Pre-Launch Allocations
Explanation for Pre-Decided Allocations for FATExDEX
Last updated
Explanation for Pre-Decided Allocations for FATExDEX
Last updated
The below is pending finality by DAO vote. Explanations for each category are below
COMMUNITY IS NOT INCLUDED BUT <4% has been approved by the DAO to be used to build it and compensate those who help. Growth Fund is described at the end - it is for fintech dev.
"Corey & Adam": FATEx Engineers
4.65455905459%
68,642,992
Corey (back-end) & Adam (front-end) - www.dolomite.io founders - are the dev-tech origins of FATExDAO. They are the ๏ฌrst builders and Corey (back-end) is our experienced, technical advisor/support. He will stay on to ensure the roadmap has the developmental support needed to complete the mission. We will need a full team of experienced engineers to build FxD that are already lined up - Corey & Austin have spent extensive time meeting with developers to ensure we know the costs and resources necessary for the build. FATExDAO owes Corey & Adam immense gratitude for their time and expertise.
FxD/LP/Pre-MATIC Sale:
4.08888000%
36,345,600
Liquidity Pools & FxFoundry capital source for FxD - FATEx Fiat/FX Denominator Peg Token.
This will be to fund any liquidity pools and help fund FxD. FATE is not a technical component of FxD, but it is necessary to have capital set aside for LPs and to build FxD. The capital requirements to build FxD rapidly (i.e. hiring a top, 3rd-party, blockchain dev. firm that can provide a team of extremely advanced developers immediately) will cost approximately $300-$600K.
Corey & Austin will be using the FATE in this pool to provide liquidity for the MATIC launch of FATExFi - the LPs will be unstaked and withdrawn from the liquidity after a certain threshold. (A MATIC launch section details will be provided in this document as soon as the date is confirmed by MATIC, it will cover all specifics)
Legal:
1.00000000%
8,888,889
This is a political-economic mission - in-house legal has been critical to ensuring we are able to help support policy about DLT-tokens. We are deeply thankful for the support and perserverance our attorney has provided, for tokens, pro-rata, as FATExDAO grows. The allocation of the tokens earned-to-date will immediately be provided to our counsel, but will not be sold. Outside legal consultation on a federal and international level will be paid for using Growth / Reward Funds.
Pre-Sale Harmony Mainnet
1.881818143%
6,500,000
This allocation is for the original liquidity pool providers (Justin & Matt - not "doxxed") who are technically the first two DAO members. They are committed to FATExDAO in the long-term and share the vision of its founder(s): the creation of a new DeFi global economy is underway: very few people/projects truly grasp the complexities and correct usage of the technologies involved; the amount of capital to gain/lose is immense; and the correct application will change the nature of human existence. They provided over $10,000 for the initial liquidy of FATExDAO.
Harominites (SWAP & Auto. Options)
8.18181818%
72,727,273
They are called the "300" - DAO members from Harmony's FATExDEX. Who stuck with FATEx. They grasp the statements within this paper and know FATE represents more than a price, but an undertaking of far greater importance, yielding gains that fund our future, amd will work because we all will profit together. They are given the same allocation as The Founder Foundation because without them the DAO would not exist now.
Please read the section of the document section linked above for specifics & further explanation.
The Founder(s)' Foundation:
8.18181818%
72,727,272.7
The "Foundation" is allocated for human advancement in other sectors (i.e. biotech. & space) we have reduced this amount to equal the "Harmonites." When appropriate this should increase.
Austin has an undergraduate degree in international political-economics from Columbia Univ.; a graduate degree in banking/๏ฌnance from N.Y.U. & a 2nd masters in education. He has +10 years experience in: prop/algo trading; corporate (all sectors) & high net-worth banking; underwriting/risk-policy w/ focus in global treasury & commercial payments; last ๏ฌnance role: v.p. credit portfolio manager for a top-3-tier investment bank. He left banking for the same premises FATE was created and has taught middle school math in the South Bronx, NY for +5 years. He conceived the concept of FATExDAO in his senior thesis 20-years ago, and time spent during the COVID-19 pandemic. His experiences as a teacher in a โhigh-needsโ neighborhood gave him the perspective and the will needed to conceive FATExDAO. While undertaking the development with Corey & Adam, Austin conceived of FxD, as "stablecoins" became extremely popular, as a correctly structured alternative to the hazards they present (and have unfortunately witnessed recently).
Ciantera has a degree in biology from Loyola-Marymount University. She recently graduated from a full-stack website development program at Bottega University, completed a blockchain-coding-bootcamp and joined the DAO earlier this year. Since then, she has worked tirelessly to make FATExDAO possible. Like Corey, Adam, and all of the other supporters (advisors etc.), she understands FATExDAO is an idea for the fate of humanityโs future that unites people to collectively support a for-profit-human-capital-innovations enterprise an ESG, diversity, minority rights, economic equality/inclusion ideology. She is the first person to work for FATExDAO with Austin.
IMPORTANT: In a vote of no-confidence directed at any founding member - this share will not count towards that vote. Any vote of no-con๏ฌdence cannot be voted upon by he/she/they in question.
Ciantera & Austin are paid from the growth fund - all wallets/vaults/transactions are accountable and transparent via our GitHub.
Growth / Reward
60.53850300%
513,323,707
The remaining is up to the DAO. This should be enough to pay for the first 3 phases of the roadmap - it covers all rewards, capital allocations and outsources for technical expertise.
The allocations are for work that has been done/contracted already OR for capital that will be needed to operate - after that - it is up to the DAO to vote.
