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 Ethereum Arbitrum blockchain, the contract address is:
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.
Users can easily find their F24 balance in their wallet or in the Fiat24 dDApp by clicking their user profile.
There aren't any preconditions for our users to have F24.
The number of F24 tokens owned by the user determines the quota for several of Fiat24's services.
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
We give 35% of the total supply as an airdrop to Fiat24 users. Whenever a Fiat24 user uses our service, F24 tokens will be given to the user's address according to the airdrop rules. All airdrop tokens are transferred from the address:
Airdrop is a marketing approach for us to incentive and reward users for their loyalty to our product. We will regularly give away F24 tokens. For specific times, please refer to our Twitter account or other marketing channels.
For each crypto top-up transaction, we give F24 at a ratio of 1:100 USDC. For example, if the user converts 138 USD equivalent of crypto into fiat money, we give them 1.38 F24.
For each card transaction, we give F24 with different airdrop ratios according to the length of your NFT number.
- 1 : 100 EUR, for 5-digit NFT user
- 2 : 100 EUR, for 4-digit NFT user
- 3 : 100 EUR, for 3-digit NFT user
- 4 : 100 EUR, for 2-digit NFT user
- 5 : 100 EUR, for 1-digit NFT user
We encourage early adopters to actively use our services and allocate F24 tokens as reward points for free. We currently do not sell any F24 tokens to users.
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:
We will introduce a mechanism to cover our future governance model and financial incentives, and aim to share a vision of alignment between various stakeholders within the Fiat24 ecosystem, with the F24 token as a core securing element of this mechanism.
One key design goal of an effective governance model should be to balance various stakeholders’ emphasis on behavioral incentives and their welfare, while prioritizing more recent focus on governance minimization and automation.
The goal of the F24, through its incentives and policies, is to create an inherent governance and incentive system whereby the Fiat24’s growth, sustainability and safety take priority over individual stakeholder objectives.