Official FNCT White Paper ver.1.0, last updated Feb 2023
Background
East India Company Changed the Way to Obtain Challenge Funds
From the “Company” to the “Individual”
The Relationship between “Fan” and “Creator”
Challenges of Creator Economy
Profits Are Concentrated on Huge Platforms and a Handful of Creators
No Mechanism for Giving Back to the Fans
Solution Offered by FiNANCiE
Features of FiNANCiE (Crowdfunding 2.0)
FiNANCiE and FNCT
Why Blockchain is the Appropriate Technology
Proof of the Token’s Authenticity
A Safe Secondary Distribution
An Open Interchangeability with the Broader Economy
FiNANCiE Lightning and Past Achievements
Expansion of Blockchain Market and Use Case
The Expanding Blockchain Market
Expanding Use Case: Fan Tokens
Expanding the Token Economy Through FNCT
FiNANCiE(Crowdfunding 2.0)
Issuance of CT (Funding / Initial Sale)
Applications of CT
CT Marketplace (Secondary Distribution)
FNCT(FiNANCiE Token)
Participation in Governance
CT
FiNANCiE Lightning
IPFS Log Format
Anonymization and Zero-Knowledge Proof
Record of History Hash Value
FNCT
Implementation / Distribution Platform and Token Standards
Means of Distributing Community Rewards
Token Ecosystem of FNCT
FNCT Staking
Incentive Rewards
Validation Reward
Community Token Holding
Utility
Governance
Exchange with CT (Consumption)
Grade Benefits
Community Donation
Buyback & burn
Improvement Continues
Token Sale (IEO) Overview
Distribution of FNCT Holders
Initial Distribution of FNCT
Uses of Procured Funds
Lock up for Team
Release of Allocation and Market Distribution Volume
Last updated 1 year ago