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VargaMesh expands self-custody tooling with the VMT-1 application-layer token protocol

VMT-1 token state is reconstructed from confirmed VargaMesh transactions while Core consensus remains unchanged; wallet tooling supports CREATE, TRANSFER, BURN and authorized MINT flows.

VargaMesh ProjectOfficial project release

VargaMesh has expanded its self-custody wallet tooling around VMT-1, an application-layer fungible-token protocol whose state is reconstructed from confirmed VargaMesh mainnet transactions.

VMT-1 does not replace VMESH and does not introduce a separate consensus engine. The VargaMesh Core consensus layer continues to validate ordinary VargaMesh transactions and blocks; VMT-aware indexers interpret the protocol records and reconstruct token state.

Supported operations

  • CREATE — establish token parameters and initial supply.
  • TRANSFER — move token balances between VargaMesh addresses.
  • BURN — permanently reduce token supply.
  • MINT — create additional units only where the token policy authorizes the issuer.

Wallet and directory integration

The WebWallet and current wallet tooling expose VMT-1 balances and transaction flows while keeping VMESH signing self-custodial. Public directory metadata is treated separately from chain-derived token state: descriptive metadata can be reviewed before it is published, while confirmed on-chain events remain independently reconstructable.

VMT-1 is an application-layer protocol on VargaMesh; it is not a new VMESH issuance mechanism and does not alter the mainnet block subsidy.

Primary sources

Primary reference ↗
Current network status API
Current supply API
VargaMesh Technical Paper