Token Allocation
FLKZ Token Allocation
FLKZ Token Allocation:
FLKZ token serves as the cornerstone of the Flickrz ecosystem, adhering to the BEP-20 standard and compatible with BNB. With a total supply of 1 billion tokens, the allocation has been strategically divided as follows:
In order to ensure controlled token release and prevent market flooding, FLKZ token vesting will follow the specified schedule:
Pre-Seed Round: 8% of the allocated tokens will be available immediately upon Token Generation Event (TGE). Following a 3-month cliff period, a daily linear unlock will begin, continuing for 6 months until the total vesting period of 9 months is completed.
Seed Round: 10% of the allocated tokens will be accessible immediately upon TGE. After a 3-month cliff period, a daily linear unlock will occur for 3 months, concluding the vesting process within 6 months.
Early Community Adopters: 15% of the allocated tokens will be distributed upon TGE. Subsequently, a 3-month cliff period will be observed, followed by a daily linear unlock for an additional 3 months, totaling the vesting period to 6 months.
Private Round: 12.5% of the allocated tokens will be released immediately upon TGE. A 3-month cliff period will ensue, followed by a daily linear unlock for the subsequent 3 months, completing the vesting period within 6 months.
Key Opinion Leaders (KOL): 25% of the allocated tokens will be made available upon TGE. After a 3-month cliff period, a daily linear unlock will commence for 3 months, concluding the vesting process within 6 months.
Public Sale Participants: 15% of the allocated tokens will be accessible upon TGE. Following a 3-month cliff period, a daily linear unlock will take place for the ensuing 3 months, resulting in a 6-month vesting period.
Team Members: Tokens allocated to the team will observe a 12-month cliff period, during which no tokens will be released. Subsequently, a daily linear release will occur over the following 24 months, concluding the vesting process within a total period of 36 months.
Advisors: Advisors' tokens will experience a 6-month cliff period, after which a daily linear release will transpire over the subsequent 12 months, resulting in a total vesting period of 18 months.
By adhering to this vesting schedule, FLKZ token distribution will be managed in a manner conducive to the stability and sustainability of the Flickrz ecosystem, ensuring fair and gradual access to tokens for all stakeholders.
Vesting plans will be implemented to ensure a stable token economy and prevent token flooding. The vesting period will be either 48 months or 60 months, with a detailed distribution plan for each category.
FLKZ Token Fundraising Details:
During the Pre-Seed, Seed, Private, and KOL rounds, Flickrz Protocol successfully raised $3.25 million. Specifically, in the Seed round, a total of 187,500,000 FLKZ tokens were made available at a price of $0.004 per token. Additionally, in the Private round, 150,000,000 FLKZ tokens were offered at a rate of $0.01 per token.
Prominent venture capital firms, including Bitcoin.com, GDA Capital, X21, CV VC, Magnus Capital, Basics Capital, MEXC, Stakez Capital, Master Ventures, Tokenova, Marathon Capital, and others, actively participated in these fundraising rounds, demonstrating confidence in the Flickrz ecosystem.
For the upcoming Initial Vesting Offering (IVO) and Initial DEX Offerings (IDOs), a total of 60,833,300 FLKZ tokens will be made available to the public at a price of $0.012 per token, resulting in a hard cap of $730,000.
These fundraising efforts reflect strong support and interest from both institutional and retail investors in the Flickrz project, laying a solid foundation for its growth and development in the future.
Token Vesting Plan:
48 Months Vesting Plan
Community: Tokens will vest linearly over the 48-month period. Each month, 1/48th of the allocated tokens (9,375,000 FLKZ) will be released. Ecosystem, Marketing, Investment, and Reserves: Similar to the community allocation, tokens will vest linearly over 48 months, releasing 1/48th of the allocated tokens each month. Team: Tokens will vest with a 12-month cliff, followed by daily linear release for 36 months (3,472,222 FLKZ released per month).
Some of the other specific uses of the FLKZ token include:
Pay for protocol fees and developer fees Pay for the validator fees Pay for blockchain or subnet annual fees for Forward Factory (like Runcloud) Pay for gas tokens on the Forward Chain and subnets Non-reward staking to join DAOs. For example, the Developers’ DAO who approve or decline developer submissions to the Forward Factory. Non-reward staking by developers to commit and deploy templates to the Forward Factory. Delegating responsibilities to validators.
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