Draft proposal. $VEIL has not launched. Every figure on this page is a working proposal and may change before launch. Nothing here is an offer to sell tokens, financial advice, or a promise of value or returns. Features marked planned are not in the current contracts.
$VEIL is the coordination token of Veilify. It aligns the people who make the privacy set bigger and the network more reliable: users who exit through convoys, relayers who deliver them on time, and holders who govern the protocol’s parameters.

At a glance

Allocation

Vesting

Circulating at launch: early users 3.5% + liquidity 5% + treasury 2% = 10.5%. Contributor and investor tokens can’t be staked for fee share until they unlock. This keeps early fee distributions with active participants.

Emissions

Privacy-set incentives (300M) decay each year, front-loading rewards while the anonymity set is smallest and most valuable to grow. Relayer & operator rewards (70M) follow the same 40 / 30 / 20 / 10 curve. As emissions fall, protocol fees are designed to replace them. See Token Flywheel.

Supply sinks

  • Buyback and burn: 15% of protocol fees buys VEIL on the open market and burns it; another 60% buys VEIL for sVEIL stakers. See Buyback and burn.
  • Slashing: slashed relayer stake is burned.
  • Staking lockups: sVEIL unbonding takes 14 days.