@@ -9,22 +9,22 @@ slug: /tokenomics
9
9
The FACT [ utility token] ( utility-token ) has a fixed supply of 1 billion tokens.
10
10
11
11
The FACT token minting policy ID is
12
- [ a3931691f5c4e65d01c429e473d0dd24c51afdb6daf88e632a6c1e51] ( https://pool.pm/asset1kuwfd0esf9xcxurp2x4f9w65lvz4tkfw5epugq ) .
12
+ [ a3931691f5c4e65d01c429e473d0dd24c51afdb6daf88e632a6c1e51] [ policyid-1 ] .
13
13
14
- The FACT token is tradeable on
15
- [ Cardano DEX markets] [ dexes-1 ] . It is listed
16
- on coin tracking sites like
17
- [ CoinGecko] ( https://www.coingecko.com/en/coins/orcfax ) and
18
- [ CoinMarketCap] ( https://coinmarketcap.com/currencies/orcfax/ )
14
+ The FACT token is tradeable on [ Cardano DEX markets] [ dexes-1 ] . It is listed on
15
+ coin tracking sites like [ CoinGecko] [ listing-1 ] and [ CoinMarketCap] [ listing-2 ] .
19
16
17
+ [ policyid-1 ] : https://pool.pm/asset1kuwfd0esf9xcxurp2x4f9w65lvz4tkfw5epugq
18
+ [ listing-1 ] : https://www.coingecko.com/en/coins/orcfax
19
+ [ listing-2 ] : https://coinmarketcap.com/currencies/orcfax/
20
20
[ dexes-1 ] : https://www.taptools.io/charts/token?pairID=026a18d04a0c642759bb3d83b12e3344894e5c1c7b2aeb1a2113a570.2b4e632bf755fe5e33309a47216aa396106641edd056423e2ef2a08ce30bb604
21
21
22
22
## Token Distribution
23
23
24
24
Following the token generation event (TGE), the Orcfax team distributed all
25
- 1,000,000,000 $FACT to a series of [ ADA Handle] ( https://mint. handle.me/ )
26
- wallets. Each of these adahandle wallets represents one of the allocations as
27
- mentioned in the chart below.
25
+ 1,000,000,000 $FACT to a series of [ ADA Handle] [ handle-1 ] wallets. Each of these
26
+ adahandle wallets represents one of the allocations as mentioned in the chart
27
+ below.
28
28
29
29
![ FACT tokenomics pie chart] ( /img/2023-08-30--FACT-tokenomics-pie-chart.jpeg )
30
30
@@ -47,6 +47,8 @@ allocation.
47
47
48
48
![ FACT tokenomics table] ( /img/2023-09-02--FACT-tokenomics-table.png )
49
49
50
+ [ handle-1 ] : https://mint.handle.me/
51
+
50
52
## Validator rewards
51
53
52
54
The biggest allocation is reserved to reward our decentralized validators for
@@ -106,17 +108,16 @@ month vesting period.
106
108
107
109
## Launchpad & LP Bootstrapping
108
110
109
- Orcfax used the [ Wingriders Launchpad] ( https://medium.com/@orcfax/orcfax-token-launch-in-collaboration-with-wingriders-launchpad-39d63da2b379 )
110
- to introduce the FACT token to the open market and make it available for
111
- circulation. this was done to raise funds for continued project development via
112
- a decentralized and non-custodial process.
113
- Decentralized, non-custodial, and fair price discovery were critical aspects of
114
- the Orcfax launch. This is why we refrained from utilizing a centralized initial
115
- coin offering (ICO) style public sale. By doing so, we empowered the market to
116
- set the token’s initial price, avoiding pre-determined prices, promotes
117
- decentralization strategies, and provided an opportunity for the initial
118
- bootstrapping of a liquidity pool. Additionally, this approach also enhances
119
- regulatory clarity and minimizes future risks.
111
+ Orcfax used the [ Wingriders Launchpad] [ launch-1 ] to introduce the FACT token to
112
+ the open market and make it available for circulation. this was done to raise
113
+ funds for continued project development via a decentralized and non-custodial
114
+ process. Decentralized, non-custodial, and fair price discovery were critical
115
+ aspects of the Orcfax launch. This is why we refrained from utilizing a
116
+ centralized initial coin offering (ICO) style public sale. By doing so, we
117
+ empowered the market to set the token’s initial price, avoiding pre-determined
118
+ prices, promotes decentralization strategies, and provided an opportunity for
119
+ the initial bootstrapping of a liquidity pool. Additionally, this approach also
120
+ enhances regulatory clarity and minimizes future risks.
120
121
121
122
86,000,000 (8.6%) $FACT was allocated as collateral for ADA contributed by
122
123
Launchpad participants. 24,000,000 (2.4%) was allocated for bootstrapping the
@@ -131,6 +132,8 @@ achieving this goal. That’s why we decided not to sell any FACT tokens via VC,
131
132
seed, or private sale rounds. We believe this has resulted in a more fair
132
133
distribution of our token among our community.
133
134
135
+ [ launch-1 ] : https://medium.com/@orcfax/orcfax-token-launch-in-collaboration-with-wingriders-launchpad-39d63da2b379
136
+
134
137
## Token foundation
135
138
136
139
50,000,000 (5%) $FACT have been allocated for use in developing and the
@@ -152,9 +155,6 @@ The Orcfax ISPO started on March 15th 2023, within Cardano’s
152
155
[ 400th epoch] [ ispo-1 ] . The Orcfax [ reflection] [ ispo-2 ] on the process was made
153
156
available to the public on July 7th, 2023.
154
157
155
- [ ispo-1 ] : https://orcfax.io/assets/Orcfax-ISPO-Prospectus--March15-2023.pdf
156
- [ ispo-2 ] : https://docs.orcfax.io/assets/files/2023-07-07--Orcfax-ISPO-reflection-0212f8cd59e995f75fc8d5c0ad2625e7.pdf
157
-
158
158
As the ISPO approached its saturation point in epoch 405, Orcfax closed the pool
159
159
for new delegators, and the ISPO came to a close in epoch 413. The speed at
160
160
which the Orcfax ISPO reached saturation, and came to a successful close, made
@@ -168,6 +168,9 @@ total $FACT supply allocated to ISPO participants. This allocation had a cliff
168
168
date of 6 months after the start of the ISPO and a 6 month vesting period (i.e.
169
169
distributed monthly, for 6 months).
170
170
171
+ [ ispo-1 ] : https://orcfax.io/assets/Orcfax-ISPO-Prospectus--March15-2023.pdf
172
+ [ ispo-2 ] : https://docs.orcfax.io/assets/files/2023-07-07--Orcfax-ISPO-reflection-0212f8cd59e995f75fc8d5c0ad2625e7.pdf
173
+
171
174
## Yield Farming APY
172
175
173
176
20,000,000 (2%) FACT tokens are used to enhance the appeal of our liquidity
0 commit comments