Introducing $FRNX

Total supply: 10B

Documentation: https://docs.franklinxprotocol.ai

Token distribution is 25% airdrop to $DTF holders, 22.5% Treasury, 20% Team, 20% Strategic Partners, 12.5% Liquidity Provision.

$FRNX is a new token, of which a portion of the supply has been airdropped to holders of the $DTF token based on a past snapshot. For avoidance of doubt, the $DTF token will continue to exist onchain and its contract addresses are:

EmhVWGUa2Q9PN4QjzFjvuVyzFKg4s3ERwjKR9dQDpump (on Solana)

0x84054a6b72dd5c58Da8106e410e62658083a80E4 (on Base)

$FRNX is linked to the development work on Franklin X Protocol.

$FRNX accrues value in several ways, including but not limited to:

50% of protocol revenues will be used to buy $FRNX from the market weekly. Buyback purchases will be transparently recorded and all buybacks will accumulate in a designated address.

$FRNX that is bought back will be redistributed in 2 ways:

$FRNX to be distributed to protocol users.
$FRNX to be distributed to stakers.

Cliff and vesting terms

The team and its strategic partners demonstrate their commitment to the protocol's long-term development through their vesting schedule. They are vesting 90% of their holdings with a 12-month cliff, followed by a 24-month vesting period that ends on March 1, 2028.

The team's operational treasury follows a disciplined management approach, with a 24-month vesting period ending on March 1, 2027.

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