Token distribution at genesis
At genesis there will be a total mint of 694,206,969 $FREN. $FREN will target a 5% annual inflation rate with an uncapped supply to support future collator staking, which will in turn help to replenish GM users' $FREN supply to ensure they are able to mint and send $GM and $GN indefinitely.
Total allocation details are as follows:
||Nah we're good, thanks tho.
||The Chads that kicked in a few KSM to get this off the ground
||Rewards distributed to crowdloan backers.
||Founders and builders of the GM Parachain.
||Gotta save for a rainy day.
||Bootstrap them LPs.
||2% was the friends we made along the way.
||Everyone should have a GM at least once.
||Like Dom says, I don't have friends, I have family.
||Airdrop variations adjusted from treasury cut.
We don't have any.
TBH I always mix up ICO and IDO so we just did neither.
Awesome folks that contributed to help us get the 100 KSM needed to lease the initial parathread ID and registration.
Crowdloan rewards will be divided between backers. Visit the Crowdloan page for more detailed info.
25% of the tokens are allocated to current and future team members. All 15 founders will receive 1% of the TGE, with 10% set aside for future contributors. Of that 1%, 5% will be immediately available to play around with, the rest will be gradually vested for 48 weeks to keep everyone's mind at ease.
Initially this will be used to adjust the airdrop if needed, but once that's completed, all treasury usage will require governance to access.
Set aside for potential liquidity pools, should the need arise in the future. Subject to governance voting.
After we win a slot, fun contests for supporters to win some free FREN. Anything not used will be sent to the DAO's multisig for future giveaways.
We plan to airdrop every active Kusama wallet 11 FREN so they have a chance to try the chain at once.
To be divided evenly between the GM Parachain Advisors that helped brainstorm and solve problems putting this party together.