frengate's tokenomics
Contract Address
Token Information
Below, we have highlighted the tokenomics of Frengate token. Our current tokenomics plan do not contain the information pertaining to holder rewards. This will be included in Phase II of our roadmap, which will begin as soon as all current utilities are live. In the meantime, we look are open to all feedback, and suggestions on how we can improve our services and what we have to offer.
Taxes: 5% Buy Tax & 5% Sell Tax
While the current imposed taxes are not fixed, it is capped at 5% so the team will not be able to increase it. Our eventual plan is to reduce taxes.
Max Supply: 100,000,000
While the current Max Supply is 100,000,000 - 20% of the supply is locked up for holder rewards (Phase II of our roadmap) and 10% of the supply is in the treasury wallet (from the team supply, treasury and airdrop). Fees from token taxes have been sent to the treasury, and at the moment, the treasury wallet contains ~27% of the supply. As of the time of writing, approximately 47% of the supply is locked up, and 53% of the supply is currently circulating.
Token Distribution
Tax Distribution
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