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2022 FCT/FCT2 Unlock Schedule

Hello. This is FirmaChain.

Following is an announcement on expected circulation supply post 2022 token unlock schedule.

▶ Key Summary of ’21 Unlock Schedule

Prior to 2021, through DXM’s custody service, we deposited an amount of 100,000,100 and also we locked up the supply (7,293,300) that was buy-back from the market and hence did our best to let the aforementioned supply not affect the market price.

The supply (58,600,848) that was re-locked up from January to June of 2021, for the purpose of market stabilization, were gradually released in Q4 also reflecting our best efforts to control the circulating supply and minimize the impact of the unlock on market price.

▶ Key Summary of ’22 Unlock Schedule

In our previous announcement, we’ve already notified that starting October of 2021, the unlock of the supply that was re-locked up from January to June of 2021 for the purpose of market stabilization have commenced.

Please note that in 2022, the buy-back supply (7,293,300) will unlock starting January of 2022 while the reserve supply (80,000,000) from the amount that was put under custody (100,000,100) will unlock starting April of 2022.

For the remainder of the custody supply (20,000,100), our original plan was to release them with the reserve supply starting April of 2022. However, considering current market conditions, we’ve decided to postpone the unlock of the remaining supply for 1 year to 2023. Therefore, the reserve supply will not unlock in 2022.

The supply being unlocked starting Q2 will be less than the supply unlocked in Q4 of 2021 (9,766,808 per month). For more detail on the unlock schedule, please refer to the following expected unlock schedule for 2022. For more detail on the unlock schedule, please refer to the following expected unlock schedule for 2022.

The expected unlock schedule was initially planned based on a total supply of 600,000,000 FCT/FCT2. Therefore, please bear in mind that with the coming Mainnet hard fork, the expected inflation rate has not been factored in when calculating the expected circulation supply.

The exact inflation rate can only be factored in post-mainnet operation. We will notify the inflation rate through our future announcement.

Expected Circulation Supply for 2022 (amount in FCT/FCT2)

January 2022
Supply Unlocked: 10,070,693
Expected Maximum Circulation Supply: 392,810,199

February 2022
Supply Unlocked: 10,070,693
Expected Maximum Circulation Supply: 402,880,892

March 2022
Supply Unlocked: 10,070,697
Expected Maximum Circulation Supply: 412,951,590

April 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 422,572,935

May 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 432,194,280

June 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 441,815,625

July 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 451,436,970

August 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 461,058,315

September 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 470,679,660

October 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 480,301,005

November 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 489,922,350

December 2022
Supply Unlocked: 9,621,345
Expected Maximum Circulation Supply: 499,543,695

  • Inflation rate post mainnet launch has not been factored in.
  • For convenience, we have rounded the numbers up to integers although the original numbers include decimal points. The error from rounding up is less than 5 FCT/FCT2.
  • Unlock does not necessarily imply a direct injection of the supply into the market. In other words, the actual circulation supply could be less than the numbers mentioned in this announcement.
  • The schedule and the circulation supply provided above are for reference purposes, and are subject to change in the future depending on the roadmap or ecosystem expansion schedule.
  • Any changes to the above schedule will be announced before the happening of such change.

Thank you.

For more information about FirmaChain, or partnership inquiries, please contact us at contact@firmachain.org. Those who wish to join the FirmaChain team, please contact us at info@firmachain.org.

About FirmaChain

FirmaChain seeks to replace all written contracts governing social and legal issues by using an electronic contract platform based on FirmaChain’s data blockchain. Since traditional written and electronic documents are easy to forge, and the verification procedures are complicated, blockchain’s decentralization is used to solve the problem. FirmaChain can check the contract’s validity through its hash function, which can be verified in an independent node. This verification process can be used as a means to resolve legal disputes. Blockchain is an effective technology that eliminates the risk of forgery of such documents, and it is applied to the first DApp (decentralized application) of FirmaChain — DONUE.

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