We are very grateful to the community members who already delegated their votes to FRĀMD. Your support has been incredible! You inspire the team to keep building and pushing forward.
We are dedicating 3.2 million $FRMD tokens to be distributed over two years to incentivize voters. Originally, we planned to have the tokens split equally i.e. ≈133K per month. In this article we would like to introduce a slightly adjusted model.
bOMM and FRĀMD’s New Voting Incentive Structure
Now that it seems OMM is going to implement the boosted OMM (bOMM) locked staking model, all delegated votes will be reset after the proposal passes on July 12, 2022. Learn more about bOMM here.
We would like to ask community members to delegate their bOMM to us once again; in return we are reallocating the $FRMD rewards to greatly benefit early supporters:
- In July, we are tripling the $FRMD allocation to 400K up from 133K
- In August, we are doubling the $FRMD allocation to 266K up from 133K
The following table summarizes the new monthly $FRMD allocations:
We will be delaying the $FRMD daily voter rewards until Friday July 15, 2022. This gives us enough time to rewrite and test the scripts to implement the above changes. We also believe that by that time, bOMM will be live on mainnet. This means that for the month of July (as of the 15th), voters will earn a share of 25K $FRMD tokens daily.
Why Vote for FRĀMD?
- The more voting power users delegate, the more $FRMD they receive daily.
- Stake $FRMD to earn a share of the entire ecosystem earnings.
- The more votes we receive, the more node rewards we earn:
- Stakers receive more $ICX daily (15% share)
- The faster the POL model will increase the token’s value
- The faster the ecosystem treasury fills up - TL;DR
- Vote
- Earn $FRMD
- Stake $FRMD
- Let node rewards build the token’s value
- Earn additional income from ecosystem
Current Staking Status
We believe it is important to raise the community’s awareness on the status the current ICON network.
At the moment, there are ≈35M ICX (34,889,353) delegated to validator nodes that are offline and not contributing to the ICON Network (this is in the top 100 only!).
These votes are better off allocated to active, transparent teams who are building quality projects on the ICON Blockchain. We ask the community to vote responsibly.
For reference, please check here (This is an alpha version; data, website, URL can change at any time)
