FractalBitcoin Announces Tokenomics, Mainnet Launch ImminentFractalBitcoin, a Bitcoin scaling solution, has recently unveiled its tokenomics and announced the imminent launch of its mainnet. The project allocates 80% of the token supply to the community and 20% to the team and contributors, with vesting schedules in place
FractalBitcoin Announces Tokenomics, Mainnet Launch Imminent
FractalBitcoin, a Bitcoin scaling solution, has recently unveiled its tokenomics and announced the imminent launch of its mainnet. The project allocates 80% of the token supply to the community and 20% to the team and contributors, with vesting schedules in place. The total token supply is 210 million, with the following distribution:
- Proof of Work (PoW) Mining: 50% of the total supply will be allocated to PoW mining, allowing miners to earn tokens through mining.
- Ecosystem Treasury: 15% of tokens will be reserved for the ecosystem treasury, supporting future project development and community building.
- Community Grants: 10% of tokens will be allocated to community grants, supporting projects and activities within the ecosystem. Both the ecosystem treasury and community grants have a 10% annual distribution cap for 10 years.
- Presale: 5% of tokens will be used for a presale, offering early supporters an opportunity to participate in the project.
- Core Contributors: 15% of tokens will be allocated to core contributors, rewarding their contributions to project development.
- Advisors: 5% of tokens will be reserved for current and future advisors, with a 20% annual distribution cap for advisors over a 5-year period.
It's important to note that the unlocking schedule for presale and team tokens has been clearly defined. According to the terms, these tokens will start unlocking at the end of the 7th month and will be linearly released until the end of the 12th month.
FractalBitcoin's tokenomics are designed to ensure the project's long-term sustainability and provide a fair and equitable participation mechanism for the community. With the mainnet launch around the corner, the project's future development is eagerly anticipated.
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