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Proposal for FPC tokenomics updates

Voting ended almost 4 years agoSucceeded

Based on the feedback from the community, the team will update and adjust the FPC tokenomics as follows:

The maximum supply of FPC is adjusted to 100 million, and we will burn 900 million from the existing tokens, as follows:

1.jpeg

About the remaining amount:

✅Seed, Private and IDO Sale: The unlocking time and unlocking proportion shall be decided by the vote of all members of the community in the later stage.

✅Ecosystem: Because of the huge amount of burn, we will adjust the output of Infinite Force from 200000 FPC per day to decreasing 10% per week. After the formal implementation:

2.jpeg

✅Advisors and team: The original advisors’ tokens are paid from the team part. The token of team is still locked for 6 months, and then released monthly for 36 months.

✅Market: Market allocation is considered as DAO fund management, the use is determined by the vote of all members of the community.

Off-Chain Vote

✅We want these updates
3.02M FPC100%
❌We don't want these updates
0 FPC0%
Download mobile app to vote

Timeline

May 10, 2022Proposal created
May 10, 2022Proposal vote started
May 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated