Sacrifice
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Welcome to Sacrifice, a powerful new feature that benefits the Vault Zero community through token supply reduction and strategic Buy-Back Burns (BBB).
Sacrifice is a community-driven burn mechanism. It empowers users to contribute tokens toward a shared burn goal. Once the goal is met, Vault Zero will execute a Buy-Back Burn within 48 hours, using platform reserves to buy back tokens and remove them from circulation permanently.
Sacrifice requires 1% of the supply to be burned to trigger a BBB. This means that each user may only need to Sacrifice ~10-20 dollars (variable on price) for the Sacrifice feature to activate.
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A BBB will occur after the community has achieved the goal of burning the predefined amount of tokens. The amount of the BBB will be random and occur within 48 hours of reaching the predefined goal.
Buyback burn funds come from a combined allocation of Vault proceeds and protocol-allocated rewards. The amount is variable for each Sacrifice threshold.
The Buy-Back Burns are manually executed within a 48-hour window and involve purchasing and burning from the Vault Zero LP. Due to the protocol's cross-chain nature, arbitrage may occur. Additionally, a Buy-Back Burn can be split into multiple smaller amounts over the 48-hour period.
The “BBB Funds” wallet displayed on the Sacrifice page represents the total pool allocated for Buy-Back Burns under the Sacrifice feature. However, the actual amount used for each BBB is randomized and kept private for security purposes and to prevent market manipulation.
Here are some critical pieces of information regarding Sacrifice.
No, once you burn your tokens you are unable to get these tokens back unless you purchase more.
No, Sacrifice can vary in both the amount of BBB and the token burn threshold.
While Sacrifice does its best to positively impact price by decreasing the supply and creating positive buy pressure, it cannot guarantee a positive price impact as $VZ is an open market for users to buy and sell.