Tokenomics
Last updated
Last updated
0x082D7215fdfa70D969D7Fb5E783F8fE86A463330
Total Supply: 1,000,000 FRIENDCHIPS
New distribution plan
Airdrop
25%
100,000
2.5% every 2 days on snapshot of Key holders who also hold 1500 FriendChips or BFF tokens
Team
10%
100,000
2 month linear
Seed
20%
200,000
All tokens at launch
Presale
20%
350,000
All tokens at launch
Advisors/Influencers
5%
50,000
2 month linear
Liquidity
20%
200,000
Locked
Previous distribution plan
Treasury
10%
100,000
Locked until DAO formed
Team
10%
100,000
2 month linear
Seed
20%
200,000
25% TGE then 25% per week
Presale
35%
350,000
25% TGE then 25% per week
Advisors/Influencers
5%
50,000
2 month linear
Liquidity
20%
200,000
Locked
The Team's ongoing work to create the DAO and automate the bridging and buying process will be funded from the tax and a share of the bonded ETH.
A small group of advisors and influencers were offered discounted tokens in return for their help in structuring the project and raising awareness.
A $25,000 seed round was raised to fund marketing, development and launch costs.
Every 2 days following the launch we will take a snapshot of our FriendChips.tech Key holders and distribute 2.5% of the tokens to those Key holders, distributed equally by Key holdings.
Key holders must ALSO hold 1500 FriendChips or BFF tokens in their Friend Tech wallet. You can export your Friend Tech private key from Friend Tech and import to Metamask (or other wallet), which will allow you to control that address on any network (Base, Ethereum, Arbitrum, etc).
This should mean large price volatility for our Key around snapshot times as users may assess our Key’s value partially by it’s value in relation to the airdrop. Volatility means taxes, which allows us to acquire more Keys for the Treasury for our FriendChips token holders.