4.4 FDT Initial Issuance Plan
FDT Initial Issuance Plan (Total Supply: 10 billion tokens)
Last updated
FDT Initial Issuance Plan (Total Supply: 10 billion tokens)
Last updated
| Type | Proportion | Quantity | Lock-up Terms and Regulations |
|---|---|---|---|
1. FireDAO Community Treasury
20%
2 billion
This share belongs to the community and it is jointly owned by community members. This part is initially completely locked for three years, unlocked at a daily rate afterwards, and it will be released linearly within about 18 years. Before the community governance DAO is activated, the RainbowCity Foundation manages this share on behalf of the community, and all uses need to be announced to the community; after the community governance DAO is enabled, the use of this portion will be decided by a referendum.
2. FireDAO Community Contributions Exchange
15%
1.5 billion
This share belongs to the community and is specially used to the exchange of FLM tokens. The incentive token FLM is exchanged into FDT, and the exchanged FDT will be released linearly at the rate of one per block until fully released within a two-year timeframe. If this share is used up, community can apply for an increase from the FireDAO treasury.
3. FireDAO Community Ecological Guarantee Funds
10%
1 billion
This share is specially used to solve the ecological crisis. This part is initially completely locked, unlocked at a daily rate, and released linearly in about 21 years. Before the community governance DAO is activated, the RainbowCity Foundation manages this share, and all uses need to be publicized to the community; when the community governance DAO is activated, the resolution of the ecological crisis will be determined by a referendum.
4. FireDAO Community Consensus Donation Pool
10%
1 billion
This share is used for consensus donation issuance and is automatically controlled by smart contracts. Anyone can donate funds to this pool to exchange for FDT according to the ladder curve price.
This consensus donation pool mainly provides entry channels for institutional investors and long-term value investors.
Establish a consensus donation pool, inject 1 billion FDTs into the pool, divided into 1000 rounds, each round of 1 million FDTs. The price of each round is incremented from the previous round until the exchange is completed. The exchanged FDTs are unlocked at the rate of each block, and the linear release is completed in about one year. When the price of the secondary market is higher than the price of the consensus pool, some institutional investors or long-term value investors will choose to exchange FDTs from the consensus pool because of the consensus, and hold FDTs for a long time, which can increase continuous income for the entire ecology.
5. RainbowCity Foundation
20%
2 billion
This share belongs to the RainbowCity Foundation and it will be arranged by the RainbowCity Foundation to develop the overall ecology of RainbowCity. This part is initially completely locked for three years, unlocked at a daily rate three years later, and it will be released linearly within about 18 years. The usage of this share does not need to be announced to the community.
6. FireSeed Labs
15%
1.5 billions
The RainbowCity Foundation authorizes FireSeed Labs to develop and manage FireDAO, and this share belongs to the FireSeed Labs team. This part is initially completely locked for three years, unlocked at a daily rate afterwards, and it will be released linearly within about 18 years. The usage of this share does not need to be announced to the community.
7. OG contributors
5%
0.5 billion
It is mainly used for the allocation of early investors, core community members, consultants, strategic partners, etc. This part is controlled and used by the RainbowCity Foundation, and its use does not need to be announced to the community.
8. Seed Donation Pool
5%
0.5 billion
This share is mainly used for investors in the Seed Donation Pool, and the specific policies will be announced when the project is officially launched.