Affyn Locks 50% of $FYN Maximum Supply for 10 Years
At Affyn, we have always believed in building for the long haul. Today, we are thrilled to announce a strategic decision reflecting our unwavering commitment to the project’s future and our community’s success.
We will be locking 50% of our maximum token supply (500,000,000 $FYN) for the next decade, with a gradual release of 5% each year from 2025 onwards.
This decision reflects our dedication to responsible tokenomics, ensuring a well-planned future fueled by strategic token usage over time.
Key Benefits
The lockup offers several key benefits:
Building a Sustainable Future
One of the key reasons behind this lockup strategy is to ensure proper planning and allocation of tokens for future use. By setting aside a substantial portion of our token supply, we can effectively manage our resources and allocate tokens in a responsible manner, thereby safeguarding the future of our project and ensuring ample tokens for sustained growth and development.
Demonstrating Long-Term Vision
This decision underscores our long-term vision and unwavering commitment to the project. It is a clear signal of our confidence in the underlying technology and our belief in its potential for growth and widespread adoption in the years to come. By locking tokens for a specified period, we demonstrate our dedication to building a thriving ecosystem that benefits all stakeholders, including investors, developers, and users.
Transparency Through Gradual Release
50% of our token supply will be unlocked gradually over the next 10 years, with a controlled release of 5% annually. This transparent approach aligns with our vision for sustainable growth. It ensures a steady stream of tokens for ongoing development while maintaining a healthy supply in circulation.
Token Lock Details
Date of lock: 13 March, 2024 (Tokens will be placed in a dedicated company wallet until 30 June, 2024, and then transferred to a smart contract for vesting)
Token lock wallet address: 0x4D6b1596F70dD9382A66D5c0D53222cD5747D51f
Amount of tokens locked: 500,000,000 $FYN
Vesting: 50m $FYN unlocked every year for 10 years, starting from 13 March, 2025
Updated tokenomics pie chart:
The first token unlock will take place on 13 March, 2025, with the last token unlock taking place on 13 March, 2034.
Affyn is a Web 3.0 gaming, metaverse, and lifestyle company that uses blockchain technology to build a sustainable closed-loop economy, where users can play and earn in the virtual world, and utilize their rewards in the real world.
