Uses of Procured Funds
The following is a breakdown of different uses of funds procured through IEO.
1）30% Development
Used to facilitate any developments of FNCT.
2）30% Marketing
Used for all activities that contribute to the expansion and vitalization of the FNCT ecosystem.
3）10% Operation
Used for all activities related to the FNCT ecosystem, community, and other operations.
4）15% Contractor
Used to make payments to outside vendors, such as crypto asset exchangers and specialists necessary to promote stable operations of FNCT.
5）15% Reserve
The funds may be used for 1) through 4) above, as well as for similar overhead expenses, or for income taxes incurred as a result of IEO procurement.
The uses of procured funds may be adjusted within the following ranges after the amount of procured funds by IEO is finalized.
- 25-35%： Development Cost
- 25-35%： Marketing
- 5-15%： Operation
- 10-20%： Contractor
- 10-25%： Reserve
Last modified 7mo ago