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Home All Events Fantasm Finance FSM Rewards Launch

Date

Mar 01 2022
Expired!

TimePacific Time

6:00 am

Your Time

  • Timezone: America/New_York
  • Date: Mar 01 2022
  • Time: 9:00 am

Status

Active

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

Blockchain

FTM

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