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fix links in FACT Token pages
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docs/FACT token/tokenomics.md

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The FACT [utility token](utility-token) has a fixed supply of 1 billion tokens.
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The FACT token minting policy ID is
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[a3931691f5c4e65d01c429e473d0dd24c51afdb6daf88e632a6c1e51](https://pool.pm/asset1kuwfd0esf9xcxurp2x4f9w65lvz4tkfw5epugq).
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[a3931691f5c4e65d01c429e473d0dd24c51afdb6daf88e632a6c1e51][policyid-1].
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The FACT token is tradeable on
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[Cardano DEX markets][dexes-1]. It is listed
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on coin tracking sites like
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[CoinGecko](https://www.coingecko.com/en/coins/orcfax) and
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[CoinMarketCap](https://coinmarketcap.com/currencies/orcfax/)
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The FACT token is tradeable on [Cardano DEX markets][dexes-1]. It is listed on
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coin tracking sites like [CoinGecko][listing-1] and [CoinMarketCap][listing-2].
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[policyid-1]: https://pool.pm/asset1kuwfd0esf9xcxurp2x4f9w65lvz4tkfw5epugq
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[listing-1]: https://www.coingecko.com/en/coins/orcfax
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[listing-2]: https://coinmarketcap.com/currencies/orcfax/
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[dexes-1]: https://www.taptools.io/charts/token?pairID=026a18d04a0c642759bb3d83b12e3344894e5c1c7b2aeb1a2113a570.2b4e632bf755fe5e33309a47216aa396106641edd056423e2ef2a08ce30bb604
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## Token Distribution
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Following the token generation event (TGE), the Orcfax team distributed all
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1,000,000,000 $FACT to a series of [ADA Handle](https://mint.handle.me/)
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wallets. Each of these adahandle wallets represents one of the allocations as
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mentioned in the chart below.
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1,000,000,000 $FACT to a series of [ADA Handle][handle-1] wallets. Each of these
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adahandle wallets represents one of the allocations as mentioned in the chart
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below.
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![FACT tokenomics pie chart](/img/2023-08-30--FACT-tokenomics-pie-chart.jpeg)
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![FACT tokenomics table](/img/2023-09-02--FACT-tokenomics-table.png)
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[handle-1]: https://mint.handle.me/
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## Validator rewards
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The biggest allocation is reserved to reward our decentralized validators for
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## Launchpad & LP Bootstrapping
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Orcfax used the [Wingriders Launchpad](https://medium.com/@orcfax/orcfax-token-launch-in-collaboration-with-wingriders-launchpad-39d63da2b379)
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to introduce the FACT token to the open market and make it available for
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circulation. this was done to raise funds for continued project development via
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a decentralized and non-custodial process.
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Decentralized, non-custodial, and fair price discovery were critical aspects of
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the Orcfax launch. This is why we refrained from utilizing a centralized initial
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coin offering (ICO) style public sale. By doing so, we empowered the market to
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set the token’s initial price, avoiding pre-determined prices, promotes
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decentralization strategies, and provided an opportunity for the initial
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bootstrapping of a liquidity pool. Additionally, this approach also enhances
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regulatory clarity and minimizes future risks.
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Orcfax used the [Wingriders Launchpad][launch-1] to introduce the FACT token to
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the open market and make it available for circulation. this was done to raise
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funds for continued project development via a decentralized and non-custodial
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process. Decentralized, non-custodial, and fair price discovery were critical
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aspects of the Orcfax launch. This is why we refrained from utilizing a
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centralized initial coin offering (ICO) style public sale. By doing so, we
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empowered the market to set the token’s initial price, avoiding pre-determined
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prices, promotes decentralization strategies, and provided an opportunity for
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the initial bootstrapping of a liquidity pool. Additionally, this approach also
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enhances regulatory clarity and minimizes future risks.
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86,000,000 (8.6%) $FACT was allocated as collateral for ADA contributed by
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Launchpad participants. 24,000,000 (2.4%) was allocated for bootstrapping the
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seed, or private sale rounds. We believe this has resulted in a more fair
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distribution of our token among our community.
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[launch-1]: https://medium.com/@orcfax/orcfax-token-launch-in-collaboration-with-wingriders-launchpad-39d63da2b379
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## Token foundation
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50,000,000 (5%) $FACT have been allocated for use in developing and the
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[400th epoch][ispo-1]. The Orcfax [reflection][ispo-2] on the process was made
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available to the public on July 7th, 2023.
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[ispo-1]: https://orcfax.io/assets/Orcfax-ISPO-Prospectus--March15-2023.pdf
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[ispo-2]: https://docs.orcfax.io/assets/files/2023-07-07--Orcfax-ISPO-reflection-0212f8cd59e995f75fc8d5c0ad2625e7.pdf
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As the ISPO approached its saturation point in epoch 405, Orcfax closed the pool
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for new delegators, and the ISPO came to a close in epoch 413. The speed at
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which the Orcfax ISPO reached saturation, and came to a successful close, made
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date of 6 months after the start of the ISPO and a 6 month vesting period (i.e.
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distributed monthly, for 6 months).
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[ispo-1]: https://orcfax.io/assets/Orcfax-ISPO-Prospectus--March15-2023.pdf
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[ispo-2]: https://docs.orcfax.io/assets/files/2023-07-07--Orcfax-ISPO-reflection-0212f8cd59e995f75fc8d5c0ad2625e7.pdf
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## Yield Farming APY
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20,000,000 (2%) FACT tokens are used to enhance the appeal of our liquidity

docs/FACT token/utility-token.md

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incentivize participation.
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More information about the utility of the FACT token can be found in thr Orcfax
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[Economic Model][econmodel-1].
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[econmodel-1]: economic-model
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[Economic Model](economic-model).
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## Utility 1: Payment
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potential node operators and non-validators could look forward to as licenses
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became available and as the incentivized testnet (ITN) was rolled out.
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[announce-1]: https://medium.com/@orcfax/orcfax-validator-license-announcement-5da07ef1439c
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If, for whatever reason, a node reports irregular data or has persistent
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networking issues, then their deposited stake will be slashed by the protocol.
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This is both a penalty for jeopardizing the integrity of the Orcfax network, as
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well as an incentive to re-calibrate their node operations.
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[announce-1]: https://medium.com/@orcfax/orcfax-validator-license-announcement-5da07ef1439c
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## Utility 3: Rewards
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When a fact statement is published on chain the validator that was randomly
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### Validator incentives
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Validators have the ability to estimate potential rewards that they can expect
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by utilizing the [initial rewards calculator](https://docs.google.com/spreadsheets/d/1aH4Zwtn8KUTtrdzBBZFK1_Kulb7_a4uJGjzLhmPTLFc/edit#gid=1934045699).
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by utilizing the [initial rewards calculator][calc-1].
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The calculator allows users to simulate certain scenarios by modifying the most
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important parameters that define the estimated rewards (like number of feeds).
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The yellow fields can be modified by the user. Some fields include notes to help
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users understand how the calculation works.
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[calc-1]: https://docs.google.com/spreadsheets/d/1aH4Zwtn8KUTtrdzBBZFK1_Kulb7_a4uJGjzLhmPTLFc/edit#gid=1934045699
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## Utility 4: Voting
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Governance of the Orcfax network, including its technical operations, R&D,

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