Fantom Oasis - Token Allocation & Tokenomics
Primer: Fantom Oasis is a decentralised project launchpad for the Fantom Opera network. In this article, we will be looking at the allocation and tokenomics of their native token FTMO in more detail. We will also be exploring the staking mechanism and benefits here.
Introduction
Fantom Oasis is a decentralised project launchpad for the Fantom Opera network. It serves as a platform to connect project creators and investors with an interesting staking mechanism tied to bonuses to new projects’ tokens. In the new fledgling Fantom ecosystem, project creators can use the expertise of Fantom Oasis to provide financing, development, auditing, marketing and strategic advice to ensure success for their project.
We’ve already done up a podcast summary about Fantom Oasis here, so readers can refresh their memory.
In this post, we will explore the token allocation and tokenomics of the native token FTMO and explore why an investor should stake their FTMO tokens. Let’s go!
Token Allocation
FTMO tokens have a total supply of 100 million tokens. Different stakeholders can get the tokens at different prices and with different vesting periods. Generally the higher the price of the tokens, the higher the percentage of tokens unlocked. The remaining tokens will be unlocked linearly over 3 months (12 weeks) for the tokens sold. Team Allocation has a longer locking period of 6 months.
The table below shows the details. The source of the table comes from the whitepaper here and the Medium article here.
We did an infographic detailing the different allocations of the stakeholders in a nice diagram below.
Staking Mechanism
FTMO holders can stake their tokens in pools to get a yield. If they stake the LP tokens, they can get a staking score which will lead to bonuses for any new projects tokens under the Fantom Oasis ecosystem. The longer the length of time and the more FTMO token staked, the greater will be the bonuses, with floors and ceilings on staking benefits. This is to prevent one whale wallet from soaking up the entire pool or little ones gaming the system. These staking bonuses include discounts to the new project tokens, rewards and an increase in the maximum allocation size.
50% of the total supply of FTMO tokens are used for liquidity mining rewards, with the first 90 days emitting 30% of the total supply. This will serve to incentivise staking by boosting the yield and bootstrap the platform. The remaining 20% of the total supply will be emitted slowly into circulation.
There are other details that are not mentioned as it is out of the scope of this article. Readers who are interested to do a deeper dive can look into their whitepaper to find out more, or you can join their social media platforms to ask questions.
Getting In Touch With Them
If you are a developer launching a project on Fantom, you can contact them through Telegram or Discord to talk about your idea
Telegram
Discord
Discord is run by the community
All information presented above is for educational purposes only and should not be taken as investment advice. Summaries are prepared by The Reading Ape. While reasonable efforts are made to provide accurate content, any errors in interpreting and summarizing the source material are ours alone. We disclaim any liability associated with the use of our content.