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Table of Content
Our project's success hinges on the Factor community. We firmly believe in acknowledging and incentivizing early community members and contributors to the protocol as a way to promote adoption and decentralization.
We are dedicated to ensuring Factor's long-term sustainability, which is evident in our tokenomics. These tokenomics provide compelling rewards that spur the growth and evolution of a resilient platform, guided by an actively involved community.
Factor operates based on principles of fairness, community involvement, and sustainable development. These core values are mirrored in our tokenomics model, which has been carefully designed to emphasize the equitable distribution of the majority of $FCTR tokens directly to our community. This approach empowers our community members to actively participate in governing our protocol, ensuring their central role in decision-making processes.
Factor maintains a maximum supply of $FCTR tokens, set at 100,000,000, with no emissions beyond this limit. This approach ensures there are no inflationary mechanisms or unsustainable tokenomics in play. Enforcing this cap fosters a stable token supply, instills long-term confidence in the project, and aligns the interests of all stakeholders.
Factor is dedicated to promoting genuine community governance, where users' voices carry significant weight in shaping the protocol's development and trajectory. With over 80% of the $FCTR supply allocated to the community, we emphasize our trust in the collective wisdom and decision-making capabilities of an active community. We firmly believe that this strategy will drive DeFi innovation to unprecedented levels and nurture a collaborative ecosystem.
This section offers a detailed breakdown of FCTR's token allocation, shedding light on the purpose of each allocation category and the corresponding vesting schedules.
Public Sale (10%)
10% of the FCTR tokens are allocated to the public sale, which is fully unlocked and distributed via Camelot DEX using a custom fair launch model.
Ecosystem Incentives (20.8%)
20.8% of FCTR tokens are designated for ecosystem incentives, which include strategy creation, growth, protocol owned liquidity (POL), and other incentives within the ecosystem. These tokens are linearly vested over 12 months.
Community Bootstrapping (4.2%)
The community bootstrapping allocation represents 4.2% of FCTR tokens, priced at $0.05, and is linearly vested over 12 months with a 30-day cliff. No tokens will be available at Token Generation Event (TGE). This allocation supports smart contract audits, development, legal, and marketing efforts required for the platform's launch.
Team (15%)
The team allocation amounts to 15% of FCTR tokens and is vested over a 24-month period, with a 30-day cliff. No tokens will be available at TGE. Note that while team tokens are vested, they do not accrue $veFCTR. To accrue $veFCTR, the tokens must be unlocked and staked, ensuring fair distribution and rewards for all participants.
Treasury Reserve (50%)
50% of FCTR tokens are allocated to the Treasury Reserve, which is vested over 4 years. This reserve is used for DAO contributor compensations, DAO-to-DAO token swaps, and any other future needs of the DAO. This allocation helps ensure the long-term sustainability and growth of the Factor ecosystem.