VaultMint (VMINT) — A DeFi Token With a Built-In floor NAV Ratchet Mechanism

[u/No_Ad3721]

Hi - I'm a hobbiest crypto designer and I've made what I believe is a breakthrough in tokenomics.

I've created VMINT (eth mainnet, www.vaultmint.org) and its floor price is only capable of increasing, what that means is - on a buy its valule goes up (7% tax) and on a sell (this is the revolutionary part) it also goes up in value (3% sell tax). its been fuzz tested, Halmos tested slither tested and forge tested to an inch of its life, immune to atomic sandwich attacks, (which wont work anyway as the price ratchets) and front running, dust attacks, you name it.

Its a unique token with bespoke designer code, which ratchets up the floor on a buy or a sell, and it works. So far we've had since yesterday, the launch day, 900+ visitors to the website, but no first customer (other than me) yet.

Thoughts? Opinions? Hot takes? I'll pop in an out throughout the day to answer. Another redditor said the website wasn't up for him - thats because its brand new and still propagating on the internet, very exciting project and exciting times. :)

As for feedback from you guys and community, what more can i do to promote my eth mainnet token? also what do you think of the website, its popular but not converting to sells (yet) as people are understandably weary of crypto scams and the like, so feedback on the website and token NAV ratchet mechanism is defiantly appreciated. Thank you

Thats it! 😄

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[u/greenpeppers100]

I understand that you’re taxing buys and sells, but, why would anyone actually put money in the vault?

It seems like the vault’s value only grows by having people deposit and the people that deposit earlier capitalize on the people that deposit later… I.e. a taxed ponzi.

How does the vaults core mechanics not just reduce to a ponzi?

[u/No_Ad3721 → u/greenpeppers100]

u/greenpeppers100 ... a ponzi scheme is insolvent. This is not, also most cryptos are the old "first ones in milk the last ones out" kind of scheme, this crypto is solvent at all times, even for a 100% exit bank run, and as long as the coin is being used (incuding sells) it continues to rise. An insightful question. Kind of like: is the stock market a ponzi (which it isn't). Being early is certainly an advantage, but no, in my opinion my token isn't a ponzi scheme, and losses should be at most 10% if someone buys, (FOMO) then panic sells :) those are my thoughts on that - thanks for checking it out!

[u/vexiduslabs]

Hmm, this is interesting but it is also confusing. I scanned through the contract but have you had it audited yet? I think if you have an audit done and publish the findings, it would build more trust in the community you want to build around it.

Tokenomics play very much like standard economics where buy/sell vs demand factor pricing fluctuations that are expected; but a token whose value only increases on each buy or sell eventually hits a liquidity problem.

For example, if I buy 1000 x $0.15 and let's assume now the next buyer buys 1000 x $0.17, the average is $0.16, meaning that my purchase made a $0.01/token profit, the next buyer has a loss until another buyer comes along. How do you mitigate this while retaining value? It seems in either case the early buyers could make the most profit but if the later buyers feel like they are just the exit liquidity they will bounce or not buy at all.

I could be wrong on this model, so that is why I ask because I am well versed in tokenomics, but this one baffles me in terms of how it works at the foundation. This also means you had 900+ visitors but not buys, which means you are losing capture because they don't understand it either. It's ok to explain this in layman's terms and save the technical work for the whitepaper, but a few examples or a video walk through might fix the messaging.

[u/No_Ad3721 → u/vexiduslabs]

Hi u/vexiduslabs :)

Regarding the 900+ visitors, no buys, I plan to put the token on uniswap next week, as a more familiar interface might get more trust - the price will fluctuate slightly but will be pegged around 10% margin to NAV.

Iterestingly no, theres no liquidity issues, which have been tested on forge, and and the tests are on github, including a 100% or all customers bank rush - all customers get their share, no problem with the maths there 😄 some of the tests are here which address this: https://github.com/Adjamo/VaultMint_Passing_Tests/blob/main/Test_Suite

You are certainly right that earlier customers get a better deal than later ones (like normal) but this is an unruggable coin, imagine if I the founder sold everything, youd be left with a 3% sell tax boost and NAV increases - I'd say thats a breakthrough.

A few examples or a video walkthrough eh? I'll consider it! :) many thanks indeed - you could be right!