Epoch 0 Timing
Last updated
Last updated
52 weeks, based on the MATIC block rate (1 block per 2 seconds). The first epoch (#0) will be 15724800 blocks long. Due to latency or technical issues related to MATIC's performance providing an actual date would not represent the length of the epoch exactly.
After launch and as FATExFi and our community evolve we will provide the necessary details about the epoch start, stop etc.
This duration should be enough time to complete the first phase of the roadmap and, at minimum have the team/prototype and additional capital, human and content resources necessary to start commercializing FxD and the ancillary product/services/platforms that would add value to the DAO's pursuits.
During Epoch 0, DAO members who joined and held FATE issued on Harmony who chose to have the vested, pre-allocation of their FATE on MATIC (see the section regarding Harmony Matic ReDeploy for details on this) will be receiving a steady, block-rate based release of FATE that will unlock automatically but require the users to actively elect to disburse them. An analysis section showing the impact that may have will be added once the allocation is finalized by DAO vote & the pre-launch swap option.
Ideally, we will not have to continue issuing FATE, which will be transferable to other token types related to the governance and collective ownership of the DAO, following regulatory requirements, and more sophisticated methods of compensation will be used. Most aspects of the additional epochs will need to be determined based on a variety of variables and how much has been achieved (i.e. FATE price, FxD and the progress of other roadmap items, market cap, broader economic conditions etc.) and will be determined by the DAO.
