Fracton protocol was officially launched on August 11, 2022. The Fracton token($FT) is a key part of Fracton infrastructure, as it serves as the governance token, encourages user participation, and is the primary payment token within the Fracton ecosystem.
$FT has a total supply of 100,000,000 tokens. Here is a breakdown of how these tokens will be distributed.
To grow the Fracton ecosystem and community.
To incentive early adopters and active users
Reserved to raise funding from strategic round and private/public sales
To reward advisors for the long-term success of Fracton
To compensate the core team members who developed the product and its infrastructures.
Reserved to create demand and influence taget audiences' behavior.
IEO token allocation is the distribution of tokens to participants in an Initial Exchange Offering.