Tokenomics

4. Tokenomics

Even after the BEP-20 conversion, FNCY will inherit the tokenomics structure and token distribution ratio that it has operated on the existing mainnet. In other words, it is designed to reflect the token holding ratio and rights on the existing mainnet on a 1:1 basis, ensuring that holders do not suffer any disadvantages in terms of their holdings and rights.

However, beyond simple inheritance, FNCY will also introduce a deflationary model to simultaneously secure the scarcity and stability of token value.

We plan to strategically adjust the circulating supply in the market by gradually burning a portion of the total issuance volume that has low circulation potential or unclear practical usage plans.

4.1. Token Distribution Structure After Transition

After the BEP-20 conversion, a total of 2 billion FNCY tokens will be issued, inheriting the tokenomics structure and distribution ratio that has been operated on the existing mainnet. However, the unminted supply will be completely burned on November 1, 2025, after the BEP-20 conversion.

4.2. Burn Roadmap

FNCY plans to gradually burn some tokens with low circulation potential or unclear practical use plans as part of the BEP-20 transition. This is not simply a reduction in supply, but a strategic measure aimed at strengthening the scarcity of the token economy, regulating market circulation, and ensuring the health of the ecosystem.

Each burn target will be categorized based on its nature and executed transparently at the appropriate time and manner.

4.2.1. Unminted Supply

FNCY mainnet issues 5 $FNCY per block, which is automatically distributed to addresses defined by on-chain governance. The total issuance target was 1 billion by 2042, but as of the September 30, 2025, snapshot, no further new issuances will be made.

As a result, any remaining unissued tokens (unminted tokens) as of that date will be considered a supply that cannot be circulated in the market and are scheduled to be fully burned on November 1, 2025.

This measure aims to enhance supply-side predictability and improve the intrinsic value of the token by preemptively addressing the potential supply that lacks liquidity.

4.2.2. Planned Token Burns

In addition to the Unminted Supply, FNCY is considering additional burns from the existing Foundation Reserve Supply and Mint Supply.

A. Reserve Supply (Foundation)

Tokens held by the Foundation that are no longer planned to be used or are deemed strategically idle will be selected for burning after internal evaluation.

This measure is intended to improve the efficiency of the Foundation's asset management while reducing unnecessary supply pressure in the market.

B. Mint Supply (Available Supply)

Among the tokens already issued before the BEP-20 conversion, some that are deemed to have low actual circulation potential or are unlikely to be used in the long term may be selectively burned in the future based on strategic considerations.

These additional burn targets are currently under internal review, and specific details will be disclosed sequentially through official announcements after the BEP-20 conversion.