VEIL Token

Fair launch. No pre-mine. Earned through usage.

Total Supply

210,000,000

Fixed cap, no inflation

Pre-mine

All tokens earned through usage

Network

Sui

Testnet deployment

Fair Launch

VEIL is a fair launch token - no pre-mine, no VC allocation, no insider deals. Every VEIL token is earned through protocol usage: shield SUI into the privacy pool and earn VEIL proportional to your contribution.

The emission rate starts at 1:1 (1 VEIL per 1 SUI shielded) and halves every 6 months across 4 halvings. After 24 months, emissions end and the 210M hard cap is permanent. Early users earn more - creating a natural incentive to bootstrap the privacy pool.

●0% pre-mine - no tokens exist at launch, all minted through usage

●75% earned by users - privacy pool rewards (60%) + LP incentives (15%)

●Dev fund locked - 12-month cliff before any tokens unlock, then 36-month vest

●No advisors or VCs - no special allocations for insiders

How to Earn VEIL

VEIL is earned by using the protocol. When you shield SUI into the privacy pool, you earn VEIL emission credits proportional to the amount shielded. Credits accumulate and can be claimed at any time - your earned VEIL is immediately shielded into the VEIL privacy pool.

Shield SUI

Deposit SUI into the privacy pool

Earn Credits

VEIL credits accumulate automatically

Claim VEIL

Claim and shield into VEIL privacy pool

Emission Schedule

Months 1–61:1

1 VEIL per 1 SUI shielded

Months 7–120.5:1

0.5 VEIL per 1 SUI shielded

Months 13–180.25:1

0.25 VEIL per 1 SUI shielded

Months 19–240.125:1

0.125 VEIL per 1 SUI shielded

After 24 months0

Emission ends - hard cap reached

Period	Rate	Detail
Months 1–6	1:1	1 VEIL per 1 SUI shielded
Months 7–12	0.5:1	0.5 VEIL per 1 SUI shielded
Months 13–18	0.25:1	0.25 VEIL per 1 SUI shielded
Months 19–24	0.125:1	0.125 VEIL per 1 SUI shielded
After 24 months	0	Emission ends - hard cap reached

Early participants earn the most VEIL per SUI shielded. The halving schedule creates urgency to bootstrap the privacy pool early.

Token Allocation

Privacy Pool Rewards60%

126,000,000 VEILEarned by shielding SUI - halving emission

Liquidity Incentives15%

31,500,000 VEILEarned by SUI/VEIL LP providers

Development Fund10%

21,000,000 VEIL12-month cliff, 36-month linear vest

Initial DEX Liquidity10%

21,000,000 VEILSeeds AMM pool at launch

Protocol Treasury5%

10,500,000 VEILFuture governance-controlled

What is VEIL?

VEIL is a privacy-preserving token built on the Sui blockchain. Every VEIL token exists as a zero-knowledge commitment - a cryptographic proof that hides the amount and owner while still being verifiable on-chain.

Unlike traditional tokens where balances are publicly visible, VEIL uses ZK-SNARK proofs (Groth16 over the BN254 curve) to enable fully private transfers. Senders, receivers, and amounts are hidden from everyone except the transaction participants.

●All VEIL tokens are shielded as ZK commitments - users never hold transparent VEIL

●The only transparent VEIL exists inside the AMM swap pool for liquidity

●Acquire VEIL by shielding SUI (earns emission credits) or swapping via the AMM

●Deterministic key derivation ensures funds are recoverable on any device

Privacy Architecture

Commitments

Each note is a Poseidon hash commitment H(value, secret, blinding) stored in a Merkle tree. The value and owner are hidden but verifiable.

ZK-SNARK Proofs

Groth16 proofs over BN254 verify that you own a note and know its secret - without revealing which note or how much. Verified on-chain via sui::groth16.

Nullifiers

Each note has a unique nullifier derived from its secret. When spent, the nullifier is published on-chain. This prevents double-spending without revealing which note was consumed.

Recovery

Encrypted memos are stored in on-chain events. Your wallet signature deterministically derives the decryption key, so notes can be recovered on any device by scanning the chain.