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Introducing $FRNX

Introducing $FRNX

notion image
Total supply: 10B
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:
 
$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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