$FUNGO has just announced tokenomics from @FungoLabs and this distribution met… · @0xDoran_NFT · TwKit

@0xDoran_NFT

$FUNGO has just announced tokenomics from @FungoLabs and this distribution method is quite different from many recent projects. Total fixed supply of 10 billion tokens, no private round, no presale and no transaction tax. Most of the supply is designed to go out of the market early, while still keeping a long-term locking mechanism for the team. Some notable points: • 36% supply for all 3,232 Genesis NFT, each NFT receives the same amount (about 1,113,861 $FUNGO). • 7% (700 million tokens) for Zama OG holders with the same claim rules. • 3% (300 million) for campaign X, details are being added. • The team keeps 10%, locks completely for the first 12 months and then starts to unlock gradually in the next 36 months. • Liquidity accounts for 34% and is permanently locked. The claim mechanism is also quite tight: holders have exactly 7 days to receive tokens, the unclaimed part will be burned. Users can choose to receive regular $FUNGO or cFUNGO (private version) to suit the encrypted NFT direction of the project (using FHE from Zama). This allocation method gives a strong priority to early supporters and the community, but in the end it still depends on how the token has real utility, liquidity and adoption after TGE.

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