FRIES Distribution
Last updated
Last updated
There is a total of 840,000,000 tokens (420M allotted in the raise). Potentially inflationary per governance proposal. The FRIES token contract address is 0xFA57F00D948bb6a28072f5416fCbF7836C3d62dD on Ethereum.
| Name | Allocation | |
|---|---|---|
*The treasury raise completed at $5,401,701.62 out of max $9,696,969 and all remaining tokens were moved into the Governance Reserve treasury following the results of this community proposal: https://snapshot.org/#/friesdao.eth/proposal/0x7dc1a3367bf7a5f6569544837177cebd623d1081d538b8787b277a51d34f6b8f
| Anticipated Target Date | Milestone |
|---|---|
Advisory
13%
2Y Monthly Vested, 1M Cliff
Community Reserve
5%
Requires Governance
General Incentive
5%
Requires Governance
Miscellaneous
2%
Requires Governance
Governance Reserve
25% 47.1% *
1Y Lock, Requires Governance
Raise
50% 27.9% *
Unlocked
February 2022
Token Launch
February 2022
Legal Structure Completed
March 2022
Staking
March 2022
NFT Reveal
June 2022
First Franchise Acquisition
July 2022
Individual Store Operation Plan
July 2022
DAO Operation System Deployed
August 2022
Franchise Specific Staking
Q4 2022
First Expansion (2nd Franchise)