FUEGO Tokenomics
Initial Supply
100,000,000 Tokens
80,000,000
Fair Launch (Locked Liquidity)
6,000,000 (Over 10 Intervals @ 5%)
Airdrop (70% VOID - 30% WINT Treasury owners)
4,000,000 + 10 ETH from Integer (INT)
Pairing Wallet (Multi-Sig Treasury)
6,000,000 (Over 10 Intervals @ 5%)
Team Wallet (Multi-Sig)
4,000,000
Marketing & Incentive Wallet (Multi-Sig)
Fair Launch - FUEGO LP (Protocol Owned Liquidity)
The tokens were launched on Uniswap V3 paired with ETH in a fair launch process. Anti-snipe methods were used and no outside entities were made aware of the launch date/time, name or ticker until the time token has launched to the public. We opened the token's Telegram at the same time as the fair launch, and started advertising the launch via social channels, to the crypto community, shortly after. 80,000,000 coins went live via LP on Uniswap V3.
Airdrop - AirdropFuego.base.eth
As a way to compensate former VOID holders for their loss in the rugging of that token, and to the Integer community who contributed 10 ETH to immediately launch the Treasury, 6,000,000 tokens were set aside for an airdrop to over 10,000 wallets at a 70% (4,200,000) split for VOID holders, and 30% (1,800,000) split to Wrapped Integer holders who qualified for an Airdrop (6,000,000 total). These tokens have been distributed at each 5% FUEGO burn interval (600,000/ea) over 10 milestones, starting at 5% burned.
The airdrop for VOID holders will continue to go to a snapshot of holders of 1000 or more tokens, excluding the block of those wallets that created the selloff. The airdrops will occur within 48 hours of each 5% milestone reached.
Treasury - DAOFuego.base.eth
The Treasury based "Pairing Wallet" started with 10 ETH deposited from the Integer Team. This capital was allocated in the 24 hours after launch and became the start of the FUEGO DAO Treasury. The 10 ETH and 4,000,000 FUEGO tokens were allocated to this wallet and were immediately owned by ALL of the FUEGO token holders. The ETH was used to equally fund six "full-range" Base liquidity pools with high volume tokens: $cbBTC, $AERO, $DEGEN, $BRETT, $VIRTUAL, and $LUNA and Base Chain's four most prominent deflationary tokens - $fBOMB, $PEAS, $CIRCLE and $NULL. After the pairs were created, the trading fees gained from the arbitrage of these pools is claimed at each interval and used to compound the pools or to start new pools. The Treasury, when there is a surplus of available Fuego, can be used to contribute to gauges on solidly protocols like Aerodrome and Equalizer on Base. When there is no surplus, the funds for incentives will come directly from the Marketing and Incentives wallet that is owned by the community.
In the future, instead of compounding the yield only to ongoing pools, the revenue will pay yield to the spot holders of the token once a 50% burn rate of FUEGO is obtained - incentivizing the long-term hold of the token by DAO members. Additionally, the Treasury will be managed by DAO members at the direction of the community based DAO once the token has reached a 50% burn threshold. The funds will be held in a 3 of 5 multi-sig wallet for maximum security.
Marketing and Incentive Wallet - IncentiveFuego.base.com
The Marketing and Incentive (M&I) Wallet will be used at the direction of the community. Beyond the 12 month contribution to Integer for their deflationary Treasury project and to Millennium Club (via fBOMB) in partnership with FUEGO, no contribution can be made from the M&I wallet exceeding 50,000 Fuego tokens without the approval of the FUEGO community. Once the burn threshold reaches 50%, no more than 10,000 FUEGO tokens can be utilized without a vote from the DAO. Additionally, as the protocol gains traction, it may be prudent for the protocol to move any unused tokens from the M&I wallet over to the DAO owned Treasury to increase yield for FUEGO holders. Some marketing and incentive ideas that have been considered are:
Incentivizing Gauges on Aerodrome, Equalizer, or other Solidly forked platforms.
Incentivizing Base Protocols to contribute tokens to the DAO for Diversified pairings (via Whitelist)
Incentivizing social media activity by the community
Pay contractors for content & design
Community Contests
The M&I funds will be held in a 3 of 5 multi-sig wallet for maximum security.
Team Wallet - TeamFuego.base.com
600,000 tokens will be released to the team at each 5% burn interval until the team wallet's 6,000,000 tokens are depleted. The team that has been assembled has many years in development work on several chains including Ethereum, Fantom and now Base. Their priority is to create a long-living finance protocol that allows its holders to store value against currency debasement and other inflating/high emission crypto projects. Here is a table of the team payments:
5%
600,000
5,400,000
10%
600,000
4,800,000
15%
600,000
4,200,000
20%
600,000
3,600,000
25%
600,000
3,000,000
30%
600,000
2,400,000
35%
600,000
1,800,000
40%
600,000
1,200,000
45%
600,000
600,000
50%
600,000
0
Once the 50% burn threshold has been achieved by the project, the DAO will begin paying 90% of the trading fee revenue to the FUEGO token holders. The other 10% will continue to be paid to the original dev team wallet for ongoing protocol maintenance and ongoing work done for the DAO.
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