What percentage of StaFi (FIS) coins does the development team hold?

The development team holds 30% of the FIS supply with a 24-month vesting period to ensure long-term platform commitment and prevent market destabilization.

Jan 07, 2025 at 07:12 am

Key Points

• StaFi (FIS) coin distribution and release schedule
• Development team's FIS holdings and vesting period
• FIS distribution to investors, advisors, and community members

StaFi (FIS) Coin Distribution

StaFi is a decentralized platform that enables users to stake their Proof-of-Stake (PoS) crypto assets without losing their liquidity. The platform's native token, FIS, is used to pay for transaction fees, participate in governance, and incentivize node operators.

The total supply of FIS is 100 million tokens, distributed as follows:

• 50% to the community through mining and staking
• 30% to the development team and advisors
• 20% to investors

Development Team's FIS Holdings

The development team holds 30% of the FIS supply, or 30 million tokens. These tokens are subject to a vesting period of 24 months, with 12.5% of the team's holdings released each quarter.

The vesting period ensures that the development team is committed to the long-term success of the StaFi platform. It also prevents the team from dumping a large number of tokens on the market, which could negatively impact the price.

FIS Distribution to Investors, Advisors, and Community Members

The remaining 20% of the FIS supply is distributed to investors, advisors, and community members.

• Investors: Investors who participated in StaFi's seed and private sale rounds received a portion of the 20% allocation. The tokens distributed to investors are subject to a vesting period of 12 months, with 25% of the tokens released each quarter.
• Advisors: Advisors who provided guidance and support to the StaFi team during the project's early development stage received a portion of the 20% allocation. The tokens distributed to advisors are not subject to a vesting period.
• Community Members: A portion of the 20% allocation is reserved for community members who participate in StaFi's governance process and contribute to the platform's growth. The tokens distributed to community members are not subject to a vesting period.

FAQs

Q: Why does the development team hold such a large percentage of FIS tokens?

A: The development team holds 30% of the FIS supply to ensure that it has the resources to continue developing and improving the StaFi platform. The team's tokens are subject to a vesting period, which prevents them from dumping a large number of tokens on the market.

Q: How can I get involved in the StaFi community and earn FIS tokens?

A: You can get involved in the StaFi community by participating in the platform's governance process, contributing to the development of the platform, or participating in community events. Community members who make significant contributions to the platform may be rewarded with FIS tokens.

Q: What is the future outlook for FIS?

A: The future outlook for FIS is positive. The StaFi platform is a unique and innovative solution to the problem of PoS asset liquidity. The platform has a strong team of developers and advisors, and it has received support from major investors. As the StaFi platform grows and attracts more users, the demand for FIS tokens is likely to increase.