Tokenomics
Last updated
Last updated
This section offers a detailed breakdown of FCTR's token allocation, shedding light on the purpose of each allocation category and the corresponding vesting schedules.
| Category | Allocation | Vesting Period |
|---|---|---|
Fair Launch | 10% | Fully unlocked |
FCTR Liquidity Provision* | 5% | Fully unlocked |
Ecosystem Incentives | 15.8% | 2 years from TGE |
Community Bootstrapping | 4.2% | 1 year from TGE |
Team | 15% | 2 years from TGE |
Treasury Reserve | 50% | 4 years from TGE |
*Ecosystem Incentives subcategory
10,000,000 FCTR tokens were allocated to the Fair Launch via Camelot DEX. These were fully unlocked and publicly distributed to the Fair Launch participants.
| Fair Launch Details | Value |
|---|---|
Token Allocation | 10,000,000 FCTR |
Launch Period | 96 hours (4 days) |
Start Date | Feb-20-2023 06:00:00 PM +UTC |
End Date | Feb-24-2023 06:00:00 PM +UTC |
Participating Addresses | 13,394 |
Total Raised | 7,578,366 USDC |
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5,000,000 FCTR tokens were allocated as protocol-owned market making liquidity on Camelot V3 (FCTR-USDC, FCTR-ETH). This ensured sufficient market depth for the buying and selling of FCTR on the open market. All tokens were fully unlocked since TGE.
15,800,000 FCTR tokens are designated as ecosystem incentives that are distributed to Factor users via mechanisms such as Factor Scale and Factor Boost. Through targeted use of FCTR tokens, the incentives are meant to bolster greater adoption and long-term engagement with the Factor platform. These tokens are linearly vested over 24 months.
The community bootstrapping allocation represents 4,200,000 FCTR tokens, priced at $0.05, and subject to a 12 months linear vesting schedule with a 30-day cliff. No tokens were available at Token Generation Event (TGE). This allocation supported smart contract audits, development, legal, and marketing efforts required for the platform's launch.
The team allocation amounts to 15,000,000 FCTR tokens and is subjected to a 24-month vesting period with a 30-day cliff. Team allocation supports the development and operations of the Factor platform including product development as well as marketing/partnership initiatives.
No team tokens were available at TGE. Note that while team tokens are unvested, they do not accrue veFCTR. To accrue veFCTR, the tokens must be vested, claimed and staked, ensuring fair distribution and rewards for all ecosystem participants.
50,000,000 FCTR tokens were allocated to the FactorDAO Treasury Reserve, which is vested over 4 years. This reserve is used for FactorDAO contributor compensations (via Factor Contributors program), DAO-to-DAO token swaps, and any other future needs of the FactorDAO. This allocation helps ensure the long-term sustainability and growth of the Factor ecosystem.
FCTR reaches its full circulating supply of 100,000,000 tokens 4 years after TGE. The max supply is capped and there are no inflationary mechanisms beyond this.
