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
Powered by GitBook
On this page
  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