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
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.
$FRK Initial Drop
$FRK Lock up period for Private Sale
* 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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