Token Distribution
Token Distribution
Both Genesis FRST NFT holders and $FRST token will serve as part of the governance of the platforms. Holders will be eligible to receive a portion of the platform’s revenue and also vote on proposals across monetary and treasury policies, protocol development. This revenue redistribution amount will be different across Genesis FRST NFT and $FRST holders, being dependent on the amount of BNB contributed for the Genesis FRST NFT during the Genesis Period and also the amount of $FRST held.
A total of 500 Genesis FRST NFTs will be distributed during the Genesis Period. 92% of these Genesis FRST NFTs will be allocated to the community participants, 5% will be allocated towards the Protocol Reserve and 3% will be allocated to certain team members and advisors that helped immensely in contributing to the launch and development of the platform.
The FROSTY platform will allocate 90% of the $FRST token total supply to staking rewards and 10% to the Protocol Reserve. Note that 200 $FRST from the 9,000 $FRST allocated for staking was put towards providing the initial liquidity for the $FRST/BNB pancakeswap pool. The $FRST token will be distributed through staking NFTs on the FROSTY platform. $FRST will be distributed over the course of 1 year, where 3,600 $FRST tokens will be distributed evenly over the first two months. For the last 10 months, the remaining $FRST will be distributed according to the exponential decay model.
Parents NFT's are ERC-721 and can be bought at auction. Child NFTs are ERC-1155 and used in the supply chain.
There is no pre-sale. No investors or venture capitalists are backing FROSTY. The team bootstrapped the project.
Token
Standard
Min Supply
Max Supply
Genesis FRST NFT
ERC-721
40
500
$FRST
ERC-20
-
10,000
Parent NFT's
ERC-721
0
Unlimited
Child NFT's
ERC-1155
0
Unlimited
Genesis FRST NFT and $FRST holders are eligible to receive a portion of the revenue.
Revenue from the marketplace protocol fee
Rewards from ERC-20 $FRST utility token staking
This revenue redistribution amount will be different across Genesis FRST NFT and $FRST holders, being dependent on the amount of BNB contributed for the Genesis FRST NFT during the Genesis Period and also the amount of $FRST held.
All Genesis FRST NFT and $FRST holders are able to enjoy FROSTY Rewards.
Marketplace loyalty and rewards through discounts, customization, etc.
All Genesis FRST NFT and $FRST holders can vote on monetary policies, security policies, and R&D.
Incentives of $FRST token for participating in voting.
The holders must exercise their rights at least once every 30 days.
Non-active Genesis FRST holders can have their governance rights and abilities diminished or fully reverted.
Genesis FRST NFT Distribution
$FRST Distribution
200 $FRST from the Staking Rewards allocation was put towards providing the initial liquidity for the Pancakeswap FRST/BNB pool
$FRST will also be accepted for payments and transactions on Treasureland.
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