Vent Finance raised $1,362,000 from its token sale. A total of 67,035,714 tokens have been sold. The $VENT token is an ERC-20 (Polygon Chain) based token with a total supply of 250,000,000.
The token distribution is an important aspect of any project as it directly affects the project's long-term growth and sustainability. The Vent Team has allocated the necessary supply to private sale investors to fund the development and growth of the Vent ecosystem. All partners involved in the private sales are strategically chosen and important to the project's long-term maturity and have been carefully vetted through KYC/KYB verifications.
For the public token sale, we have allocated a sufficient amount to reward early supporters of our project and allow them to participate in future IDOs on the VentUp launchpad. The remaining tokens will be used for operations, marketing, development, liquidity for exchanges, partnerships, advisors, community incentives, and team allocations.