FireDAO
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  • FireDAO
  • 1. FireDAO Overview
    • 1.1 FireDAO Profile
      • 1.1.1 FAQ
    • 1.2 Mainnet Launch Announcement
    • 1.3 FireDAO Github
    • 1.4 Founding Team
    • 1.5 Get Started
      • 1.5.1 Minting PID to Obtain Forum ID
      • 1.5.2 Zealy Early Contributors Program
      • 1.5.3 Forum Bounty Program
      • 1.5.4 FireDAO Community Volunteers
    • 1.6 Development History and Milestones
      • 1.6.1 Development History
      • 1.6.2 Milestones
      • 1.6.3 Annual Roadmap
    • 1.7 Social Media
    • 1.8 Marketing and Partnerships
    • 1.9 Articles and Media Coverage
      • 1.9.1 Media Coverage of Rainbow City
      • 1.9.2 Media Coverage of FireDAO
      • 1.9.3 Historical Articles by RainbowKun
  • 2. The Construction of FireDAO
    • 2.1 Decentralized Society & Web3’s Soul
    • 2.2 The Essence of "Bit Civilization"
    • 2.3 Creation and Mission of RainbowCity
    • 2.4 Creation and Mission of FireDAO
    • 2.5 Phoenix Rebirth: Rising from the Ashes
  • 3. Overview
    • 3.1 Positioning
    • 3.2 Philosophy: Vision, Mission, Values
    • 3.3 Introduction of the Tokenomics
    • 3.4 How to join FireDAO
    • 3.5 FID and On-chain Reputation
    • 3.6 Community Activities
    • 3.7 Expansion of FireDAO Ecosystem
  • 4. Tokenomics
    • 4.1 Three Ecological Tokens
    • 4.2 Soulbound Account and FID Reputation System
    • 4.3 Introduction of Seven SBTs
    • 4.4 FDT Initial Issuance Plan
    • 4.5 FLM Initial Issuance Plan
    • 4.6 Ecological Revenue Sources for RainbowCity Treasury
    • 4.7 Allocation of RainbowCity Treasury Revenue
  • 5. Operational Structure
    • 5.1 FireSeed Invitation & Referral System
    • 5.2 Guild System
    • 5.3 Citynode System
    • 5.4 Global Community Management System
    • 5.5 Ecology Forum
    • 5.6 FLM Soul Airdrop and Rewards
    • 5.7 FDT Liquidity LP Mining
    • 5.8 FDT Lock-up Mining
  • 6. Community System
    • 6.1 Community Governance
      • 6.1.1 Governance Structure
      • 6.1.2 Proposal Threshold
      • 6.1.3 Voting Delegation
      • 6.1.4 Voting Execution
      • 6.1.5 Voting Result
      • 6.1.6 Result Execution
      • 6.1.7 Guardians Contract
    • 6.2 Community Participation and Contribution Guide
    • 6.3 Ecosystem Partners and Collaborative Projects
    • 6.4 Community Events and Competitions
    • 6.5 Community Support and User Services
  • 7. FireDAO Technical and Design
    • 7.1 Development Overview
    • 7.2 Development Structure
    • 7.3 Development Documentation and Sample Code
    • 7.4 Decentralized Data Storage
    • 7.5 Integration and Extensibility Interfaces
    • 7.6 User Guides & Tutorials
    • 7.7 Frontend Files and Tutorials
    • 7.8 Contract Risks and Audits
    • 7.9 Subgraphs and Decentralized Indexing
  • 8. Risk Management and Security
    • 8.1 Project Risks and Considerations
    • 8.2 Data Security and Privacy Protection
    • 8.3 Smart Contract Audit and Security
    • 8.4 Community Governance and Risk Management
  • 9. Legal Compliance and Disclaimer
    • 9.1 Legal Compliance and Regulatory Requirements
    • 9.2 Disclaimer and Limitation of Liability
    • 9.3 Intellectual Property and Open Source Licenses
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  1. 5. Operational Structure

5.8 FDT Lock-up Mining

In order to motivate more long-term value investors, FireDAO will launch an FDT Lock-up Mining. Each community member can lock FDTs into the mining pool, assign different weight coefficients according to various lock-up period and can mine the incentive token FLMs. The obtained FLMs can be converted to FDTs, which will be released linearly within two years.

Different mining weight coefficients are determined by various lockup period. The longer the lock-up is, the higher the mining weight will be. The protocol relies on the number of SBT-006 to implement specific mining reward policy.

During this lock-up, the protocol mints two SBTs: SBT-001 and SBT-006. SBT-001 is mainly used to contain the FDT comprehensive holding information of this Soul Account, and SBT-006 is to contain the lock-up mining information for this Soul Account. The whole ecology distributes the ecological income according to the proportion of holding weight of the SBT-001, and rewards the lock position mining according to the proportion of holding weight of the SBT-006.

The minting quantity of SBT-001 is determined by the number and weight coefficient of FDTs during the lock-up. If 10,000 FDTs are locked, for example, the period for 3 months, and the weight coefficient is 3, then the minting amount is 30,000 SBT-001s. If the lock-up matures and FDTs need to be withdrawn from the mining pool, the same proportion of SBT-001s will be burned according to the proportion of withdrawal from the lock-up order. If the lock-up time ends and FDTs are not withdrawn from the lock-up pool, the original policy remains effective.

The minting quantity of SBT-006 is determined by the number of FDTs and the weight coefficient during the FDTs lock-up. If 10,000 FDTs are locked for 3 months, and the weight coefficient is 3, then 30,000 SBT-006s will be minted. If the lock-up matures and FDTs need to be withdrawn from the mining pool, the same proportion of SBT-006 will be burned according to the proportion of FDTs withdrawal from the lock-up order. If the lock-up time ends and FDTs are not withdrawn from the lock-up pool, the FDTs original policy still remains effective.

FDT Lock-up Mining Weight

No.
Lock-up Period
Weight Coefficient

1.

Demand deposits,

can be withdrawn on T+1

1

2.

1 month

2

3.

3 months

3

4.

6 months

4

5.

12 months

5

6.

24 months

6

7.

36 months

7

The specific policy regarding FDT lock-up mining, please refer to the actual operating documents in the future.

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Last updated 1 year ago

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