Fuzz token is the main utility and governance token of Fuzz Finance
Token Name: Fuzz Finance
The FUZZ Finance token will be the epicenter of the Fuzz.Fi ecosystem. Our main prerogative is to create new, exciting and extremely unique dapps to bring the world.
There will be NO hard cap for FUZZ, however we do have a soft cap of 1 billion tokens, the soft cap is a marker we'll use to gauge our deflationary mechanisms and attempt to stay below that threshold. We believe we will create enough utility and demand in our other decentralized applications to create a natural inflation control mechanism. All of our other dapps will use ONE tokens to buy and burn FUZZ or to accept FUZZ as a fee and burn the FUZZ that is received. Below are some of the deflationary mechanisms we will deploy.
- 0.05% of every trade made on FuzzSwap on Harmony
- 2% of every yield harvest in the Auto FUZZ Pool on Harmony
- 100% of the fees received from any Fuzz.Fi will be used to buyback and burn FUZZ
- 100% of any token received from any Fuzz.Fi dapp will be used to buyback and burn FUZZ
- 100% of FUZZ received from any Fuzz.Fi dapp will be burned
- We will continually add more mechanisms in the future to help control supply and boost our overall tokenomics
Our soft cap is 1 billion tokens. However with our deflationary mechanisms, this will slow or even create a deflationary supply.
- Development Treasury: 10 million tokens
- New dapps, bounties, bug fixes, auditing, etc.
- Community DAO Treasury: 2 million tokens
- When a DAO is created, the 2 million tokens will be used to create community initiatives
- Liquidity Provider Treasury: 5 million tokens
- Founder Treasury: 5 million tokens + 500k tokens per month