# Tokenomics
$FNCY is used as the native asset on FNCY blockchain and is used by network users to pay for nodes that process the requested operation.
* Gas Fee
* Governance Staking
* DeFi Main Currency
* Digital Asset Purchase (NFT Marketplace) and Service Fees
### Minting
1 billion $FNCY are created at Genesis Block (Epoch 0) for the swap of $ITAMCUBE tokens that exist on Ethereum and BSC chains.
After the completion of governance setting following Genesis Block generation, 5 $FNCY will be minted per block and will be distributed according to the governance reward distribution plan specified in the table below. 52,560,000 $FNCY coins are created annually and automatically distributed to the addresses defined in governance. In total, a maximum of 2 billion coins will be issued, including the 1 billion coins created at the Genesis Block.
| Description | Amount |
| ---------------------- | ------------- |
| $FNCY at Genesis Block | 1,000,000,000 |
| Mint Per Block | 5 |
| Max Total Supply | 2,000,000,000 |
### **Reward Distribution**
Automatically distribute to addresses defined by on-chain governance.
FNCY Tokennomics
| Description | Percentage |
| ---------------- | ---------- |
| FAM (Validators) | 30% |
| Partner Treasury | 10% |
| Ecosystem | 40% |
| Operation | 20% |
> \* FAM (FNCY Authorized Members): Reward for FNCY chain validators
>
> \* Partner Treasury: Staking reward for partners and enterprises
>
> \* Ecosystem: Reward and reserved resources for the healthy users and ecosystem
>
> \* Operation: Operational use for maintaining quality and integrity of FNCY services
To ensure that FNCY network grows and the ecosystem remains sustainable, 40% of the number minted per block (2 FNCY) will be used for the Ecosystem Fund. The use of Ecosystem Fund will be divided into three categories as follows.
* Fund for $FNCY Single Staking Services for Initial Critical Mass Acquisition for Minimum Sustainable Economy (MSE)
* Fund to build a healthy and virtuous DeFi ecosystem of FNCY networks
* Used for marketing (Airdrop) to secure initial users using FNCY networks (game services, content services, NFTs, etc.)
### Minting Schedule
| Description | Total Supply | Notes |
| ---------------------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Total Supply (@TGE) | 1,000,000,000 |
TGE 73.219%
Vesting ends in 2027 4Q
|
| Total Additional Mint Supply | 1,000,000,000 |
5 coins minted per block (3 sec)Vesting ends in 2042
\*Governance Voting can be initiated to implement Halving to control excess minting
