Tokenomics

In terms of FA distribution, there is no pre-digging, fair start, and 75% is distributed to community supporters through mining. in terms of FA burn, the original dual burn mechanism combining transaction burn and buy back burn, deflation is unprecedented.

1、Double burn model

fa.cash adopts a double burn mechanism combining two economic mechanisms: transaction burn and buy back burn, the larger the circulation of FA tokens, the more FA tokens are destroyed, and the more FA tokens are concentrated in the hands of large holders.

Transaction burn: A 10% fee is levied on each FA transaction, of which 3% is redistributed to all existing FA holders; 2% is automatically destroyed through a "black hole address" strategy, which will be increased as the project develops; 5% is split 50/50 and automatically added to the liquidity pool by the smart contract.

Buy back and burn: 80% of the revenue from asset mining, lending fees and clearing fees of fa.cash platform will be used for the buy back and burn of FA to promote deflation and realize a positive revenue cycle.

2. Token allocation and mining rules

The total number of FA tokens is 10 billion. At the time of launch, the fa.cash project punched 4 billion FA tokens into the black hole address to complete the Genesis launch. The remaining 6 billion tokens are destroyed again 5.5 billion after about 40 days mining starts to accelerate token deflation and enhance FA intrinsic value. After destruction, the total number of FA is 500 million tokens, which are allocated as follows.

Marketing 5%, 25 million pieces: used for marketing activities, including but not limited to airdrop, project attraction or business cooperation, as well as rewarding users who contribute to the community.

DAO Governance 5%, 25 million coins: Used to incentivize the community to better participate in the governance of the project; managed by the DAO and based on a community vote to determine how the community is incentivized.

Team Incentive 10%, 50 million coins: 1 year, generated along with mining.

Investment institutions 3%, 15 million pieces: 1 year, generated with mining.

Future 1 year mining, about 15%, 75 million pieces: including single coin lossless mining, leveraged mining, ecological mining, super node revenue, etc., and more mining pools will be added subsequently according to the project operation and market conditions, as decided by DAO.

Future reserve, about 40%, 200 million pieces: used for subsequent mining incentives, online exchange, expanding ecological cooperation, etc.

Mined release and burned, about 22%, 110 million pieces.