Token Economics
Introduction
TheForce Token is the utility token of TheForce platform and has the following use cases:
Incentives: FOC tokens are used to incentivize user participation in yield farming, bounty hunting, referrals and other programs in the future. More specifically:
20% of Total Supply of FOC tokens will be distributed as Community Rewards. We would like to get our community engaged as much as possible in the course of making TheForce.Trade the best place to go for DeFi and NFT data, tools, and investment opportunities.
59.5% of Total Supply of FOC tokens will be distributed as farming rewards.
Partnership Tokens: we have formed partnerships with a number of other DeFi and NFT platforms and we will do airdrops of those tokens to reward our FOC token holders and farmers.
Surprise Rewards: FOC token holders may also get surprise rewards (tokens and NFTs) every now and then. Please stay turned for more updates in the near future!
Governance: FOC token holders will vote on platform parameters to navigate the project’s economics and developments.
NFT Suite: FOC tokens are required for NFT minting, staking, auction, trading and more.
Primary Market Participation: Holding certain amount of FOC tokens are required for users to participate in our primary market projects.
System Tax: Users who transact with FOC tokens will contribute to a dividend pool.
Token Specification
Token Name: TheForce Token
Token Symbol (TBD): FOC
Token Chain (TBD): Binance/Heco/Ethereum
Spec: ERC-20 / BEP-20 / Heco/OKChain
Precision: 18
Token Allocation
Total Supply (100%): 1,000,000,000 FOC
Token Name | FOC |
Private & Public Sale | 5.50% of the total token supply* |
Marketing & Partnerships | 3.00% of the total token supply |
Liquidity Reserve | 5.00% of the total token supply |
Community Rewards | 20.00% of the total token supply |
Teams & Advisers | 5.00% of the total token supply |
Mining Rewards | 59.50% of the total token supply |
Operation & Maintenance | 2.00% of the total token supply |
*Any unsold token allocations will be moved to increase Mining Rewards
Token from IDO Sales
All tokens from IDO will be distributed on May 12th 2021.
Token from Private Sales
25% will be unlocked initially on May 12th 2021, 12.5% will be unlocked each month for the next 6 months.
Team Token Release
Team reserve will be unlocked from October 30th 2021, 8.33% will be unlocked each month for the following 12 months
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