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The token: $FRK
$FRK token is a ERC20 token minted on the Polygon Blockchain. It is the store of value of the Sybel ecosystem.
$FRK tokens have a fixed supply of 3,000,000,000.00000 units.
$FRK shall be listed on both decentralized and centralized exchange on the future and shall be publicly tradable (from Feb 10th, 2023).
Creators and Users will always own a majority of tokens and be able to make decisions through the DAO (from June 2023)
$FRK earning will vary over time based on the usage and actions taken by the community.
Creators and Users can earn $FRK every time a user interacts with any content registered in the Frak Protocol. The only way $FRK can be minted is by consuming some content.
$FRK has a limited supply therefore, no burnung mechanisms are set up. However, in specific case of inflation burning could be decided by DAO (cf Hedging against inflation)
Besides, DAO could also decided to create an inactivity fee with automatic burning algorithm. For example, if Owners do not interact with the ecosystem and/or tokens during a long period of time, FRK token owner will have to pay an inactivity fee.
Description | Percentage | Number of tokens |
|---|---|---|
Private Presale | 11.67% | 350,000,000 |
Public Sale | 2.33% | 70,000,000 |
Ecosystem Rewards | 50.00% | 1,500,000,000 |
Exchange Treasury/Liquidity/Staking | 11.00% | 330,000,000 |
Team | 8.33% | 250,000,000 |
Technology & Development | 5% | 150,000,000 |
Advisors and Marketing | 7.67% | 230,000,000 |
Educational Program | 2.00% | 60,000,000 |
Creator Grants | 2.00% | 60,000,000 |
Package | Vesting Schedule | Issuance | Price | Supply |
|---|---|---|---|---|
Investors | Cliff : 12 months
Vesting linear over 24 months | 226,257,907 | $0.0481686981939 | 7.54% |
Private Presale
Tier 1 | Cliff : 12 months
Vesting linear over 24 months | 6,000,000 | $0.0096337396 | 0.2% |
Private Presale
Tier 2 | Cliff : 12 months
Vesting linear over 24 months | 6,000,000 | $0.0240843491 | 0.2% |
Private Presale
Tier 3 | Cliff : 10 months
Vesting linear over 24 months | 6,000,000 | $0.0337180887 | 0.2% |
Last modified 4mo ago