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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
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 |
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.)
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 |
Description | Amount |
|---|---|
Market Supply | 702,193,620 |
Partner | 147,569,334 |
Service Growth Fund | 29,990,000 |
Ecosystem Growth Fund | 60,247,046 |
Team | 30,000,000 |
Reserve (Lock Up) | 30,000,000 |
Total Supply | 1,000,000,000 |
Description | Amount |
|---|---|
Market Supply | 702,193,620 |
Reserve (Lock Up) | 30,000,000 |
Initial Circulation Supply | 732,193,620 |
Distribution | Allocation | Vesting |
|---|---|---|
Partner | 147,569,334 | 12.5% linear bimonthly vesting from Dec. 22 |
Service Growth Fund | 30,000,000 | 3.33% linear monthly vesting from Jan. 23 |
Ecosystem Growth Fund | 60,247,046 | 3.73% vesting at Jan. 23 3.32% linear monthly vesting from Feb. 23 |
Team | 30,000,000 | 5% linear quarterly vesting from Jan. 23 |
Last modified 3mo ago