Token Economics - FTC FantaCoin
FantaVerse is built on token economics and every segment has a token economic cycle. The entire metaverse uses an ERC-20 ecosystem token - FantaCoin (FTC). FTC is mainly used for DAO decentralized governance and revenue sharing.
The goal of FantaCoin is to establish a set of economic mechanism to support a sustainable and continuous operation and development of FantaVerse. The mechanism has two main goals:
- Reward players and nodes who participate in the development of FantaVerse, encourage them to hold tokens.
- Decentralized development of FantaVerse ownership and governance.
We hope that FantaVerse will become a metaverse owned and managed by the community with the introduction of community funds. The community funds will be put into use in early 2023. The community vault will start to receive income generated by FantaVerse and staking rewards. Once decentralized, the funds will be autonomously managed by all users who stake FTC.
FTC’s token economy structure is as follows. We strive to build a harmonious and sustainable economic model by balancing income and expenses. In contrast to an economic game model, this structure enables game improvements with enhanced gameplay experience for players who spends tokens.
|X2Earn||97,200,000||27%||Release by players|
|Cloud Network||97,200,000||27%||Release by cloud nodes|
|Hardware||36,000,000||10%||Release by Company|
|Team & Advisor||64,800,000||18%||5 years vesting|
|Ecosystem||28,800,000||7%||3 years vesting|
|Community||10,800,000||3%||3 years vesting|
|Seed Round||10,800,000||3%||3 years vesting|
|Private Round||10,800,000||3%||2 years vesting|
|Public Sale||7,200,000||2%||2 years vesting|
FTC Token Sales
When projects starts, we will raise funds through strategic investments by selling part of FTC tokens. These FTCs will be sold at a discounted price, and the balance of private sales tokens will be unlocked quarterly in the next two years.
Private sales of tokens is necessary for the mid-term building of the game, allowing interested partners to be part of the FantaVerse business. It also accelerates the game development process.
Tokens purchased during public sales will be unlocked in the following manner:
- Initial Unlock: 10%
- Unlocks another 10% upon listing on centralized exchange
- Balance 80% will be unlocked linearly in the following 2 years in 8 tranches (each tranche will be transferred quarterly)