FESS Token Transparency Report: August 2020
Hey Believers,
After the completion of the First FESS token burn event, in order to guarantee transparency to the community, the Tokenomics has been updated.
Initially, all of the tokens were allocated to a single address but due to listing requirements of Coinmarketcap, we have created separate addresses for all the dedicated allocations of the tokenomics.
Initial Total FESS Token Supply:
10,000,000,000
***Token Sold During Private and Public Sale***
All Private rounds combined:
Total Number of Tokens: 60,000,000 (13.5% Unlocked)
Token Sold during IEO:
Total Number of Tokens- 72,000,000 (40% Unlocked)
Total Token Sold:
132,000,000 FESS
The FESS tokens have been sent to the following addresses:
Maintenance
https://etherscan.io/address/0x3bc2dd1864a0e51f98155c1b55ab899fa8e002bf
10% Token Allocation (1 Billion & Reserved) –
Locked up to May 2021 then 5% unlock in every 6 months
Team & Corporation
https://etherscan.io/address/0x781e28d38f2678c75411dc67ec6e1bf93da4c772
24% Token Allocation (2.4 Billion and Partially Unlocked)-
Locked up to Jan 2021 then 5% release after every 3 months
Staking
https://etherscan.io/address/0x4dc60e5c4bfe40e6d989da283e73be0350bebd79
25% Token Allocation (2.5 Billion) –
Will be released after the main net even when staking begins
Development & FESS drop
https://etherscan.io/address/0x60e8de3f3eb70f55e5fec9b7b81f8f52ee760e18
34.4%- Token Allocation (3.44 Billion and Situational Unlock) –
5% at a time that too need-based release (post main net)
Airdrop / Bounty & others
0.5% Token Allocation (50 Million) -
Allocation is done for participants and rest of the tokens already burnt in August 2020
No of Tokens Burnt:
362,000,000 FESS Tokens
https://etherscan.io/tx/0x59cf1f0826ca8c372d3a18a81191471896765939bcd938456c97b2ce4be3578e
Updated Total Supply: 9,638,000,000 (Round figure)
Note 1: Tokens to be unlocked of Private Sale rounds are already covered under Current Circulation Supply of 97 million. Please be advised the supply won’t increase further whenever token unlock rounds commence in upcoming months.
Note 2: Any increase/decrease in the circulation supply (except IEO) only takes place after the main net event.
