🐶FAB Token

Fabulous Gerald Inu (FAB) - The Governance Token

Tokenomics & Distribution

FAB is the platforms main governance token which will be used as a payment, used to vote on decisions made by the Weast n.e.V., used to stabilize the FAB Ecosystem by creating FABUSD & as the main governance token on FAB-Swap the DEX where it will be the native Token. The Genesis Account minted 1,000,000 FAB. 10%(100,000) went to a good cause. In the beginning of 2023, 1% (10.000) of the coins will go towards a charity. In the next year again, up by 2026 (5%). The community will decide on how much and on what the money will go to.

The x% amount of coins for the charities will go on a separate wallet at the beginning of the year which will be sold partially and slowly over the year to prevent an impact on the price. At the end of the year this amount of money raised will go in one bundle towards the charity chosen by us. At the beginning of 2024. The Genesis Account will initiate a buy back of the 5%, of the 1% of the max supply over the year, repeating every year.

There is a hard cap on how much FAB will be released per year, halving after the first year and after the 4th year.

The Genesis Account is aiming to have less then 50% of the current supply by the end of 2022 and less then 25% by the start of 2024. 15% of the maximum supply is aimed towards development, the development-team gets a one time payment of 5% of the 15%.

Through manual and automatic market making and arbitrage trading on FABUSD & FABEURO any profit made by Weast n.e.V. profit will go into FAB serving as dividends for FAB holders.