Virtuals Protocol Announces Updates to Value Accrual Mechanism

BlockBeats News, January 15th, according to official sources, Virtuals Protocol announced that since October 16, 2024, it has cumulatively received 12,990,427.85 VIRTUAL tokens in transaction revenue through post bonding. This will be used to conduct a buyback through a 30-day time-weighted average price (TWAP) and burn the corresponding governance tokens.

Virtuals Protocol will update its value accrual mechanism, and the post bonding tax will be allocated according to the following proportions: 30% to the governance creator, 20% to the governance associates, and 50% to the governance sub-DAO for future governance decisions. Creator rewards will be directly sent to the governance deployer's wallet.