🪙Tokenomics
Last updated
Last updated
The coins will launch on Uniswap V3 paired with ETH in a fair launch process. Anti-snipe methods will be used and no outside entities will be made aware of the launch date/time, name or ticker until the time token has launched to the public. We will open the token's Telegram at the same time as the fair launch, and will start advertising the launch via social channels to the crypto community, shortly after. 80,000,000 coins will go live via LP on Uniswap V3 for the launch.
As a way to compensate former VOID holders for their loss in the rugging of that token, and to the Integer community who is contributing 10 ETH to immediately launch the Pairing Pools, 6,000,000 tokens will be set aside for an airdrop to over 10,000 allets 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 will be distributed at each 5% burn FUEGO burn interval (600,000/mo) over 10 milestones, starting at 5% burned.
The airdrop for VOID holders will go to a snapshot of holders of 1000 or more tokens, excluding the block of those wallets that created the selloff .
The "Pairing Wallet" will start with 10 ETH deposited from the Integer Team. This capital will be allocated in the 24 hours after launch and will be relinquished to become the start of the FUEGO DAO Treasury. The 10 ETH and 4,000,000 FUEGO tokens will be allocated to this wallet and will immediately be owned by ALL of the FUEGO token holders. The ETH will be 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 are live, the trading fees gained from the arbitrage of these pairs will be claimed at each interval and used to compound the original pools. Once the token has burned 10% of its supply, the fees from these original pools will be utilized to widen the reach of FUEGO's Pairing Pools through community feedback and/or whitelist contribution pairings from other Base projects.
The Pairing Wallet of this token is vastly different from the "side-pool" wallet of VOID as explained in the Burn Mechanics section. Instead of compounding the yield only to ongoing pools, the side pool 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 Pairing Wallet 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 4 of 5 multi-sig wallet for maximum security.
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 direction 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 Pairing Wallet to increase yield for FUEGO holders. Some marketing and incentive ideas that will be considered at the outset of the protocol are:
Incentivizing Gauges on Aerodrome 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 artists for content & design
Community Contests
Volume Contracts
The M&I funds will be held in a 4 of 5 multi-sig wallet for maximum security.
600,000 tokens will be released to the team at each 5% burn interval until the team wallet's 6,000,000 tokens is 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 protocol that allows its holders to store value against debasing currencies and other inflating/high emission crypto projects. Here is a table of the team payments:
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 team wallet for ongoing protocol maintenance and work done for the DAO members.
| FUEGO Burn % | Team FUEGO Payment | Team FUEGO Balance |
|---|---|---|
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 (Muliti-Sig)
4,000,000
Marketing & Incentive Wallet (Multi-Sig)
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
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