Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Farmacademy on November 07, 2020, 10:28:26 AM
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FAD is a native Governance token of the “Farm Academy DeFi” that can be used for farming, staking, creating proposals, voting and cross-chain transfers.
To ensure interaction between the parties to the contract, a FAD token is issued in the Ethereum ecosystem using the ERC-20 protocol. Also, these tokens will allow their holders to participate in the development of the ecosystem, grants the right to vote in making management decisions. At the seed funding stage, the FAD token will be used to attract investments at the first stage of the project development and provide additional liquidity. Our users will get FAD tokens as a reward in addition to native asset interest while farming, and they can stake their FAD to get more tokens by locking up for a different periods. Tokens will be mined using the Proof-of-Stake method.
Total issuance: 10 000 000 FAD
(if this amount is exceeded, excess tokens will be burned)
Total initial supply: 2 000 000 FAD
Allocation:
20% Project development and providing additional liquidity (Seed funding and Public Sale)
60% Mining rewards, liquidity mining, staking
10% Team incentives
5% Foundation Reserve (partnerships and community incentives)
5% Marketing
Coin offering schedule:
15% Seed funding.
12.15.2020 – 12.30.2020
$0.3 per token.
Minimum amount 3000 FAD
If tokens are held until the 01.15.2021 users will be credited with an additional 10% of their value.
5% Public sale.
12.25.2020 – 12.30.2020
$0.5 USD per token.
Minimum amount 625 FAD.
Maximum amount 625 FAD.
If tokens are held until the 02.15.2021 users will be credited with an additional 10% of their value.
Staking scheme
Hold for 3 months – plus 7%
Hold for 6 month – plus 20%
Hold for 12 month - plus 55%.
FAD tokens will be sent to buyers within 14 days after the end of the sale.
Liquidity allocation:
5% of total supply will be taken to provide liquidity on Uniswap after the completion of the public sale round.
If the number of tokens sold during the 2 rounds of seed funding and public sale will be lower than initially planned, the liquidity allocation will be decreased proportionally and all unused tokens from liquidity allocation will be added to mining rewards allocation.
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May I know who this project team is? roadmap? company goals and location?
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Farm Academy DeFi is not discussed in detail here. But a lot is being understood. You can share the details here through various links. You can share more information about Farm Academy DeFi on the website and all other links, such as social media. Thanks