Tokenomics
Last updated
Last updated
$FR will be the native token of Frontrun, $FR will be used as the governance token and to reward users on Frontrun.
$FR is a blast native token.
Revenue sharing: $FR stakers will earn a substantial portion of fee (TBA) generated by Frontrun.
DAO Governance: $FR will be used to vote on DAO proposals.
$FR stakers will get Blast Gold distribution.
| Type | % | Tokens | Details |
|---|---|---|---|
User Incentives + Airdrop | 50% | 50,000,000 | Early users, Market-Makers,traders, referrals & stakers |
Future initiatives + Ecosystem partners | 12% | 12,000,000 | 20% TGE , 3 months cliff then linear vesting 9 months |
Fund raise | 12% | 12,000,000 | 25% TGE, linear vesting for 6 months for the Seed Round. Upcoming rounds details TBA |
Core Contributors | 14% | 14,000,000 | 0% TGE, 6 months cliff then linear vesting for 24 months |
Advisors | 4% | 4,000,000 | 5% TGE, 3 months cliff then linear vesting 9 months |
Treasury | 8% | 8,000,000 | 25% TGE, 6 months cliff then linear vesting 24 months |
Total Tokens | 100,000,000 |
Looking ahead, we anticipate that the $FR community will encompass a diverse group of developers, professionals, and supporters of the Frontrun platform. This community may include experts in software development, blockchain technology, cryptography, artificial intelligence, law, or finance, all collaborating to advance the Frontrun platform.
To facilitate decentralized community governance, $FR will empower token holders to propose and vote on governance initiatives. These proposals will shape the future features, upgrades, and parameters of the Frontrun protocol. Additionally, token holders can offer feedback to refine the platform further. Voting weight will be determined proportionally based on the amount of tokens held by each participant.
It's essential to note that the right to vote is limited to governance matters specifically related to the Frontrun protocol. It does not extend to the operation and management of the company, its affiliates, or their assets. Furthermore, it does not confer the ability to select the board of directors or similar bodies, or dictate the development direction of these entities. Token ownership does not represent equity in any of these entities, nor does it constitute participation in any collective investment scheme. This arrangement is not intended to establish a joint venture or partnership.
