Fantasm Finance FSM Rewards Launch

New synthetic token launch on FTM.

DETAILS

• Max supply: 30,000,000 FSM
  • 21,000,000 FSM to staking pools
  • 6,000,000 FSM to dev wallet with 2 years vesting & 8 weeks cliff
  • 3,000,000 FSM to treasury with 3 years vesting
• To mint xFTM, you need to hold FTM (80%) and FSM (20%) in your wallet
• Each minting and redeeming of synthetic assets like xFTM incurs a 0.30% and 0.50% fee, respectively
• Farmed FSM have 8 weeks vesting period
• Vesting, Staking, Locking and Fee Distribution will be after 7 days (epochs)
• Stakers also earn 50% of the penalty fee from FSM/FTM and xFTM/FTM pools who claim early
• xFTM is the fractional algo synthetic token, pegged to the price of FTM
• FSM is the farming / utility token