VERY
Glossary
Services and assets
| Term | Meaning in this whitepaper |
|---|---|
| VeryNetwork | The full ecosystem connecting people, services, and economic activity |
| VeryChain | The VERY blockchain network |
| VeryChat | The app at the center of conversation, channels, and participation |
| VeryWallet | In-app wallet, asset management, and transfers |
| VeryPOS | A platform for stablecoin payments and order, product, and sales management |
| VeryAds | The advertising platform using VERY for ad spend |
| VeryPay | The service name associated with registering and discovering shops accepting VERY |
| VERY | The asset used for ecosystem participation, use, and distribution |
| USDT | A stablecoin separate from VERY. Support must be checked per network. |
| Credits | Units used within a particular service; not automatically exchangeable 1:1 for VERY. |
Distribution and rewards
| Term | Meaning |
|---|---|
| Total allocation | The amount designated by policy for a particular purpose |
| Amount paid | The amount actually paid under the relevant policy |
| Circulating supply | An amount reflecting the definition of circulation and locking; not identical to allocation |
| Fruit harvest | VeryChat’s participation reward flow; not the same as block production |
| Halving | A rule that halves the base reward when a defined condition is reached |
| Invitation level | The criterion setting the fruit reward multiplier by invitation count |
| Friend boost | An extra factor based on the share of friends mining together at eligible levels |
| Buyback | Purchasing VERY again using available funds |
| Burn | Removing assets through a defined procedure; separate from purchasing |
| Node proof | Verifying eligibility and status in the node program; separate from consensus authority |
Network
EVM is the smart-contract execution environment; RPC is the interface clients use to request network operations; Chain ID identifies a chain.
“Examples” illustrate calculations and structures. “Current tier” refers to the stated verification date, not a live balance or settlement.
Policy verification record
Basis of this edition
First written on October 1, 2026. On October 7, 2026, 16 chapters were updated against all product and policy pages of the current website. The update includes tokenomics changes, team vesting and payment rules, desktop, translation, advertising, shop management, and expanded reward tiers. Chapters explain products and rewards using the latest direction and policies confirmed by the project. Conflicting figures were not filled with estimates.
Policies incorporated
| Item | Adopted basis |
|---|---|
| App participation rewards | Managed within the combined VeryChat allocation; no fixed sub-allocations for fruit, invitations, channels, or staking |
| Channel rewards | Subscription and staking rewards have not launched |
| Total allocation | 10 billion VERY: community and marketing 56%, team and advisors 19%, treasury and grants 5%, investors 10%, liquidity 10% — changed October 7, 2026 |
| Community and marketing | VeryChat rewards 3.4 billion, marketing 200 million, node validator rewards 2 billion VERY |
| Team vesting | 48 months from joining: 25% at the 12-month cliff, remaining 75% monthly and linearly over the following 36 months |
| Team lockup and payment | 12-month lockup after listing; installment payments begin after unlock under the prescribed schedule |
| Fruit rewards | Cumulative thresholds 300M / 500M / 700M / 1B / 1.4B / 1.8B / 2.2B; 12-hour base rewards 4.8 / 2.4 / 1.2 / 0.6 / 0.3 / 0.15 / 0.075 VERY |
| Invitation halving | The website’s seven tiers: 500K / 2.5M / 6.5M / 7M / 15M / 31M / 63M+ registered users |
| Friend boost example | Formula corrected to 4.8 × 5 × (1 + 6/15) = 33.6 VERY |
| Ad-spend distribution | Users and channels 50% / node proof participants 20% / burn 30% |
| Node NFTs | 8,000 total; contribution-based distribution after the initial sale of 1,600 |
| Node rewards | Initial allocation 2 billion VERY; valid proof participation adds 100% of the base reward |
| Service roles | Distinguishes USDT-centered payments from VERY’s ecosystem use and distribution |
Tokenomics change — October 7, 2026
Community and marketing changed from 5.1 to 5.6 billion VERY, and treasury and grants from 1 billion to 500 million. VeryChat rewards increased from the previous app reward total of 2.9 billion to 3.4 billion. Total supply remains 10 billion VERY. Previous tables and diagrams are preserved under previous token allocation.
This change concerns overall allocation and total VeryChat rewards. Detailed distribution and payment conditions for individual rewards, and contract-specific vesting, remain governed by their own policies; they are not recalculated from the allocation change alone.
Team vesting and payment rules — October 7, 2026
Project-provided policy establishes four-year vesting from joining, a one-year cliff, and monthly linear vesting afterward. A 12-month lockup follows listing; actual payments occur in installments after unlock according to the prescribed schedule. See Vesting and payments for the principles.
Details requiring further confirmation
Later invitation reward tiers
Invitation rewards now use the current website’s seven signup thresholds and rates. Different later thresholds from earlier documents are excluded. Total payouts cannot be calculated from signup thresholds alone without confirming eligible recipients and event usage.
Calculating final exhaustion requires confirmation of event usage, the unit of eligible recipients, and whether rewards for both parties are included.
Redistribution within the 50% ad share
The latest overall split is 50/20/30. The detailed division between users and channels and its connection to channel staking funds remain undecided. Previous separate formulas for main and channel advertising are not applied additionally.
Staking examples
Operator 20% / participant 80% is an internal channel distribution design. APY examples with unclear funding formulas and periods are not presented as current yields. Locking, unlocking, time weighting, and the latest funding structure require confirmation.
Reward measurement and operating settings
Unconfirmed details have not been invented: the scope and timing of channel reward denominators, whether inviters count in friend boosts, and exact node-proof payment cycles or disqualification handling. Actual popular-post algorithm weights are not treated as public.
Release status and technical versions
Channel subscription and staking rewards have not launched. MCP, VERY purchase and top-up in the advertiser interface, expanded cash and local payment integrations, and AI summaries are marked as planned or future expansion. VERY Mainnet RPC (https://rpc.verylabs.io), Chain ID 4613 (HEX 0x1205), and currency VERY reflect current connection details supplied by the project. See public network information for full settings. Node environments, file structure, and commands follow official 2026 packages. Downloads and installation and operating steps are in VeryChain and nodes.
Metrics and sources
| Metric | Measurement basis |
|---|---|
| Map user scale | Estimated location totals from connection logs; different from account database signups |
| 147 countries and regions | Countries and regions of users completing KYC rounds 1 and 2 |
| KYC and node withdrawals | Amounts supplied by the operations team on October 5, 2026; marketing excluded |
| POREMI campaign results | September 1–15, 2026, excluding South Korea; measured by VeryAds and POREMI |
| Node and advertising status | Separate metrics tied to each API’s retrieval or snapshot time |
Presentation figures describe their publication time; website data describes each collection date. “Current reward tier” uses the position supplied by the project as of September 27, 2026, not a live API value.
This record preserves detail while preventing figures from different periods from appearing to be one policy. Confirmed changes update both the relevant chapter and this record.
Disclaimer
For information
This whitepaper explains the VERY ecosystem’s services and technical and economic structure. It is not financial, legal, or tax advice, a recommendation to buy or sell an asset, an investment contract, or a promise of returns. Users should conduct their own review and seek independent professional advice when needed.
Price and usage risks
Digital asset values can fluctuate and losses can occur. Participation rewards, burning, user growth, and past campaign performance do not guarantee a higher VERY price or future returns. Technical and operating risks include lost wallet information, incorrect transfers, network failures, and service interruptions.
Plans, figures, and changes
Planned features and roadmaps describe development direction at the time of writing; scope and timing may change with market, technical, and operating conditions. Statistics apply to their stated measurement basis and time; demos and calculations do not represent actual payments or results. Check official service notices and applicable terms for changing policies and usage conditions.
Scope and rights
Outcomes of decisions based solely on this whitepaper are not guaranteed. Specific service use and responsibilities follow applicable law and the service’s terms. Trademarks and works mentioned belong to their respective rights holders. External content and services follow their operators’ conditions.
Sources and document history
Document information
- Version: 2026.10 English edition; based on the Korean review edition
- First written: October 1, 2026
- Full update: October 7, 2026, checked against product and policy pages for the website’s four services
- Policy change: October 7, 2026 tokenomics update — allocation history
- Team policy: October 7, 2026 vesting, lockup, and payment rules — Vesting and payments
- Scope: vision, products, tokenomics, participation rewards, channel algorithms, and node policy
- Structure: 14 main chapters and 3 appendix chapters, grouping product explanations and reward and payment policies, with formulas and operating procedures in subsections
Download the full whitepaper as Markdown
References for the problem and vision
GWDC 2026 VERY LABS presentation coverage — TokenPost, September 30, 2026. Referenced for the emphasis on actual user experience over technology alone. Article text and photos are linked, not republished.
Documents by topic
| Topic | Chapters in this whitepaper |
|---|---|
| Getting started | Introduction and vision · Ecosystem overview |
| Everyday services | VeryChat — conversation, translation, wallet, transfers · VeryPOS · VeryAds — advertising and MCP |
| VERY economy | Tokenomics · Vesting and payments · VERY circulation and ad distribution |
| Participation and rewards | Fruit rewards · Invitation rewards and friend boost · Channels and community rewards |
| Network and trust | VeryChain and nodes · Community and plans · Identity and privacy |
| Appendix | Developer guide · Terms, policies, and history · Linktree |
Included in this website reconciliation
- VeryChat: free profile-based USDT transfers, on-device translation demo, five Mac and Windows screens, and credit distinctions
- VeryPOS: customer QR orders, USDT and optional VERY payments, merchant order, product, and sales management, and separate merchant applications
- VeryAds: six placements, creative, budget, and reporting screens, the POREMI campaign, and planned MCP
- Rewards: seven fruit tiers halving every 400 million after 1 billion cumulative distribution, and invitation tiers based on registered users
- Ecosystem: KYC and node withdrawals, advertising metrics, and the basis of user-distribution estimates
Document updates
Changes in policy or product availability update both the relevant chapter and the policy verification record. Each chapter distinguishes confirmed figures, planned features, and operating conditions needing further confirmation.