Tokenomics of Futira

grandblockchain (33)in #blockchain • 2 years ago

Futira Tokenomics:

As an ephemeral token on the Tron Network (TRX20) and the Binance Smart Chain, it was developed by Futira Ltd LLC and Futira s.r.o., and it is now available for purchase on cryptocurrency exchanges (BEP20). One Futira Token is worth the same as one Futira when it comes to monetary value, if we think about it in terms of money. All token holders will be offered the opportunity to exchange their tokens for Futira Coins upon the introduction of the Futira Coin and the initiation of trading in the Futira Coin.

Futira Token Details:

A smooth transfer from their respective firms to the cryptocurrency is guaranteed by Futira LLC and Futira s.r.o., two organizations that specialize in cryptocurrency conversion and exchange. Holders of Tokens will be able to exchange their Tokens for the same number of coins that they received when they acquired the Tokens by returning their Tokens to a specific account that will be posted on futiracoin.com after they have received their Tokens. Holders of Tokens will be able to exchange their Tokens for about the same amount of currency that they did receive when they procured the Tokens by returning their Tokens to a specific account.

It is possible that these tokens will never be made or distributed if there is not a strong demand for them in the marketplace. It is our goal to have the cryptocurrency listed on swap exchanges as soon as possible and to establish a market value for it as soon as possible. We are putting forth significant effort in this direction. There is no certainty that our efforts in this field will be fruitful, and we cannot guarantee that they will be. The contract was activated and the services provided under the contract were made available on the Tron network on January 1, 2022, which was the first day of the new year.

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Tokens are available for purchase in a total quantity of 10,000,000,000, making this the most expensive token ever created (ten billion). On our current schedule, we expect to reach our hard ceiling of US $1,000,000,000 by December 31st of this calendar year. Token sales will be restricted to a whitelisted subset of investors for the first time on February 25th, 2022, with the first Token sale taking place on February 25th, 2022. The company intends to distribute a Token contract address (TBD) through a variety of channels in the 48 hours leading up to the start of the crowd-sale event, which will take place within 48 hours after the event's launch.

To summarize:

Completed Token Launch: The token launch will be considered complete after a total of ten billion tokens have been sold. In accordance with the Futira website, early customers who purchased after the deployment of the Futira Token contract on the Tron network and before January 21st, 2022 will have their monies frozen for two months until the token's initial public offering (ICO) on February 25, 2022. Token holders who purchase tokens after January 21st, 2022, will be allowed to freely trade their tokens following the token's initial public offering (IPO). Two account managers were hired to keep track of the lock up times and to protect the pool account's assets and funds. This group of account managers has the authority to freeze and unfreeze any and all other accounts, including the genesis pool.

They also have the authority to handle lock up periods and protect the genesis pool. This will not be abused, and it will not be used in an inappropriate manner either. If a frozen account attempts to transfer or move tokens, the procedure will fail and the account will be frozen. There is still a record of what happened, and it is easily accessible to anyone who wishes to see it. Obviously, this was not a function that anyone wanted to perform. The Futira coin, which is based on the Binance Smart Chain, was designed in order to overcome the problem.