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