FAQ
Vetter Ecosystem
Vetter Ecosystem is a decentralised platform comprising 15 proprietary smart contracts and feature-rich dApps supporting the collating, auditing, charting and launching of early-stage blockchain projects while rewarding members for contributing to its network.
There are two branches of the Vetter Ecosystem:
- Vetter Skylabs Launchpad ($VSL)
- CrowdX dApp ($VETTER)
Vetter Skylabs Launchpad ($VSL) gives VSL token stakers guaranteed allocation in top-tier blockchain Presale releases, with access to exclusive projects meeting exceptional standards. Vsale is an additional launchpad that follows the standard decentralised model, giving developers an open hub to launch their blockchain projects.
CrowdX incorporates advanced proprietary features powered by A.I. and crowdsourcing, designed for crypto users to confidently locate promising new crypto projects getting released to the market for the first time.
Members may choose to participate in one or both tokens to access their associative benefits.
The Vetter Ecosystem spans across multiple social media platforms and one of the best ways to stay informed is to follow the official pages via the social drop down menu on our website and turn your notifications on for the latest posts.
The Vetter community lead discord is a great place to start learning and get introduced to the Vetter Ecosystem.
DeFi stands for decentralised finance and is an umbrella term for a variety of financial services on public blockchains. DeFi provides individuals more control by removing the middleman found within traditional financial systems.
A decentralised application (dApp) is an application built on a decentralised network that combines a smart contract and a user interface. Here are a few examples of dApps developed by Vetter:
CROWDX ($VETTER)
Vetter's mission is to help rid the industry of scam tokens and provide advanced tools to investors to help them spot the next 100x. Vetter Platform incorporates advanced proprietary features powered by A.I. and crowdsourcing, designed for crypto users to confidently locate promising new crypto projects getting released to the market for the first time.
VETTER has two main functions within the Vetter Ecosystem:
- The amount of VETTER held determines user tier on the dApp. The more VETTER, the higher the tier, the more features given to the user.
- The amount of VETTER held also determines your VSL staking multiplier. The more VETTER, the higher the multiplier.
For more information, visit the Tiers and Features section on the CrowdX page.
VETTER can be acquired directly on the Swap dApp.
The advantages of using the Swap dApp can be found in the answer for “Why use the Swap dApp?” below however Vetter can also be acquired by using Pancake Swap.
Vetter Swap takes a lot of the complexities out of acquiring any current and future token within the Vetter Ecosystem. With automatic slippage adjustment and pre-listed purchase amounts, it’s the simplest and most efficient way to acquire tokens. Check it out for yourself!
Purchased VETTER will appear in the assets section of your crypto wallet. Click the link below and press the “+ add VETTER” button to add VETTER to your Metamask wallet.
https://vetterplatform.app/swap/vetter/token
For other crypto wallets, please take the time to research how to add the VETTER token to your wallet.
Vetter Swap
The Swap dApp allows a logged in user to swap BNB to either $VETTER or $VSL. It removes a lot of the complexities out of acquiring tokens with automatic slippage adjustment and pre-listed purchase amounts.
Yes, it is totally free to use. No additional taxes or fees are applied just to use Vetter Swap. However, keep in mind that a slippage is automatically applied as well as a gas fee.
One of the greatest things about Vetter Swap is that there is no need to adjust slippage, it automatically adjusts it for you. Prior to swapping, you are able to review slippage in the transaction details.
Yes, you may swap VSL to BNB using Vetter Swap.
Skylabs ($VSL)
Skylabs is powered by its native BEP-20 token (VSL). VSL is used to stake, providing guaranteed allocations to projects launching on Skylabs Launchpad.
VSL staking offers guaranteed allocations in top-tier projects.
Unlike common models that reward stakers using tokens printed out of thin air or using “degen” investment practices that often lead to losses, VSL’s non-custodial model gives stakers control of their tokens with no inflationary or high-risk practices.
It is not required to hold VETTER to stake VSL or to lock in the majority of the staking packages. However, it is possible for some staking packages to require a minimum Vetter tier to be able to lock them. See "Why am I not able to lock some packages?" section for more information on package requirements.
It is important to note that holding VETTER allows you to multiply your staking allocations!
The requirements for a given staking package are listed on the package itself. A green circle with a checkmark in it means that you meet the requirement. A red circle with a dash in it means you do not meet the requirement and therefor are not eligible to lock that package.
Each package has the following possible requirements:
- Staked Tokens: You must have enough staked VSL to be able to lock this package.
- Tier Required: You must meet this minimum Vetter Tier.
- Required Packages: You must have this number of other locked packages prior to being able to lock this one.
- Locks Allowed: This is the maximum number of possible wallet addresses that can lock this package.
Staked VSL tokens are removed from your wallet and go into the smart contract. Therefor, your wallet will not display your staked tokens.
Non-custodial staking means that you are in control of your tokens and nobody or governing team can access or interfere with your investment. This includes retrieving the investment out of the contract.
Skylabs staking is non-custodial, which means that you make the choice to leave your tokens staked with the option to unstake at any time or to lock in a staking package for the duration stated on the package. This also means that only you are able to unstake and claim.
This is different from ‘custodial staking’ where one’s staked cryptocurrency can be used for high-risk investment schemes and be lost, or where withdrawals can be restricted by governing teams outside of the terms that stakers believed they were agreeing to.
At Skylabs all staking is strictly negotiated between the staker and the smart contract with no possibility of interference.
A liquidity lock means that an external service is holding the tokens. Most often this is a done by using a smart contract. Ultimately, the liquidity lock provides security to the investors that the tokens stored in the lock are inaccessible. Locking the tokens removes the ability for the project creators to take the tokens. This is called a rug pull.
Skylabs Voting
You must connect to the dApp with a qualified voting wallet.
A qualified voting wallet meets the following requirements:
- The wallet must be registered to vote and wait till the warm up period has ended
- The wallet must have _____ VSL shares (To be determined)
The requirements set fourth are aimed to prevent a user from voting multiple times on a single vote.
All information that has been gathered by the inside sales team is placed into the "project-information" forum in the community lead Discord. Start by joining the community Discord and locate the "project-information" forum under the Skylabs Launchpad section.
Staking VSL
By holding VETTER in same wallet that you staked your VSL tokens from provides a bonus multiplier to the number of shares you have.
Staking can play a role in both price increases and decreases due to the basic economic understanding of supply and demand. Staked tokens are removed from circulation, decreasing the supply which can cause an increase in value. Likewise, as staked tokens are unstaked, the token supply increases and can cause a decrease in value.
There is no vesting inherent to staking itself, but staked VSL tokens can be locked into packages during which the tokens cannot be unstaked.
A staking package is when you take staked VSL tokens and lock them for a set duration. The benefit to locking in tokens is to receive bonus shares. Bonus shares and durations vary between packages.
The lock in period varies from package to package. These package details are displayed on each of the packages, which can be found on the staking page.
No. The tokens are locked using a smart contract which nobody can override. Not even the Vetter team.
No. Once you have locked in a package you will have to wait till the timer expires and the tokens unlock.
Yes, you are able to lock into as many different packages as you would like. However, you are not able to own the same package multiple times.
No, each individual package can only be taken once per wallet address.
Yes, each package has a start and end date found on the details of the package. Once this end date hits, the package will no longer be available. However, once you have locked into a package, you will receive its bonus shares for as long as the tokens remain staked in it. This includes even after the package is no longer available.
It is possible that there will be exclusive rewards and features given to those that own certain packages.
Not really, however every package is different. Compare packages in terms of cost versus opportunity. Take a package that you feel is worth it to you.
Vsale
Vsale follows a standard decentralised model giving developers an open hub to launch their projects and lock liquidity without a strict qualifying process. If a project submits a request to launch from Skylabs Launchpad but is not accepted, they will be referred to Vsale launchpad. Unlike Skylabs Launchpad, you do not need to stake VSL token to participate in Vsale launches. This also means you do not have guaranteed allocations and projects are not exclusive. While the community does not select projects launching from Vsale as they do with Skylabs Launchpad, Vetter Scouts sift through projects launching at Vsale and share top picks on the CrowdX dApp.
There are two different environments:
- Sandbox
- Live (found on the dApp)
Sandbox is free for both developers and users to use. It is a testing environment for everyone to get an understanding of the platforms power. See "How to host a Vsale? for more information.
There is a fee to launch a Vsale on the Live dApp however there is no cost for an individual investor to use the platform.
A Sandbox Environment was created for users to be able to test out Vsale using Testnet! This Sandbox can be found here: Sandbox Environment.
We also created a user manual on how to use it: dApp User Manual.
No, unlike Skylabs Launchpad there are no guaranteed allocations in Vsale.
Criteria such as whitelist spots depend on how the host of the Vsale has set up their project launch. The host may require your wallet to be whitelisted or it may be open to public.
VSL Vault
Vault is a unique product that creates the ability to lock tokens. This is commonly used to lock LP tokens so that developers can ensure their investors they cannot rug pull the project by taking out the liquidity. It can also be used to vest regular tokens.
Yes, once a Vsale is finalized it's LP tokens will be locked in a vault per the vesting schedule that is provided on the projects Vsale page.
