$FORM token economics are designed with long-term value creation in mind. We believe that great things take time to build properly and will require long-term commitment from the team.
1,000,000,000 $FORM initial maximum supply
2% supply expansion per year after the 250,000,000th $FORM token is released*
$FORM Emission Schedule:
20% of the total supply will be released to users as a reward when V1 is fully released with cross-chain capabilities in the first 12 months.
The remaining 80% will be released algorithmically over the ensuing 10 years
After the 250,000,000th $FORM is released, an automatic 2% (of the cumulative total supplies released thus far) per annum will be released algorithmically in perpetuity. This could be subject to the community vote.
Use of Proceeds:
65% for technical and business development
15% for marketing
15% for legal
5% for operations
40% for depositors and liquidity providers
25% for team (4-year lockup, daily vesting)
15% for community (1-year lockup, daily vesting with 2nd+3rd month cliff)
10%* for future security and maintenance of the network
5% Reserve** for advisors and consultants (4-year lockup, daily vesting)
5% Reserve** for IDO
* These and other parameters are subject to change via governance votes ** Any unused portion of the reserves will be placed into the treasury.