Tokenomics

FavourseCoin ($FAV) serves as the foundational currency within the Favourse ecosystem. With a total supply of 1,000,000,000 tokens, its role is pivotal in fostering community engagement, rewarding contributions, and enabling transactions within the platform.

Ticker: $FAV

Chain: Polygon

Total Supply: 1,000,000,000

Token Usage: Gas, Staking, Governance

The initial distribution of FavourseCoin ($FAV) is designed to support a diverse range of participants in the ecosystem. The distribution strategy takes into consideration early investors, team members, community incentives, and ecosystem development. Early investors who participate in the seed and private rounds are rewarded for their early support and belief in the project. Team members are allocated tokens as a form of long-term incentive, aligned with their dedication and efforts to grow and develop the platform. Community incentives are set aside to encourage participation, engagement, and growth in the Favourse community. Lastly, a portion is allocated for ecosystem development, which includes strategic partnerships, collaborations, and integration. This comprehensive distribution approach ensures a wide dispersal of tokens, mitigating the risk of centralization and promoting a healthy, sustainable and active ecosystem.