4.2 Token Allocation

• 5% Technical Team (500,000 FYC): Locked for 24 months, linearly released at 10% per month to incentivize the core development team.

• 5% Foundation (500,000 FYC): Locked for 24 months, linearly released at 10% per month, managed by the Singapore Star Foundation to support the blockchain’s long-term development.

• 10% Community Ecosystem (1 million FYC): No lockup, overseen by the foundation, allocated for community node competitions, ecosystem development, and user rewards.

  • To accelerate the growth of the FYC global community, the Singapore Star Foundation has established a community node competition reward mechanism. Phase 1 includes the following two reward programs:

    1. Computing Contribution Reward: Community nodes are ranked based on their computing contribution (measured in GPU hours), with the top 10 nodes sharing 300,000 FYC in rewards.

    2. User Referral Reward: Community nodes are ranked based on the number of new users they refer (registered and KYC-verified users), with the top 10 nodes sharing 200,000 FYC in rewards.

  • Subsequent Phases: Reward programs for Phase 2 and beyond will be determined through discussions and voting between the Singapore Star Foundation and node partners, ensuring fairness and transparency.

  • Total Reward Pool: All global community nodes collectively share 1 million FYC ecosystem tokens, working together to promote and advance the FYC ecosystem.

• 80% Mining Pool Contract (8 million FYC): Entirely produced through Fcoin staking, ensuring user participation as the core production mechanism.