Decentralized opt-in financial privacy service built for Terra.
Void Protocol is a mixer-based privacy solution for the Terra blockchain. Our 3-step model (Deposit, Wait/Earn, and Withdraw) allows users to anonymize their funds easily. They will first send funds ($UST or $LUNA) into one of our Void Anonymity Pools (VAP). Within these pools, the funds are mixed with funds of other users. After waiting some time for a sufficient number of other deposits/withdrawals, the user can withdraw into a new wallet, breaking the on-chain link between the two wallets. Void utilizes ZK-snarks (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to achieve this process in a completely secure and decentralized manner, meaning there is no storage of information which can link the deposit and withdrawal wallets.
Our team consists of our project coordinator, Bitsquid, our design/marketing/admin manager, Cryptic, our three developers, Gungod (lead dev), Fonkey (front-end) and HadesBlade (back-end), and our community manager, Gretskies.
We are finally on the home stretch leading up to launch. Our devs are hard at work integrating back and front-end and working on our airdrop mechanism, as well as a whole lot of finer details. Our Zero-Knowledge library is completed and audited, and can be accessed via the Litepaper link below. We plan to hold our TGE in early May with our MVP launch not far behind.
Our native $VOID token will have a total supply of 100,000,000 and a release schedule of 72 months (6 years).
$VOID’s primary use is to stake in governance. Being a DAO, Void will thrive on community involvement and user input. Stakers will have the ability to vote on important decisions concerning the direction of the protocol.
$VOID stakers will also receive rewards coming from Void platform fees, as well as yield-returns from the Void Anonymity Pools (such as Anchor). On top of that, stakers of >10,000 $VOID will have platform fees waived.
On Pylon, we will have a $UST pool which will pay out 2,500,000 $VOID tokens, or 2.5% of total supply. These tokens will initially be valued at 0.10 $UST, so will have a total value of 250,000 $UST. We have been big fans of Pylon since the beginning and would love for the community to get some lossless $VOID tokens.
Vesting periods will be as follows:
· 6 months (300,000 tokens)
Rewards claimable after 3 months
· 12 months (700,000 tokens)
Rewards claimable after 6 months
· 18 months (1,500,000 tokens)
Rewards claimable after 9 months
We plan to launch our token sale fairly by distributing public sale tokens over three platforms. Pylon’s lossless pools will receive the 2.5m tokens mentioned above and we will launch 8.5m tokens on Atlo Protocol and the remaining 4m tokens on Thorstarter.
There will also be a Genesis Airdrop of equal size to our public sale, which means an additional 3.5m tokens will be dropped to MINE stakers. Other airdrop receivers will be stakers of $LUNA (3.5m), $ANC (3.5m), $ATLO (3.5m) and Galactic Punks (1m).
The $VOID token’s primary function is as a governance token. Holders can stake their $VOID to join the Void DAO, which will earn them the right to vote on important protocol strategies, as well as earn platform rewards and fees.
Governance will be able to vote on many options, things including but not limited to;
- Size of deposits
- Anchor Earn/Yield Governance %
- LP rewards vs Void Anonymity Pool rewards
- Alternative VAP earn strategies
- Minimum staked $VOID required to waive fees
- DAO fund usage
The Void DAO’s main priority will always be to provide a secure and decentralized financial privacy solution to its users. Other goals include, reducing opportunity cost to its users by providing reliable yield returns on capital sitting in the anonymity pools, increasing interoperability and scalability to provide privacy for other platforms and other currencies, and, once Terra & UST have been fully adopted, for the VAPs to be used as hot wallets for every transaction made in real life.
Void currently has an active and invested community, with over 10k Twitter followers and 3k Discord members engaged in meaningful and constructive conversation in order to shape Void Protocol into an innovative, yet stable and secure application.