ForTube3.0 TOKEN

It is a token for the currency standard used in ForTube3.0, which operates in conjunction with multiple networks for future fair draw standardization. It is used as the base currency within ForTube3.0.

Token information

Token Name: ForTube3.0

Token Symbol: FOT

Issuance limit: 1,000,000,000 FOT

Base chain and specifications: Ethereum ERC20

Method and Limit of Issuance

  1. ForTube2.0 Promoter Pass NFT Staking: 300,000,000 FOT (30% of the total issuance volume)

  2. ForTube3.0 after launch (AirDrop, LaunchPad, Promotion, etc.) : 600,000,000 FOT (60% of the total issuance volume)

TEAM FORTUBE Token Allocation

  • Allotted Volume: 100,000,000 FOT (10% of the total minted volume)

  • Issue Date: ForTube3.0 Launch Date

  • Lock-up period: Four lock-up periods of 2.5% 25,000,000 FOT of total issuance volume every six months from issuance

ForTube2.0 Promoter Pass NFT Staking

If you only own the Promoter Pass NFT, the ForTube3.0 token is mined. The mining starts automatically from the NFT minted block, and the Holder can move the mined token to the Holder's wallet at the time it wants.

Mining

The FOT is mined for each NFT from the block in which the Promoter Pass NFT is minted and the quantity (k) depends on the Pass Edition type.

  • Limited Edition : Mining 0.004 FOT per block

  • Regular Edition : Mining 0.002 FOT per block

Mint with wallet

The Promoter Pass NFT holder can move the mined FOT at any time and if desired from ForTube.io to its digital wallet (see service opening, roadmap).

The number of wallets minted at certain Block Number(x) is calculated as follows:

  • The starting mining block number (b) is updated to the block number at the time of FOT minting in the Promoter Pass NFT minting or holder's wallet.

Mint for Title Transfer

If the Holder sells, assigns, or transfers the Promoter Pass NFT, resulting in a change of ownership, the FOT mined up to the point of the block is automatically minted into the Holder's wallet. In other words, the FOT mined before the NFT belongs to the previous holder, and the new holder transferred can be mined from the time the transfer is made.

Stop Staking

All Promoter Pass NFT staking will cease if FOT issuance due to NFT staking reaches 30% of the issuance limit.

Last updated