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

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