π²Tokenomics
Dual-Token Model FRC + REC
To effectively stabilize speculation in the Free City ecosystem, we set up a dual-currency model, with FRC as the platform stabilization coin and REC as the platform application token. This is used to stabilize the platform prices and thus reduce the surge of speculative activities.
Freedom Currency
Name: Freedom currency
Symbol: FRC
Total Supply: 1,300,000
Network: BNB Chain
Decimals: 8
Contract: 0x9542ea86ed731733a950b6f506999e479059bf2f
Freedom Currency is the platform stable coin of Free City, with a constant price of $1.
Rare Earth Coin
Name: Rare earth coins
Symbol: REC
Total Supply: 10,000,000
Network: BNB Chain
Decimals: 8
Contract: 0xf9642afbe81a6af9addf61c0e3cbcab2fdede42c
REC is the utility token of Free City with a total issue of 10 million and a 3% handling fee, of which 2% will be destroyed directly and 1% will be used as community reward funds. When the total destruction reaches 1.4 million, the destruction ends and the fee drops to 1%.
Allocation
Allocation | Amount | Description |
---|---|---|
Senate | 2,000,000 | Shared governance by 15 nodes |
House of Representatives | 2,000,000 | Shared governance by 50 nodes |
Staking | 2,000,000 | Yield through DPOS |
Angel Round | 800,000 | The remaining part will be burned |
Operation | 500,000 | Community Maintenance |
GameFi | 500,000 | Play to earn |
Liquidity Pool | 500,000 | Liquidity pool construction |
NFT | 500,000 | Stake NFT to earn token |
Market Cap Management | 500,000 | Market capitalization maintenance |
On-Chain Trader | 500,000 | Blockchain Mall |
Airdrop | 200,000 | Totally 20 rounds of Airdrop |
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