Tokenomics

FADO Go creates a dual-token ecosystem with FADO (Utility Token) and FGT (Governance Token) to establish sustainable and long-term business growth.

  • FADO will be fair-launched to the community via IDO Launchpads. We aim to raise funds for the governance token FGT and do IEO in the next 6 months after the FADO token release.

  • FADO holders will be prioritized in FGT token sale with special discounts & benefits.

  • Both tokens will be issued on multi-chain and firstly built on Binance Smart Chain (BSC) and will be listed on both centralized and decentralized crypto exchanges (CEXs and DEXs).

  • FGT governance tokens represent voting powers in the ecosystem and have the deflation mechanism through Buy Back & Burn based on FADO Go's revenue. Holders will shape the future of FADO Go by showing their support/disapproval for upgrades in the ecosystem and deciding the usage of the community treasury.

  • Shoppers will be able to earn extra income with FADO Go if they stake either or both tokens, participate in key governance votes, and pay for goods & services on our shopping platform.

Utility Token (FADO)

FADO token aims to raise funds to develop all features in Shopping-To-Earn & Dropping-To-Earn for FADO Go.

  • Ticker: FADO

  • Total supply: 10,000,000,000 FADO

  • Token price: $0.0016

  • Market Cap: $16,000,000

Minting FADO token mechanism:

Minting via Loyalty Points:

(Number of minting tokens per day x Average Token Price) <= 1-3% Daily Order Value (adjusted according to the actual situation)

Minted tokens will be paid out: 70% for Buyers and 30% for Team

Minting via Token Buying Volume Surplus:

Number of minting tokens = (Token Buy Volume - Token Sell Volume) x K% (K is adjusted according to the actual situation)

Minted tokens will be paid out: 70% for Stakers and 30% for Team

Token Sales

Governance Token (FGT)

FGT tokenomics will be finalized with more details based on FADO token valuation. FGT token sale will raise funds to develop the SocialFi Live Shopping platform on FADO Go.

  • Ticker: FGT

  • Total supply: 100,000,000 FGT

  • Token price: N/A

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