized, with a total emission of 1,000,000,000 VGX tokens.
All VG token holders, after mandatory KYC/AML verification, will be able to exchange VG tokens at a fixed rate for VGX tokens and become co-owners of TECH HY.
The exchange will be available in both directions, increasing the liquidity and utility of both VG and VGX tokens.
VGX is a security token and will be tradable and exchangeable within a closed WhiteLabel infrastructure powered by Marsbase –https://app.marsbase.xyz/r/start
TECH HY DAO Fund Today
The main functionality of the TECH HY DAO Fund has already been implemented and opened on Testnet, including:
- Purchasing VC tokens
- Creating VC-BNB LP tokens
- Burning LP tokens for rewards in VG tokens
- Staking VG tokens
- Staking LP tokens
VG Token Drop
To confirm market interest in our club, motivate learning, expand the community, and engage active participants, we are launching a 1,000,000 VG token airdrop.
- Connect your wallet in Testnet mode to https://techhy.app/
- Claim free test BNB from a faucet (e.g. here)
- Buy VC tokens using test BNBt
- Create a VC-BNBt LP token
- Burn the LP token to receive VG tokens
(Detailed step-by-step instructions will be published soon)
Once 1,000,000 VG testnet tokens are issued, participants will receive real VG tokens on their wallets at a 1:1 ratio (1 VG testnet = 1 VG mainnet).
Reaching this 1,000,000 VG Testnet milestone will also mark the finish line for launching the Mainnet and the VC Token TGE.
A live counter widget for issued VG testnet tokens is available on the homepage: https://techhy.app/
Test the burning and generation process of VG tokens, share your experience, and help identify any issues.
We greatly value your feedback and will reward your activity!
Thank you for your support and patience! 🙏
Remember! Together, we can transform the Venture Industry into one that works for everyone 💚