Introduction: The Native Token $FLA of Flamma Network
Introduction
Welcome to the world of Flamma Network, a blockchain platform dedicated to decentralization, transparency, and fairness. The native token of Flamma Network, $FLA, is a crucial element driving our ecosystem. This article provides an in-depth look at the total issuance, distribution mechanism, and the vital role of $FLA within the Flamma Network.
Token Basics
- Native Token Name: Flamma
- Symbol: FLA
- Total Token Supply at Genesis: 1 Billion
- Max Total Supply: 1.2 Billion
- Consensus Mechanism: PoS
Token Distribution
FLA is the essential resource within the FLAMMA NETWORK ecosystem, with a capped supply of 1.2 billion tokens. This supply cap is designed to ensure the stability of the token’s value and prevent inflation. These tokens power the network by enabling staking and daily operations, such as initiating transactions, thereby securing the ecosystem.
In the FLAMMA network, FLA determines the weight of each node in network decisions. Validators receive voting power proportional to their staked FLA, according to the Proof of Stake (PoS) consensus mechanism. To execute transactions on the network, users must pay “gas” fees, which are burned, permanently removing them from the circulating supply.
At the genesis, 1 billion FLA tokens were minted. Additional FLA tokens are continuously minted in small amounts to reward validators for their positive contributions, with rewards issued at the end of their staking period. This minting process offsets the FLA burned through transaction fees, with the total supply expected to reach 1.2 billion over approximately five years.
To ensure sustainable development and active community participation, we have meticulously designed the $FLA token distribution plan. The total supply of 1 billion $FLA tokens will be allocated as follows:
1. Participants & Contributors (SureAirdrop Part1)
- Purpose: 400 million FLA tokens are allocated to the SureAirdrop program to incentivize active participation and contributions to the Flamma network.
- Allocation: 40%
- Use: Airdropping to early users, active users, or distributing through specific activities.
- No Lock Period
2. Community (Sureairdrop Part2):
- Purpose: 200 million FLA tokens are reserved for community rewards, ensuring continuous engagement and growth within the Flamma community.
- Allocation: 20%
- Use: Market expansion, incentivizing community members to participate in governance, provide feedback, and engage in testing activities.
- No Lock Period
3. Ecosystem Grants
- Purpose: 250 million FLA tokens for ecosystem development. Projects that receive grants typically have a lock-up period of 1 to 3 years.
- Allocation: 25%
- Use: Ecosystem development, such as sponsoring developers, supporting collaborative projects, and rewarding ecosystem contributors.
- Lock Period: 1-3 Years.
4. Governance
- Purpose: Financial support for on-chain governance and decision-making.
- Allocation: 15%
- Use: Supporting technical innovations and major decision-making processes.
- Lock Period: 3 Years.
Role of the Token
$FLA is not just a medium of transaction within Flamma Network; it plays key roles in several areas:
1. Governance and Decision-Making
- $FLA holders can participate in on-chain governance decisions, including technological upgrades and important policy formulations. This ensures decentralized management of the network.
2. Community Incentives
- To encourage active participation, $FLA will be used to reward members who contribute to the network. Whether through testing, providing feedback, or engaging in community activities, participants have the opportunity to earn $FLA.
3. Ecosystem Development
- $FLA will be used to support developers and partners, incentivizing them to develop and deploy applications on Flamma Network. Through funding and rewards, we aim to create a thriving ecosystem.
4. User Expansion
- Through airdrop campaigns, $FLA will be distributed to early adopters and active users, expanding the user base and increasing the visibility of Flamma Network.
Flamma Network is committed to creating an open, transparent, and decentralized blockchain ecosystem, with $FLA at its core. Through well-designed token distribution and diverse use cases, $FLA not only drives network growth but also ensures active participation from the community and ecosystem.
Join us and be part of Flamma Network, witnessing and participating in this blockchain revolution!
About Us:
Flamma is a sequence-based blockchain designed for large-scale commercial applications. It features a high-performance network suitable for various use cases, including finance, payments, and gaming. The Flamma Network is open, interoperable, and decentralized, allowing anyone to quickly build super applications on its platform.
Contact Us:
🔗 Website: https://www.flamma.network/
📝 Docs: https://docs.flamma.network/
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📧 Mail: hello@flamma.network
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📰 Medium: https://medium.com/@flammanetwork
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