F24 Tokens
What is F24?
F24 is a reward tool that connects the interests of various participants in the Fiat24 ecosystem. We effectively align the interests of Fiat24 users with stakeholders, clients, partners and community participants.
The maximum supply of F24 tokens is limited to 100 million. In terms of technical implementation, F24 is a ERC20 token built on Arbitrum blockchain, the contract address is:
https://arbiscan.io/token/0x22043fddf353308b4f2e7da2e5284e4d087449e1
What is the function of F24 token?
The token exists as a utility for 2 kinds of Fiat24 participants.
Premium users, to purchase premium numbers in https://www.fiat24.com/world
All consumed F24 tokens will be burnt directly. So when more and more users purchase these services, the circulation of F24 tokens becomes less and less, which is a deflationary model.
How can I buy F24 token?
We deployed a smart contract bot to sell the F24 token and offer a stepped pricing over time.
Before 01.July.2024, 1 F24 = 1/1500 ETH
Then, before 01.Oct.2024, 1 F24 = 1/500 ETH
Then, before 01.Jan.2025, 1 F24 = 1/450 ETH
Then, before 01.Apr.2025, 1 F24 = 1/400 ETH
Then, before 01.July.2025, 1 F24 = 1/350 ETH
Then, before 01.Oct.2025, 1 F24 = 1/300 ETH
Then, before 01.Jan.2026, 1 F24 = 1/250 ETH
Then, before 01.Apr.2026, 1 F24 = 1/200 ETH
Then, before 01.July.2026, 1 F24 = 1/150 ETH
Finally, after 01.July 2026, 1 F24 = 1/100 ETH
User can access this bot to acquire F24 from two options:
Inside Fiat24 dApp, the left bar has the 'Buy F24' button.
Experienced users can call the
buyfunction inside the smart contract from Arbiscan
Can F24 tokens circulate without restrictions?
All F24 tokens allocated to the users have no transfer restrictions. However, all F24 belonging to the team and early investors will be vesting over 4 years, with 6 months cliff.
Do I need F24 to use Fiat24 services?
No, there aren't any preconditions for our standard users to have F24.
How is F24 circulated?
The maximum supply of F24 is set at 100,000,000 units. It will be distributed as follows:
50% is allocated to the Fiat24 early adopters and community
30% is allocated to the company’s treasury, which will be used to raise funds and sponsor the next incentive plans
20% is allocated to the founding team, company staff and active promoters in the ecosystem
The real-time distribution can be found on https://info.fiat24.com/statistics
How do you distribute F24 to the team and early investors?
In total, 20% of the F24 supply goes to the founding team, employees and our early supporters.
The token in this slot will be vested in 4 years, from 01.July.2022 to 30.June.2026, with 1 year cliff period.
Vesting Start Timestamp: 1656626400 (Fri Jul 01 2022 00:00:00 CET)
Cliff Timestamp: 1688162400 (Sat Jul 01 2023 00:00:00 CET)
Vesting End Timestamp: 1782856799 (Tue Jun 30 2026 23:59:59 CET)
All positions are locked in the smart contract:
https://arbiscan.io/address/0x581740cf10ee964379427f6f499a6ff222ff4dfc
What is the future plan for F24?
We designed F24 to reward early adopters while providing profits for the company.
Assuming all our premium accounts are sold out, 48% of the amount will be burnt. In addition, through the rigid demand of third-party wallet providers, approximately 61.78 million user accounts will be provided.
The entire life cycle of F24 is one-way deflation, because the token is burnt continuously. As Fiat24 becomes more and more popular, the demand for F24 will accelerate, thereby pushing up the market value.
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