1.FB is not an inscription, but more like a VC coin. There are 1.4 million in circulation now, with a total of 210 million. Therefore, it cannot be held for a long time in the same way as an inscription.
2. FB now produces 72,000 coins per day. Calculated at $30, the selling pressure increases by $2.16 million per day.
Every day, about 2 to 3 million worth of FB will be paid as transaction fees by retail investors, and miners may run to the market.
3. FB will have investors and team unlock 3.5 million tokens per month after 7 months, which is worth 100 million USD now.
4. In the short term, the price of FB may be good. Factal will launch inscriptions and runes in the near future, which may increase demand. The current circulating market value is 42 million. If some larger exchanges are launched, it will also generate a wave of traffic.
# 1 Tokens and Distribution
The total number of FB tokens is 210 million
1. Proof-of-Work Mining (50%):
- Half of the token supply is allocated to Proof-of-Work mining, ensuring network security and reliable block production.
2. Ecosystem Finance (15%):
15% of tokens are used for the ecosystem treasury to support investments and core improvements to the Fractal ecosystem. A maximum of 10% of the total pool may be used each year for 10 years.
3. Community Grants (10%):
- 10% of tokens are used for community grants, aimed at establishing partnerships and liquidity projects, and promoting network participation. Up to 10% of the total pool can be used each year for 10 years.
4 Pre-sale (5%):
- Only 5% of the tokens are used for pre-sale, targeting early investors. These funds are used to cover initial development and operating costs. All pre-sale tokens are locked within seven months and released linearly within twelve months to ensure participants' long-term investment in the ecosystem.
5. Consultant (5%):
- 5% of tokens are reserved for existing and future advisors to provide strategic support. A maximum of 20% of the total pool may be used annually for 5 years.
6. Core Contributors (15%):
- The remaining 15% of tokens are allocated to core contributors who build and maintain Fractal's core software. All tokens are locked up over seven months and released linearly over twelve months to ensure continued development resources.
# 2 Initial circulation calculation
From the perspective of token distribution, there is a clear method for mining, and pre-sales and core competitors also have a clear 7-month lock-up period. The remaining community donations, ecosystems, and consultants, we do not know its actual circulation. However, the project has published the relevant addresses, and we can follow up on the chain.
1) Ecosystem: 31.5 million in total, 60,000 transferred out.
2) Advisor address, 10.5 million, not moved
3) Community donations: 21 million tokens, 1 million tokens transferred out, should be used for airdrops
Of course, I also checked the addresses of pre-sales and core competitors and found that they were not moved. **So it is clear that the initial circulation of FB was 1.06 million. **
# 3 New Circulation Supply
The daily new circulation is the fb mined by miners. According to the document, a block is produced every 30 seconds, and each block rewards 25FB, so the daily output is 72,000 FB, and the monthly unlocking volume is 2.16 million FB.
Factal has now produced 14,000 blocks and 350,000 FBs from mining.
After 7 months, core contributors and pre-sales began to unlock, with a monthly unlocking volume of 3.5 million FB.
In addition, there are transaction fees. Due to the high level of on-chain participation, the transaction fee for each block is between 30 and 40 FB, and occasionally as high as 800 FB.
