Initial Star Offerings (ISO)

Similar to Initial Public offering in traditional markets

When a Player’s token gets launched in the Platform, the token will go through ISO (Initial Star Offerings) for a specific time period with a predefined price. The price of ISO of a player will be determined by factors like Players Historical performance data and fame. The denomination of players' token will be FANC, E.g. 1 Virat Kholi (FC-VRK) = 2 FANC or Lionel Messi (FC-MSI) = 4 FANC.

Once the ISO Sale is closed, 1.15( Additional 15 %) times an equivalent amount of Player’s Token (Plus NFT Sale, which will be explained in NFT Section) will be minted. Post-ISO, Both ISO and NFT purchasers will be airdropped with 10 % of their respective ISO and NFT purchase. A Liquidity pool (PLAYER-FANC) will be created with the remaining (Actual raised by ISO and NFT). The remaining 5 % will be held by Platform treasury for promotion, legal and reserve purposes.

E.g. If Lionel Messi (FC-MSI) token is launched in ISO with a price of 1 FANC/FC-MSI and say 300,000 tokens have been sold in ISO. Also say NFT of Messi has been purchased for 50,000 FANC (Will explain it in detail in NFT Section). Now 300,000 + 50,000 = 350,000 X1.15 times = 402,500 FC-MSI tokens will be minted (Additional 15% of 350,000 = 52,500 tokens).

Now, 10 % of ISO sale = 10% of 300,000 = 30,000 FC-MSI token will be airdropped to ISO purchasers proportionately. If you had bought 30,000 tokens out of 300,000, you had contributed 10% of ISO purchase and hence you will be airdropped 10% of 30,000 = 3000 FC-MSI Tokens.

10% of NFT purchase (10% of 50,000) = 5000 FC-MSI tokens will be airdropped to the NFT owner.

The remaining tokens will be held by the platform treasury for promotion, legal and reserve purposes.

To reiterate: The FANC tokens that come back to the platform due to ISO Purchase (Tokens & NFT) will be used to provide liquidity to PLAYERS-FANC pool