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Allocation
There are 100,000,000 FNDZ tokens with the following allocation and vesting schedule:
The FNDZ Token will be allocated into eight separate categories, split between VC backers, team members and advisors, and functions of the platform.
In the seed round 12,000,000 FNDZ tokens were allocated, which represents a 12% share of total supply. The tokens were sold at $XX per token. 10% of the tokens will be unlocked at the token generation event (TGE); the remaining 90% will be distributed through block-by-block vesting over 24 months (which works out to monthly 3,75% allocations).
The private round received 20,000,000 FNDZ tokens or a 20% share of total supply. The tokens were sold at $XX each. Similar to the seed round, 10% of the tokens will be unlocked at the TGE, and the remaining 90% will be distributed over 24 months in monthly 3,75% allocations through block-by-block vesting.
The public sale received 2,000,000 FNDZ tokens, representing two percent of the total supply. The tokens were sold at $XX. These tokens will be fully unlocked at the TGE.
FNDZ advisors will be allocated 6,000,000 FNDZ tokens, which represents a 6% share of the total supply. These tokens will follow the same scheme as the seed and private round: 10% of the tokens will be unlocked at the TGE, and the remaining 90% will be distributed over 24 months in monthly 3,75% allocations through block-by-block vesting.
The FNDZ team will be allocated 20,000,000 FNDZ Tokens, 20% of the total supply. These tokens will follow the same scheme as those allocated to the advisors, 10% of the tokens will be unlocked at the TGE, and the remaining 90% will be distributed over 24 months in monthly 3,75% allocations through block-by-block vesting.
10,000,000 FNDZ tokens will be allocated to rewards. These tokens will be reserved for trading challenges and tournaments between professional traders on the FNDZ platform.
20,000,000 FNDZ tokens will be allocated to the FNDZ treasury. These tokens will be reserved as funds for further protocol developments.
10,000,000 FNDZ tokens will be allocated to marketing activities for the platform. These tokens are out of circulation until the team or community decides to use them for marketing activities.
Last modified 4mo ago