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Home All Events Fantasm Finance FXM Rewards Launch

Date

Mar 24 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Mar 24 2022
  • Time: 10:00 am

Status

Active

Fantasm Finance FXM Rewards Launch

Re-launch of Fantasm, a synthetic token on FTM which previously got exploited. The hacked funds of investors were airdropped and returned in FXM.

DETAILS
  • Max supply: 30,000,000 FXM
    • 70% to staking pools distributed over 3 years
    • 10% to dev wallet with 2 years vesting & 2 months cliff
    • 10% to treasury with 3 years vesting
    • 10% to DAO with 3 years vesting
  • FSM emission allocated will be as follows:
    • 66% to FTMX-FTM LP
    • 26% to FXM-FTM LP
    • 8% to FXM-FTMX LP
  • Farmed FXM have 8 weeks vesting period
  • 50% penalty fee if you claim rewards before vesting period ends
  • Each minting and redeeming of FXM incurs a 0.30% and 0.50% fee, respectively
  • Vesting, Staking, Locking and Fee Distribution will be after 7 days (epochs)
  • FTMX is the fractional algo synthetic token, pegged to the price of FTM
  • FXM is the farming / utility token
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