According to Foresight News, the art creation and collection platform fxhash has announced the launch of its official token FXH to support a new on-chain economic model between artists and collectors. The total supply of FXH is 1 billion tokens, with a distribution plan of: 40% community airdrop (32% for early users, 8% for cooperative communities, all with no lock-up period), 30% ecosystem treasury and liquidity pool, 30% for team and investors (1 year lock-up period, 3 years linear release).
User's FXH allocation is based on their historical consumption, sales revenue, number of artist collections, and activity metrics on fxhash. FXH is not only a governance token but also the foundation for driving artists to create $artist tokens, aimed at supporting artists' creations through a tokenized incentive mechanism and sustainable liquidity. Fxhash will launch the $artist token issuance platform in the first quarter of 2025, providing artists with no-code tools to help them design tokens and connect with collectors.