Uses of Procured Funds
The following is a breakdown of different uses of funds procured through IEO.
Used to facilitate any developments of FNCT.
Used for all activities that contribute to the expansion and vitalization of the FNCT ecosystem.
Used for all activities related to the FNCT ecosystem, community, and other operations.
Used to make payments to outside vendors, such as crypto asset exchangers and specialists necessary to promote stable operations of FNCT.
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