The NavCoin community are one of our core audiences for Valence due to where the idea came from and their involvement in getting the project this far. To activate the NavCoin community as Valence application users and developers we will be distributing a large portion of VALE to the owners of NAV.

This allocation of VALE will be split proportionally between addresses which participate in staking NAV from the start date (1 December 2018) until the public token distribution portal for Valence is launched (date TBC). If an address stakes 1% of the blocks during this period and all other eligibility criteria for receiving the tokens are satisfied, they will be eligible for 1% of the VALE in this segment.

VALE tokens will be distributed via Valence’s public distribution portal during the distribution event (2 - 3 month window). Users must register for the portal and prove they are the owners of the addresses which performed staking to claim their VALE. Proof of claim is by providing the NAV address which mined the eligible blocks and their cryptographic signatures as proof of ownership.

Claim due will be calculated from the publicly verifiable NavCoin blockchain data. VALE will be distributed to eligible participants at the end of the public distribution period.

Depending on the legislation of your jurisdiction at the time of public distribution, there may be additional eligibility criteria and some jurisdictions may need to be excluded altogether. So, please note that participation in the airdrop does not guarantee you an entitlement to any tokens.

Please read the full terms and conditions. Your participation in the airdrop is considered agreement to the terms and conditions.

We are in the process of defining the other mechanisms we will use to distribute VALE to the public and fund the project. The other public distribution methods we are considering are bug bounty programmes during the public beta, an airdrop to GitHub developers at the time of public distribution, a Valence Application kickstarter programme after launch, and more.

The full details of each of these distribution segments will be published as the details are confirmed and their commencement is nearer.

Once the Valence Platform launches, the blockchain will be validated by a variant of Proof of Stake. Anyone who has valid collateral and meets the services requirements is eligible to participate in maintaining the network.

We intend there to be a fixed number of approximately 3.15 million VALE to be distributed via mining each year.

Valenodes will provide the backbone of the data network which serves Valence Application data as well as other network functions such as routing for the encrypted communication protocol. The collateral amount to run a Valenode is yet to be defined, but we are aiming to make it a low barrier to entry to incentivise decentralisation. Anyone with a valid collateral transaction who meets the service requirements is eligible to participate.

We intend there to be a fixed number of approximately 1.05 million VALE to be distributed to Valenodes each year.

These tokens can be accessed by community driven proposals for building new Valence applications. The intention is to provide the network with a mechanism for supporting new applications which provide services to the network.