Initial Supply Distribution
Last updated
Last updated
The initial supply will be 75,000,000 FNX with 90% locked as veFNX at TGE. Distribution has been designed to be a highly attractive platform for early participants, whilst ensuring long-term sustainability for the protocol.
Chronos Airdrop: Chronos users will be a valuable addition to the Blast ecosystem as expert DeFi users from Arbitrum. We’re extremely grateful for all users who contributed to Chronos and who are making the move with us to Blast.
To thank all migrators they will receive 20% of the initial supply in the form of veFNX. For anyone that missed out on migrating there will be a new link for you to deposit and claim your airdrop.
Core Asset Engine: Key to this will be allocating voting power to pairs like USDB/WETH and BLAST/WETH. This veNFT will be a crucial component towards accelerating trading volume and deep liquidity for core trading pairs on Blast.
Fenix Foundation: The Fenix team will receive permanently locked veFNX that will be used in unison with the Ecosystem Paris veNFT to generate liquidity for core assets on Fenix. The lock represents our commitment to aligning ourselves with the long-term success of the platform.
Blast Native Grants: Key to the growth of the Fenix will be to bootstrap the initial flywheel of key ecosystems and Blast native partners who may be awarded a veFNX allocation.
The RISE Incentives: Rewards generated from this veNFT will power the RISE Incentives as a native rewards layer that can drive value for new and existing protocols and users on Fenix. Protocol Grants: To help bootstrap our partners at launch we are awarding each one an equal amount of veFNX to build deep liquidity for their pools. Lynex Airdrop: We are allocating 1% of the supply to the Lynex community, welcome to Blast!
Seed Round: Fenix has established partnerships with several key ecosystem players and contributors who are aligned to provide long-term value and sustained growth on the platform. To demonstrate this, 95% of the supply is in the form of veFNX. Orbs, our lead investor, represents our collective commitment towards providing high-performance liquidity technologies like the Fenix Liquidity Hub.
Fenix Rings Airdrop: Rings holders will receive 4,500,000 tokens that will be distributed proportionally to early adopters who bootstrapped liquidity on Fenix during the Open Beta.
Initial Liquidity: 3% of the initial supply will be paired with WETH and used to facilitate FNX swaps at launch.
Ecosystem Fund: The ecosystem fund is not a part of the circulating supply and will be reserved for future incentives on the platform and strategic partnerships
