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. Technical Specifications
  2. Token Ecosystem of FNCT

Buyback & burn

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Last updated 2 years ago

Once a quarter, FiNANCiE plans to conduct buybacks of FNCT from the market to adjust the volume of FNCT in circulation and to support their value. The funding source for buybacks will be limited to 20% of the revenues received by the Issuer of the CT marketplace transaction fee of FiNANCiE (Crowdfunding 2.0). Buyback schedules and their results will be reported and disclosed on the specified website.

A portion of the buy-backed FNCT is transferred to the reward pool, and the remainder is burned. The amount to be burned will be limited to 1% of the FNCT circulated at the market at the time of each implementation. Burn is capped at 50% of total supply and will not exceed this limit.

A specified website will also be set up to announce Burn results and the status every time.

The volume of CT transactions and the vitality of the community are important to the life cycle of FiNANCiE. One of our objectives is to ensure that the increased value of FNCT has a certain correlation to these two factors. We expect these relations to become one of the sustainable elements that underpin the value of FNCT.