The Governance Token Of FAT Network
FAT Network is the first referral based Decentralized Finance (DeFi) yield aggregator featuring Trading Pools, Yield Farming, Decentralized Lending with a single deflationary token to power the network.
Yield farming shares the same benefit as seen in centralized finance such as bank loans and with decentralization, trust is removed without the need for third parties and when we combined these benefits with the power of affiliates, we are able to unlock a whole new possibilities and the financial reward of this system is endless.
Users earn upto 84% APY on idle balance in addition to receiving a whopping 25% direct referral bonus for their time.
PROCESSES:
Plough => Sow => Cultivate.
The system operates in three categories as described below:
PLOUGH:
This is how a user access the network in order to unlock all other benefits starting with only a minimum one-time plough fee of $20
-Every users retain 40% of their plough fee and immediately begins to earn 5% interest from yield farming other protocols monthly.
-Users earn 25% direct referral bonus for everyone who signs up with the user’s link.
-Users earn indirect bonus of 5% for sub-referrals upto third generations.
-5% of all plough fees is used for Buy-back and Burn of FAT Network’s governance token making it a complete deflationary token. These effect reduce selling on secondary market and introduces scarcity thereby driving the value of the governance token.
SOW:
At this stage, users increases their earnings on idle balance upto 7% by staking selected coins and stablecoins to the Network.
CULTIVATE:
This is the full farming circle for all users within the FAT Network. The major component in this phase is Farming of FAT Network Governance Token and Fees allocation to referrals and Liquidity providers.
-Users may stake FAT Network Token to earn even more interest.
-Convenience fees charged on withdrawals made outside of standard plough periods (Less than 36 days)
-0.5% aggregator fees charged only on withdrawals and paid 80% to referrals.
FAT NETWORK TOKEN GENERATION EVENT.
Total Supply = 10 billion tokens (deflationary)
Seed Generation event:
600 million token is made available for early investors during the seed raise at $0.0002/token.
Invest in seed round, become a pioneer share-holder and unlock great bonuses.
Private Token Generation Event:
600 million token will be made available during the private token raise at $0.0003/token.
Invest upto $1000 to unlock Leader share-holder’s benefit.
Token Generation Event
800 million token will be available to the public at token generation event at $0.0005/token.
Token Listing on Dex at $0.0006/token
Use of Funds:
SEED — To raise $120,000
Physical offices in two locations
Web2 development.
Marketing & Legal framework
PRIVATE — To raise $180,000
Web3 development and integration
Marketing
MVP Launch
PUBLIC — To raise $400,000
40% the equivalent of $160,000 to provide liquidity together with 266,666,666 tokens (locked)
30% Project Development
17% Marketing
5% Founders
5% FAT DAO
3% Charity
Total raise:
To raise $700,000
Initial Market Capitalization = $6mln
Initial Circulating Supply = 2bln tokens
Interest is open to early contributors - Join the whitelist […]
…Full tokenomics to be published soon.
Website: TBA
Twitter: https://twitter.com/FATDefi
Telegram: https://t.me/fatdefi
Announcement: https://t.me/fatnetwork
email: fatdefi@gmail.com
