We are excited to announce our subsidiary DeFi token called FrensPad with the ticker $FPAD. As y’all know $FFS is the governance token that governs the general Fantom Frens ecosystem and its financial resources!
FrensPad is the launchpad token of the Fantom Frens ecosystem with a fixed total supply of 10,000,000 $FPAD. FrensPad aims to be the most efficient DeFi hub for launching prospective projects in the fantom ecosystem. Our product value will be community based and launchpad decentralised features.
Holders of $FPAD will benefit from free token/NFT airdrops, guaranteed allocations(tier based) for upcoming presales, Launchpad staking incentives and special preferences in projects that launch through our platform and community.
5% of the $FPAD total supply will be airdropped to $FFS holders, 5% of $FPAD total supply will be sent to FrensVault, 50% of $FPAD will be paired with 20,000 $FTM to supply initial liquidity on spookyswap while 40% of $FPAD total supply will be sent to staking contract for sustainable and innovative staking.
FrensPad decentralised launchpad will go live in Q2 2022. On a quarterly basis, 50% of generated fees from our launchpad will go to FrensVault, 30% of generated fees from our launchpad will go to $FPAD holders while 20% of generated fees from our launchpad will go to $FFS holders.
Our NFT is scheduled to go live in Q2 2022. 10% of the total supply will be airdropped to $FFS holders and 20% of total supply will be airdropped to $FPAD holders while proceeds from the remaining 70% of total supply will be sent to FrensVault.
$FPAD STAKING: 365% APY @ 1% Daily
$FFS STAKING: 182.5% APY @ 0.5% Daily
LOCK UP PERIOD: One time lock up period of 7 DAYS for new deposits
DEPOSIT & WITHDRAWAL FEES: No fees
APY TYPE: Fixed
SECURITY AUDIT: Staking contracts will be audited by a reputable firm before staking goes live.
$FPAD EXAMPLE: Stake 10,000 $FPAD and get 100 $FPAD daily
$FFS EXAMPLE: Stake 1,000,000 $FFS and get the USD equivalent of 5000 $FFS paid in $FPAD daily
Fantom Frens Loyalists can now earn while doing what they have been doing for weeks! This is an incentive structure that is sustainable and will motivate old and new community members to spread the the good word to every corner in the crypto space.
When a holder stakes $FPAD using your referral link, you get 1% of their first deposit amount. For example, when a holder who uses your link stakes 100,000 $FPAD you get 1000$FPAD.
When a holder stakes $FFS using your referral link, you get 1% of their first deposit amount. For example, when a holder who uses your link stakes 10,000,000 $FFS you get the USD equivalent of 100,000 $FFS paid in $FPAD.
Total supply: 10,000,000 $FPAD
Staking Contracts: 4,000,000(40%)
Airdrop to $FFS holders: 500,000(5%)
Initial liquidity: 20,000 $FTM
Initial Liquidity lock: 6 Months
Liquidity Source: FrensVault & Fantom Frens Marketing Wallet
Deflationary: Automatic Supply Reduction By Design
TAX AND REVENUE
Every development under the Fantom Frens ecosystem shall work to benefit the ecosystem! There will be a 14% tax for all $FPAD on-chain transactions.
10% of all $FPAD transactions will be sent to FrensPad Treasury which majority will be strategically used to buyback $FPAD weekly and sent to staking contract for reward sustainability.
2% of all $FPAD transactions goes to #FantomFrens marketing wallet which will boost aggressive marketing and swift development of the general Fantom Frens ecosystem.
2% of all $FPAD transactions goes to FrensVault which makes the FrensVault more liquid and powerful. This in general strengthens the Fantom Frens Ecosystem.
$FFS holders will claim a total of 10,000 $FTM directly from our dashboard on the 6th of FEBRUARY 6pm UTC!
On The 14th Of FEBRUARY 2022, $FFS liquidity lock will be extended by 6 months!
$FPAD will be fair-launched on spookyswap on the 15th of February 2022 by 6pm UTC and staking will be live on the 16th of February 2022 6pm UTC! Initial liquidity will be 20,000 $FTM and will be locked for 6 months!
Exciting times ahead!🚀
Fantom Frens aims be the biggest and most rewarding community driven token in the Fantom Ecosystem!