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Verity One Token Properties Summary

Comprehensive Overview of the Multi-Token Ecosystem on Polygon (ERC-1155)

The Verity One Token Ecosystem operates on the Polygon (MATIC) blockchain using the ERC-1155 multi-token standard. It supports multiple token types designed for utility, environmental accountability, and collectible engagement. Below is a breakdown of each token, its use case, and its technical implementation.

1. V Token (Base Utility Token)
  • Supply: 1,000,000,000 (1 Billion)
  • Type: Fungible
  • Purpose:
    • Core utility token within the Verity One ecosystem
    • Used for payments, tracking, access, and internal smart contract functions
    • Required for minting Nutrient Credits (1 NC = 1,000 V Tokens burned)
  • Minting Authority: Fully pre-minted; no additional tokens can be created
2. Pearl Token (MEME NFT)
  • Supply: 100,000,000 (100 Million)
  • Type: Non-Fungible Token (NFT)
  • Purpose:
    • A symbolic and collectible asset representing participation in Verity One
    • Designed to be a "memeable" digital artifact within the platform
    • Tradable and transferable but holds no utility in NC creation or redemption
3. Nutrient Credit (NC NFT)
  • Supply: Variable (Minted by burning 1,000 V Tokens per NC)
  • Type: Non-Fungible Token (NFT)
  • Purpose:
    • Represents verified environmental remediation (e.g., nitrogen/phosphorus reduction)
    • Each NC has a unique UUID for traceability
    • Functions as a tradable environmental asset eligible for offset claims
  • Expiration:
    • Valid for 36 months + 7 days
    • Can be manually retired or burned upon expiration
4. Token Utility & Smart Contract Features
  • Standard: ERC-1155 (supports both fungible and non-fungible tokens)
  • Blockchain: Polygon (MATIC)
  • Metadata & UUIDs:
    • Each NC includes a UUID for compliance-grade traceability
    • Metadata stored securely for transparency and regulatory reporting
  • Smart Contract Functions:
    • Automatic Expiration: NCs expire after 36 months + 7 days
    • Event Triggers: Expiration triggers an NCExpired smart contract event
    • Retirement on Use:
      • NCs can be manually retired when used for pollution offset or compliance
      • Retired NCs remain recorded but are no longer tradable
    • Tradability & Value Decay:
      • NCs are tradable until expired or retired
      • Value diminishes as the expiration date approaches
5. Compliance & Tracking
  • Ownership Tracking:
    • Every NC is tied to a wallet, enabling accountability
  • Transfer Logs:
    • Every transfer is logged to preserve historical ownership records
  • Audit-Ready:
    • Smart contract data supports ESG verification and regulatory compliance