Foreon Network Token
Learn more about $FRN, the utility token of Foreon Network
Foreon Network's tokenomics and emissions schedules are strategically crafted to enhance utility and governance.
We prioritize transparency and community involvement by keeping them updated with the project's progress and success.
The following outlines how our tokenomics will achieve these objectives while also rewarding the community.
Foreon Network Token Presale goes live on Axo.trade on 22nd October 2024, 3pm UTC!
$FRN Tokenomics & Distribution
| Allocation | Amount | Percentage | Vesting |
|---|---|---|---|
Team | 800,000 | 8% | Locked For 3 Months from Dex Listing, 5% monthly vesting |
Marketing | 700,000 | 7% | Locked For 1 Month from Dex Listing, 5% monthly vesting |
Vault | 900,000 | 9% | Locked For 1 Year (Usage To Be Determined By $FRN token Holders) |
Rewards / Farming Pool | 2,300,000 | 23% | Locked Until Ready To Be Farmed On Dexes by Liquidity Providers |
Liquidity / Exchange Listing | 800,000 | 8% | No Vesting (LP Will Be Locked) |
NFT Bonds Round | 2,600,000 | 26% | Locked For 3 epochs from Dex listing, 10% vesting per Epoch |
ISPO | 400,000 | 4% | Locked For 3 epochs from Dex listing, 10% vesting per Epoch |
Pre-Sale / Public Round | 1,500,000 | 15% | No Lock / Vesting |
$FRN Presale Details
Launch Date: 22nd October, 3 PM UTC
Duration: 72 hours
Presale Allocation: 1,500,000 $FRN
Presale Price: 2 Price Ladders, 0.7 ADA for First 750,000 $FRN Allocation then 0.8 ADA for the other 750,000 $FRN Allocation
Dex Listing Price: 0.85 ADA = 1 FRN
FDV On Listing: 8.5 Million ADA
Presale Platform: Exclusively available on Axo.trade https://app.axo.trade/launch
$FRN Token Details
| Blockchain | Token Name | Symbol | Total Supply | Decimals |
|---|---|---|---|---|
Cardano | Foreon Token | $FRN | 10,000,000 | 6 |
$FRN Token Utility
The FRN token will have several utilities within the Foreon Network ecosystem, including:
Market Creation: FRN token holders who lock a predetermined amount of FRN can gain the ability to create their own prediction markets. This mechanism ensures that market creators are invested in the ecosystem and contributes to maintaining the quality of markets on the platform.
DAO Governance: FRN token holders have the right to vote on various aspects of the platform’s development, including but not limited to feature updates, tokenomics changes, and other governance issues. This empowers the community to direct the evolution of the Foreon Network.
Holder Rewards: Users who hold and stake FRN tokens will be eligible for rewards in the form of transaction fees, token emissions, and other incentives.
Buy Backs: A portion of the fees generated by the platform will be used to buy back and burn FRN tokens, reducing the supply and potentially increasing the value of remaining FRN tokens.
Don't Miss $FRN Token Presale On Axo.trade!
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