Abstract
The Value of Internet Coin (VOIC) is a utility token integrated into the Viewit platform, designed to serve as the primary distribution method for user rewards and creator earnings. VOIC's core function is to act as a liquidity bridge, allowing users to seamlessly convert their earnings into XRP for external cashout. The token's stability and sustainability are reinforced by a mandated minimum 8% infusion of Viewit's fiat revenue into the VOIC liquidity ecosystem. This structure ensures that VOIC's demand is directly tied to platform engagement and verified economic revenue, providing a robust, utility-backed value proposition.
1. Introduction & Motivation
Decentralized value transfer is maturing, but a direct, utility-backed token for rewarding engagement and providing simple user liquidity within a major content platform remains a core need.
VOIC is designed to fill this gap by providing a token that captures real economic activity on the Viewit platform. Its value is derived not from complex network security models, but from direct platform utility, continuous revenue infusion, and reliable user conversion pathways.
VOIC's core motivators are:
- User Distribution: To serve as the transparent and auditable mechanism for rewarding users for their time and contribution on the Viewit platform.
- Liquidity Bridge: To use the speed and efficiency of the XRP Ledger to facilitate quick and inexpensive cashouts for users, converting VOIC to XRP.
- Revenue Backing: To link the token's ecosystem directly to the platform's financial success through a mandatory 8% revenue infusion policy.
2. System Architecture
VOIC employs a streamlined architecture focused on distribution, utility, and conversion. The token resides on a high-throughput, established blockchain (the specific details of which are abstracted for simplicity) to prioritize transaction speed and low fees.
The system is composed of three core components:
- Viewit Platform Distribution Layer: Handles the issuance of VOIC to users and creators based on platform activity (rewards, subscriptions, paid content).
- VOIC-XRP Conversion Mechanism (Liquidity Pool): An internal or external mechanism (e.g., an automated market maker or direct bridge) that allows users to swap VOIC for XRP for cashout purposes.
- Revenue Infusion Contract/Mechanism: The smart contract or treasury function that automatically or manually injects the mandated 8% of Viewit's fiat revenue into the VOIC liquidity pool or treasury, sustaining market depth.
3. Tokenomics & Incentives
VOIC is issued with a fixed initial supply (as detailed in Appendix, or specific documentation) designed to create long-term scarcity. The tokenomics are focused on utility and liquidity, not network security.
3.1 VOIC Utility
VOIC is utilized by the user base for two primary purposes:
- Platform Rewards Distribution: Users receive VOIC as rewards for generating content, driving engagement, or participating in key platform events.
- Liquidity Conversion: Users convert their earned VOIC directly into XRP, which then serves as a global bridge asset for cashing out into fiat currencies or transferring value across different borders.
3.2 Revenue Infusion
Viewit commits to continuously infusing 8% of its net fiat revenue directly into the VOIC ecosystem (either purchasing VOIC on the open market or providing direct liquidity to the VOIC-XRP conversion pool). This systematic revenue infusion ensures a sustained, non-speculative demand source tied to the platform's operational success.
$$ \text{Liquidity Infusion Rate} = 8\% \times \text{Viewit Net Fiat Revenue} $$4. Liquidity & Cashout Mechanism
The central function of VOIC is to provide a seamless liquidity path for users to convert platform earnings into externally transferable value. This is facilitated by the VOIC-XRP-Liquidity (VOIC-L) mechanism.
VOIC-XRP-Liquidity (VOIC-L)
Users can convert VOIC to XRP, facilitating cashout or bridge payments via the XRP Ledger.
4.2 Conversion Process (VOIC → XRP)
The conversion path is designed to be frictionless:
- A user initiates a cashout request on the Viewit platform using their earned VOIC balance.
- The platform utilizes the VOIC-XRP Liquidity Pool (EXCH) to execute an atomic swap, converting the VOIC into XRP.
- The XRP is then immediately available for withdrawal by the user to their designated external XRP Ledger address, leveraging XRP's speed and low transaction cost for final value settlement.
5. Token Supply & Distribution
The total fixed supply is distributed to align with long-term liquidity and platform success. Key allocations include:
- Liquidity Pool: A significant portion of the total supply is allocated to seeding the initial VOIC-XRP liquidity pools.
- Reserve: Held by the Viewit treasury to manage unforeseen liquidity demands and facilitate the mandatory revenue infusion mechanism.
- Ecosystem & Rewards: Allocated for long-term user distribution, creator incentives, and platform growth campaigns.
- Marketing & Advisors: Funds dedicated to platform promotion and compensating strategic advisors.
- Team: Reserved for the core team, subject to vesting schedules.
6. Roadmap & Milestones
The roadmap focuses exclusively on optimizing the distribution and liquidity functions of VOIC. Each milestone is accompanied by measurable KPIs and projected timelines to demonstrate progress to holders and the market.
| Milestone | Target Date | Projection KPI |
|---|---|---|
| Secure VOIC Token Launch & Initial Liquidity Pool Seeding | Q4 2025 | Initial liquidity pool seeded with target VOIC supply. |
| Integration of 8% Fiat Revenue Infusion Mechanism | 2026 | Verification of automated 8% revenue infusion into liquidity pools. |
| Rollout of VOIC Rewards Distribution | 2026-2027 | VOIC distribution integrated across 75% of key platform features. |
| Full Deployment of Automated VOIC → XRP Conversion Bridge | 2027-2028 | 99.9% uptime and target fee rates achieved for user cashouts. |
7. Risks, Governance & Compliance
Risks are primarily non-protocol related, focusing on market, technical, and regulatory compliance.
- Market Risk: Fluctuations in the market price of XRP or VOIC could impact the fiat value of user earnings.
- Liquidity Risk: Although mitigated by the 8% revenue infusion, temporary imbalances in the VOIC-XRP pool could affect conversion rates.
- Compliance: The platform adheres to all relevant KYC/AML requirements for fiat on-ramps and off-ramps associated with the cashout process.
Governance over the VOIC token parameters (e.g., initial supply allocation, reward rates) is managed internally by the Viewit Foundation to maintain alignment with platform strategy.
8. Appendix & Glossary
This appendix contains additional technical documentation regarding the liquidity pool smart contract design, VOIC supply management details, and a glossary of terms.
Glossary (selected):
- VOIC-L: VOIC-XRP-Liquidity, the mechanism facilitating user conversion from VOIC to XRP.
- EXCH: Exchange, the central point (liquidity pool) where the conversion swap occurs.
- Revenue Infusion: The mandatory 8% of Viewit's net fiat revenue dedicated to supporting VOIC's liquidity.
- ARPU: Average Revenue Per User.