# The token: $FRK

$FRK token is a ERC20 token minted on the Polygon Blockchain. It is the store of value of the Frak ecosystem. 

$FRK tokens have a fixed supply of 3,000,000,000.00000 units. 

$FRK shall be listed on both decentralized and centralized exchange on the future and shall be publicly tradable.

Creators and Users will always own a majority of tokens and be able to make decisions through the DAO (*see below*) 

#### $FRK Minting 

$FRK earning will vary over time based on the usage and actions taken by the community. 

Creators and Users can earn $FRK every time a user interacts with any content registered in the Frak Protocol. The only way $FRK can be minted is by consuming some content.  

#### $FRK Burning

$FRK has a limited supply therefore, no burning mechanisms are set up. However, in specific case of inflation burning could be decided by DAO (cf [Hedging against inflation](/frak-protocol/tokenomics/hedging-against-inflation.md))

Besides, DAO could also decided to create an inactivity fee with automatic burning algorithm. For example, if Owners do not interact with the ecosystem and/or tokens during a long period of time, FRK token owner will have to pay an inactivity fee. <br>

#### $FRK Initial Drop <a href="#usdfrk-lock-up-period-for-private-sale" id="usdfrk-lock-up-period-for-private-sale"></a>

| Description                           | Percentage | Number of tokens | Vesting Schedule                                          |
| ------------------------------------- | ---------- | ---------------- | --------------------------------------------------------- |
| Private Presale                       | 11.67%     | 350,000,000      | <p>Cliff : 12 months<br>Vesting linear over 24 months</p> |
| Public Sale                           | 2.33%      | 70,000,000       | <p>Cliff : 3 months<br>Vesting linear over 9 months</p>   |
| Ecosystem Rewards                     | 50.00%     | 1,500,000,000    | N/A                                                       |
| Exchange Treasury/Liquidity/Staking\* | 11.00%     | 330,000,000      | N/A                                                       |
| Team                                  | 8.33%      | 250,000,000      | <p>Cliff : 6 months<br>Vesting linear over 24 months</p>  |
| Technology & Development\*\*          | 5%         | 150,000,000      | <p>Cliff : 6 months<br>Vesting linear over 24 months</p>  |
| Advisors and Marketing                | 7.67%      | 230,000,000      | <p>Cliff : 6 months<br>Vesting linear over 18 months</p>  |
| Educational Program\*\*\*             | 2.00%      | 60,000,000       | N/A                                                       |
| Creator Grants\*\*\*                  | 2.00%      | 60,000,000       | N/A                                                       |

#### $FRK Lock up period for Private Sale <a href="#usdfrk-lock-up-period-for-private-sale-tier" id="usdfrk-lock-up-period-for-private-sale-tier"></a>

<table><thead><tr><th width="180">Package</th><th width="200">Vesting Schedule</th><th>Issuance</th><th>Price</th><th>Supply</th></tr></thead><tbody><tr><td><strong>Private Presale</strong><br><strong>Tier 1</strong></td><td>Cliff : 12 months<br>Vesting linear over 24 months</td><td>1,168,092</td><td><strong>$0.0096337396</strong></td><td>0.2%</td></tr><tr><td><strong>Private Presale</strong><br><strong>Tier 2</strong></td><td>​Cliff : 12 months<br>Vesting linear over 24 months</td><td>64,267</td><td><strong>$0.0240843491</strong></td><td>0.2%</td></tr><tr><td><strong>Private Presale</strong><br><strong>Tier 3</strong></td><td>​Cliff : 12 months<br>Vesting linear over 24 months</td><td>1,135</td><td><strong>$0.0337180887</strong></td><td>0.2%</td></tr></tbody></table>

\* 1,000,000 FRK are minted every time the balance of the Treasury Wallet is below 10,000 FRK

\*\* FRK are granted for every new developers involved in the development and the maintenance of the ecosystem

\*\*\* Those supplies are blocked and will be released after a decision made by the DAO.


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