Fomotoken private sale

Fomotoken
4 min readMay 16, 2021

Dear Fomotoken community we are very excited to announce our Private sale officially begins on Binance Smart Chain and there is no require whitelisting and KYC,

Fomotoken Private sale buying terms

  1. Private Sale Tokens Allocation 10 Million
  2. buying limits 1 BNB to 15 BNB
  3. Price 0.03$ 1 BNB=11666 Tokens
  4. Vesting periods 6.66% for immediate release and remaining 14 months vesting, each month will be release 6.66% tokens

Smart contract to buy Fomotoken

0x31a8E488a6f8eFdBc00DBc37ABAcD5Ce8b3e7B6F

Fomotoken Smart Contract to add the token in your wallet (BSC)

Token Contract Address- 0x14da698b18621cce39a7a28de21a0f21c1a6df43

Token Symbol- FMO

Decimal- 8

Team and Advisor Tokens Lock

As we promised to our community we locked our Team tokens and Advisor Tokens for 12 Months, you can find below the Transaction to verify
https://bscscan.com/tx/0xe531a76cd37d914118c41a909ba587852bc4235e964dce9326d47bf0045463d8

IDO Update

After the Private sale and pre-sale, we will be going to a public sale on polkastarter and poolz launchpad,

Product Development Update

Swap, Borrowing-Lending, Staking will be launch in the last week of June 2021, and Decline protocol will be in Q3 2021

The website will be updated soon.

Facts and Figures

  • Total Supply: 100,000,000
  • Seed Price: $0.015
  • Private Sale Price: $0.03
  • Presale Price: $0.06
  • Public Sale price: $0.10

Seed sale: The seed round was for a strong supporter angle investor and partners, Seed sale price: $0.015, 5% of the total token supply, and will be distributed on nominated wallets in equal portions over a 20-month period.

Private sale: The private sale round will be for a strong supporter, Private sale price: $0.03, 10% of the total token supply, and will be distributed on nominated wallets in equal portions over a 15-month period, each month 6.66%.

Pre-sale: The pre-sale round will be for a strong supporter, Pre-sale price: $0.06, 6% of the total token supply, and will be distributed on nominated wallets in equal portions over a 10-month period, each month 10%.

Token Allocation & Vesting

Team: This allocation is created to incentivize the core team involved in building the Fomotoken platform, whose background can be found in our Whitepaper. Team allocation is locked for 12 months after the TGE. After this time, the allocation (which represents 10% of the total token supply) will vest with Team nominated wallets in equal portions over a 48-month period.

Advisor: We are building a team of dedicated advisors who will improve our go-to-market, support client acquisition, and provide strategic value in the development of Fomotoken. This allocation is locked for 12 months after the TGE. After this time, the allocation (which represents 5% of the total token supply) will vest with Advisor nominated wallets in equal portions over a 48-month period until exhausted.

Users Reward and Events Fund: The Users Reward and Events Fund will be uses to rewards users who support the Fomotoken platform via trading there will be VIP categories for example VIP1, VIP2, VIP3, VIP4, VIP5, Rewards and events funds will be rewarded for 60 month which represents 10 % of the total token supply

Liquidity: Necessary to provide sufficient liquidity to decentralized exchanges to reduce price volatility, 15% liquidity will be provided in Decentralise exchange which represents 15% of the total token supply and will be locked for 24 months,

Marketing Bounty: The marketing bounty and airdrop will be used in the platform's marketing, 2% of the total supply will be used for airdrop, and 3% of the total supply will be used for marketing.

Staking: The staking tokens will be for staking for 60 months to reduce price volatility, representing 30% of the total token supply.

About Fomotoken

Fomotoken is a multi-product platform, an advanced decentralized financial ecosystem focusing on reducing fees, fomotoken built a decline protocol to reduce fees on all trading assets.

Website | Telegram | Twitter | Whitepaper|

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Fomotoken

Fomotoken is a multi-product platform, an advanced decentralized financial ecosystem focusing on reducing fees, fomotoken built a decline protocol to reduce fee