4/Tokenomics
Understand token distribution
Tokenomics Overview
Fixed Supply
No minting of new tokens
Maximum supply: 500M $FRAC
No deflationary/inflationary mechanisms
Token Demand
Key driving factors behind token demand include:
Number of customers that Frac has
Degree of success of each of Frac's customer
Overall market sentiment towards real world asset tokenization
Overall crypto market sentiment
Number of collectors/traders who transit from Web2.0 to Web3.0
Token allocation Total Supply: 500,000,000 $FRAC
Category | Percentage Allocation | Number of $FRAC |
---|---|---|
Team | 12.00% | 60,000,000.00 |
Asset Owners' Incentive | 12.50% | 62,500,000.00 |
Staking Rewards | 32.00% | 160,000,000.00 |
Strategic Partnership | 5.00% | 25,000,000.00 |
Foundation | 21.00% | 105,000,000.00 |
Angel Sales | 5.00% | 25,000,000.00 |
pitchIN Sales Round 1 | 10.00% | 50,000,000.00 |
Sales Round 2 (Tentative) | 2.50% | 12,500,000.00 |
Explanations on specific portions of $FRAC allocation Asset Owners' Incentives - This portion of the tokens is used to reward asset owners who fractionalize and tokenize high-demand assets. This portion of $FRAC can either be rewarded directly from Frac to the asset owners or, given to enterprises for them to reward their asset owners. These tokens are stored in the treasury.
Staking Rewards - This portion of the tokens is used to reward holding behaviour. This means that people who stake $FRAC and hold $FRAC long-term, they get to earn Staking Rewards over time. These tokens are stored in the treasury.
Strategic Partnerships - This portion of the tokens is used to secure specific partnerships and also to reward strategic partners. It is also used to incentivize current Frac partners to adopt $FRAC inside their offerings. These tokens are stored in the treasury.
Foundation - This portion of the tokens serves as rainy day funds. If there is an urgent need to rescue the project or urgent funding is required to advance the project, then this portion of the tokens will be activated. These tokens are stored in the treasury. This portion of the tokens would also be used to provide initial liquidity to any CEX (Centralized Exchange) or DEX (Decentralized Exchange) that the $FRAC would be listed on. All airdrop activities and its' corresponding $FRAC expenses will also come from the Foundation portion of $FRAC.
Key Milestones
Angel Sales
0.096 MYR
2,400,000.00 MYR
Completed in 2022
pitchIN Sales Round 1
0.13 MYR
6,500,000.00 MYR
May 2024
Sales Round 2 (Tentative)
TBC
TBC
February 2025
Disclaimer: Details regarding Sales Round 2 is subject to changes and is not part of the deliverables of this token offering.
Targeted Listing
TBC
N.A.
Q1 2025
Disclaimer: Details regarding the Targeted Listing Date is subject to changes and is not part of the deliverables of this token offering.
Token Economics
Category | Amount |
---|---|
Fully diluted valuation (FDV) | Approximately 120,000,500.00 MYR |
Initial Market Cap (Excluding liquidity provisions) | Approximately 251,000.00 MYR |
Token Vesting Schedule
Team
From Listing
12 months cliff - vesting period of 2 years. linear release every quarter till full unlock
Angel Sales
From Listing
6 months cliff, vesting period of 1.5 years, linear release till full unlock
pitchIN Sales Round 1
From Listing
6 months cliff, vesting period of 1.5 years, linear release monthly till full unlock
Token Sales Round 2
From Listing
6% released in first month, followed by 23.5% every month thereafter
Last updated