$FANC Tokenomics
Fanance Club’s Tokenomics: Comprehensive Overview of the FANC Token Economy
Last updated
Fanance Club’s Tokenomics: Comprehensive Overview of the FANC Token Economy
Last updated
FANC is the deflationary token by nature with the total Maximum supply upon the Fanance club platform’s launch will be hard-capped to 500,000,000 FANC tokens and the minimum supply via burning mechanism will be capped to 100,000,000 FANC
To ensure a fair initial token distribution, the token distribution process will be guided by two principles: optimal decentralization and efficient distribution.
In this context, optimal decentralization means that:
The tokens are distributed to as many FANC users as possible, with the number of token holders growing proportionally to the project’s rise in market capitalization
There are no significant price discrepancies to acquire the tokens
The biggest token holders do not hold significant portions of the total token supply, limiting their power to influence the markets
An efficient initial distribution implies a distribution of tokens primarily to:
Users deeply involved with the project that willingly contribute to its success
Participants from different backgrounds, including investors, early supporters, small token holders, and speculators
To maximize incentives to early adopters/supporters via token mining and its farming APYs
Let’s find out the detailed breakdown of each stakeholder's $FANC token allocation and vesting process.
Here’s a detailed breakdown of $FANC token allocation with the vesting schedule for different stakeholders. To give everyone skin in the game, the majority of the tokens will remain unlocked for at least 3 months. There is a total supply of 500,000,000 $FANC tokens in the ecosystem out of which only 10,625,000 will be unlocked on day 0 and the remaining tokens have a lockup period between 3 months to 2 years.
Private Round
There is an allocation of 7% of the total supply in the Private Sale round, i.e 35,000,000 $FANC. 10% of 35,000,000 will be released at the time of TGE and the remaining will be released on a 10% every month.
Very Early Backer’s Presale
There is an allocation of 6% of the total supply in the Very Eary Backer’s Pre-sale round, i.e 30,000,000 $FANC. The Tokens are locked for 6 months post token listing and liner distribution in the next 4 months
Early Backer’s Presale
Early Backer’s Presale will be conducted post Product (Testnet) Launch. There is an allocation of 7% of the total supply in the Very Eary Backer’s Pre-sale round, i.e 35,000,000 $FANC. The Tokens are locked for 3 months post token listing and liner distribution in the next 4 months
Public Sale ( Initial Stakepool Offering)
Out of 500,000,000 tokens 1% of total allocation i,e 5,000,000 tokens are allocated on Day 0. The FANC tokens will be sold in the public sale through Initial Stakepool Offering (ISO)
Reward Pool
The team ensures the fair and stable distribution of the token rewards in the Fanance Club ecosystem. There is an allocation of 30% of the total $FANC Tokens in the Reward Pool, i.e. 150,000,000 $FANC. These tokens will be unlocked based on mining/farming initiatives in regular intervals.
Ecosystem Fund
We always wanted to make a huge allocation of $FANC in the Ecosystem. Therefore we have given the maximum allocation to the Ecosystem. We understand the value of monetary incentives, especially in a community as decentralized as Fanance Club is. In the Ecosystem Fund, there is an allocation of 10% of the total $FANC Tokens i.e. 50,000,000 $FANC. 3% of 50,000,000 will be released at the time of TGE and the remaining will have the linear vesting period of 1.5 years.
Partners & Advisors
Fanance Club Partners & Advisor are very important to the ecosystem. For the Partners & Advisors, there is an allocation of 12.5% of total $FANC Tokens i.e. 62,500,000 $FANC. 10% of 62,500,000 will be released on day 180 and the remaining will have the linear vesting period of 24 months.
Airdrop
In the Airdrop, there is an allocation of 2.5% of total $FANC Tokens i.e. 12,500,000 $FANC. These tokens will be unlocked for community initiatives.
Liquidity Provision Funds
Liquidity is a must for the success of the project. We aim to create an ecosystem that facilitates movement and actions. In the Liquidity Provision Funds, there is an allocation of 4% of the total $FANC Tokens i.e. 20,000,000 $FANC. Liquidity pool funds are locked for 4 years once LP is created
Team
The team, including the founding team and future hires, has an allocation of 20% of the total $FANC Tokens i.e. 100,000,00 $FANC. A 10% of 10,000,000 will be released on the 180th day after the TGE and the remaining will have the linear vesting period of 24 Months. It is always important for us to make a level of trust with the members of the community which is why the complete unlock of tokens will take place only after 2.5 years of token listing.
