Background of the BEP-20 Transition

1. Introduction

FNCY aims to build a service ecosystem centered on casual games that anyone can easily access to popularize Web3.

Until now, we have been striving to build an independent technology ecosystem through our mainnet-based infrastructure. However, due to the rapid changes in the Web3 environment and the advancement of public mainnet infrastructure, we have concluded that it is now necessary to shift from a technology-centric to a user experience-centric service.

Accordingly, FNCY will strategically transition from its existing mainnet to BEP-20 tokens in November 2025. This is more than a simple technology transfer; it is a value-centered structural transition aimed at substantial growth and expansion of the ecosystem, to maximize user convenience and scalability.

• Focus on improving user experience and securing practical token use cases rather than infrastructure development

• Provide a Web3 environment that is easily accessible to everyone

• Expand ecosystem influence through content-centric service operations

2. Background and Expected Effects of BEP-20 Transition

2.1. Background of the Transition

FNCY has been operating its own mainnet, but based on the structural limitations and strategic considerations outlined below, it has decided to transition to an BEP-20-based system.

1. Limitations on Securing Liquidity

   • Own mainnet is disadvantageous in terms of listing on global exchanges (CEX/DEX) and building liquidity pools

   • Less accessible to investors and liquidity providers compared to tokens based on major chains

2. Development Ecosystem Constraints

   • Lack of self-chain-based development tools, documentation, SDKs, etc., making it difficult for external developers to participate

   • Inadequate community and open-source-based collaboration environment

3. Ecosystem Isolation

   • Despite maintaining EVM compatibility, most dApps and users have migrated to major chains such as Ethereum and BSC

   • Actual demand and traffic are concentrated on major chains

4. Lack of User Accessibility

   • Difficult to connect with major wallets such as MetaMask and Trust Wallet, and high user learning costs

   • High onboarding barriers act as obstacles to acquiring new users

5. High Operational Costs

   • The infrastructure, security, monitoring, and upgrade costs required to maintain the proprietary chain are very high

   • Resources are consumed by maintaining the chain rather than upgrading the service

6. Governance and Community Risks

   • Lack of a clear consensus within the community on the continued operation of the independent chain

   • Disagreements with token holders and partners on strategic direction

2.2. Expected Benefits

By transitioning to BEP-20, FNCY aims to leap beyond simple chain operations and become a content/platform-centric project with competitiveness in the global Web3 market.

1. Securing Global Liquidity

   • Reducing barriers to entry for CEX/DEX listings based on major chains

   • Possibility of linking with various liquidity pools (e.g., Uniswap, SushiSwap, PancakeSwap, etc.)

   • Accessibility and trading activation for global investors and traders

2. Expansion of the Development Ecosystem

   • A wide range of BEP-20-based development tools, libraries, and SDKs are available for use

   • Easier integration of external DApps and tools thanks to the removal of barriers to entry for existing Web3 developers

   • Expanded community-based open source participation and strengthened technical cooperation

3. Improved User Accessibility

   • Immediately compatible with universal wallets such as MetaMask and Trust Wallet

   • Onboarding is possible without a bridge, improving user convenience and acquisition rates.

   • Ensures compatibility with various Web3 services, including NFTs, DApps, and games.

4. Cost Efficiency

   1. Significantly reduced infrastructure, security, and technical personnel costs associated with chain operations

   2. Ability to reallocate resources to core business areas (content, platform, user experience)

5. Improved Governance Structure

   • Clarity in token transparency and distribution structure based on major chains

   • Clarification of collaboration structures with communities and partners, and restoration of trust

6. Achieved Strategic Agility

   • Expandability with various L2 and side chains (L2 Rollup, Polygon, Arbitrum, etc.)

   • Technical agility enables easy expansion of partnerships and new business models

Based on the expected effects described above, we will shift from a simple technology transition to a value creation strategy.