Token Distribution
The initial distribution of the FreelancoDAO governance token will be through an Initial DEX Offering (IDO) on Uniswap. During this IDO, 50% of the total supply of 10 billion will be made available for purchase by investors.
The remaining 50% of the token supply will be distributed as follows:
Founding Team: 15% of the total token supply will be allocated to the founding team, with a vesting period of 1.5 years. This ensures the founding team is incentivized to work toward the project's long-term success.
Reserves: 5% of the total token supply will be allocated to platform reserves, which will provide liquidity and ensure the stability and growth of the FreelancoDAO ecosystem.
Liquidity: 20% of the total token supply will be allocated for liquidity to ensure sufficient liquidity in the market to support the token's trading.
Advisors and Partnerships: 5% of the total token supply will be allocated to advisors and strategic partnerships. These tokens will be used to incentivize advisors and partners who bring value to the project.
Airdrops: 5% of the total token supply will be allocated for airdrops to early project supporters. These airdrops will be used to reward early adopters and supporters of the project.
Token Economics
The value of the FreelancoDAO governance token is also closely tied to its token economics. The token will be launched as an initial DEX offering (IDO) on Uniswap. This means that the initial supply of the token will be available for purchase on a decentralized exchange. Once the initial supply of the token is sold, the remaining tokens will be subject to a vesting period. This means that the tokens will be locked for a period of time before they can be released. This is intended to prevent a flood of tokens from entering the market and causing a sudden price drop. It also ensures that we are committed to the platform's long-term success.
Token Features:
Governance Voting: FLCO holders will have the right to vote on proposals submitted by FreelancoDAO members, including but not limited to proposals on governance, platform upgrades, and project funding.
Tradable and Vesting Period: FLCO will be tradable on major cryptocurrency exchanges but with a vesting period to incentivize long-term holding and discourage speculative trading.
Freelancer Boost: Freelancers can lock FLCO to boost their profile on the platform and earn staking rewards, increasing their visibility to potential clients.
Client Escrow and Yield: Clients can use FLCO to hire freelancers and keep their funds in escrow. While the funds are in escrow, they will earn yield through staking rewards.
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