Veil Token ($VEIL) is the lifeblood of Veil Cash, a privacy-preserving protocol built on Base that uses zk-SNARKs to obscure the link between deposit and withdrawal addresses. By requiring verified addresses and shuffling transactions within an anonymity set, Veil allows users to transact privately without relying on trusted intermediaries. In a world where every wallet ping leaves a breadcrumb, Veil lets users move like shadows—unseen and untraceable.
Rather than relying solely on ideology, Veil incentivizes user participation with a token model that rewards contributions to the protocol’s privacy layer. A dedicated 25% of the token supply is reserved for user incentives, encouraging a robust and engaged set of participants who collectively enhance transaction confidentiality. The protocol’s message is simple: privacy isn’t just a right—it can be a reward.
Veil Cash applies a 0.5% protocol fee on all deposits, a subtle friction that funds sustainability without deterring utility. The design balances usability with privacy by ensuring users are verified but not exposed, forming a trust-minimized network that thrives on cryptographic confidence. With its staking mechanism and fee-based sustainability, Veil isn’t just hiding transactions—it’s building a resilient fortress around them.
