What is the issuance amount of StaFi (FIS) coins?

StaFi's initial token offering in November 2020 issued 100 million FIS tokens, with the total supply capped at 400 million tokens, ensuring long-term stability and incentives for ecosystem participants.

Jan 04, 2025 at 02:10 pm

StaFi (FIS) Coin Issuance Amount

• Initial Issuance: During StaFi's initial token offering in November 2020, a total of 100 million FIS tokens were issued and sold through a combination of private and public rounds.
• Total Supply: The total supply of FIS tokens is limited to 400 million. This figure includes the initial issuance, as well as tokens scheduled to be released through ecosystem incentives, staking rewards, and future token offerings.
• Locked Tokens: A significant portion of the initial FIS issuance was locked for various periods to ensure long-term stability and commitment from the project team and early investors.

• Token Release Schedule: The release of FIS tokens is governed by a carefully designed schedule to ensure a balanced distribution of tokens among participants in the ecosystem:

  • The StaFi Foundation holds 20% of the total supply, released over a 4-year period. This portion is intended to support the development and operation of the StaFi ecosystem.
  • The team behind StaFi receives 15% of the total supply, vested over a 3-year period with a 1-year cliff. This allocation aims to incentivize the team's long-term commitment and contributions to the project.
  • Early investors and partners receive 25% of the total supply, released over a 2-year period with a 6-month cliff. This allocation rewards their early support and contributions to StaFi's growth.
  • Ecosystem incentives, including staking rewards and developer grants, account for 40% of the total supply. These tokens are distributed gradually over time to encourage participation and innovation within the StaFi ecosystem.

FAQs

Q: What is Staking Fisco (FIS)?
A: StaFi is a decentralized protocol that allows users to unlock the liquidity of their staked assets without sacrificing the rewards associated with staking.

Q: What is the purpose of FIS tokens?
A: FIS tokens serve as the utility token of the StaFi ecosystem, facilitating various operations and incentives within the platform. FIS tokens are used for governance, staking incentives, ecosystem development, and transaction fees.

Q: Where can I buy FIS tokens?
A: FIS tokens can be purchased on various cryptocurrency exchanges, including Binance, Huobi, KuCoin, and Gate.io.

Q: What is the price of FIS tokens?
A: The price of FIS tokens fluctuates based on market conditions and supply and demand dynamics. The current price of FIS tokens can be found on reputable cryptocurrency price tracking websites and exchanges.

Q: How many FIS tokens are currently in circulation?
A: As of [date], the total circulating supply of FIS tokens is approximately [number of FIS tokens]. This number fluctuates over time as new tokens are released according to the token release schedule and tokens are locked or unlocked for various purposes.