Financie Token
  • Financie Token - FNCT
  • Disclaimer
  • What is FiNANCiE
  • Challenges and Solutions of Creator Economy
    • 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
  • About the Project
    • 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
  • Project Overview
    • FiNANCiE(Crowdfunding 2.0)
      • Issuance of CT (Funding / Initial Sale)
      • Applications of CT
      • CT Marketplace (Secondary Distribution)
    • FNCT(Financie Token)
      • Participation in Governance
  • Technical Specifications
    • 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
  • FNCT Token Sale and Usage Plan
    • 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
  • Roadmap
  • Team
  • Community
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  1. FNCT Token Sale and Usage Plan
  2. Distribution of FNCT Holders

Uses of Procured Funds

PreviousInitial Distribution of FNCTNextLock up for Team

Last updated 2 years ago

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

Drawing