Tokenomics: FRIES
Fries - overview of the deflationary token supply
Last updated
Fries - overview of the deflationary token supply
Last updated
There was no premine or presale. The frying was selected as a process of distribution and was launched on October 3rd, 2020. Fries are distributed in two phases: Month 1 (900,000 blocks), and Months 2–11 (9,900,000 blocks).
Every Fries transaction will incur a 2% fee. 1% is burned forever to keep Fries deflationary. The other 1% goes to the Strong Fry Reserve , and distributed to the Ketchup holders. Strong Fries - 1% of all Fries transactions.
Total number of Fries ~50,600 total number of Fries taking into account the dev fund (2.5%), the 1% permanent burn, and the 1% Strong Fries harvest. However, this does not include any calculation on burn rate, as there is a 1% burn and 1% Strong Fries fee on every single transfer of Fries. This means by Oct. 14th, 2021 (end of $FRIES farming), there will definitely be less than this predicted total because of $FRIES deflationary design.
