FST NETWORK || TOKEN MODEL & TOKEN
DISTRIBUTION
Token Model
(Funder Smart Token , FST) What makes FST Network unique is more than its set
of API or smart contracts that can be bundled as outsourcing solutions , the
differentiation is the flexible, easy-to-operate service ecosystem for any
enterprise and outstanding end-user experience. It will have a vital role in
this technology ecosystem, besides being the payment medium for the use of
modules in enterprises, it also drives the fuel cost of services provided
within Tokeneden. Moreover, through Relay Network framework and cross-chain
transactions, in the case where an enterprise node or any third party node is
required to perform verification, FST will be the staking mechanism to preserve
the stability of the ecosystem. Token Utility FST is a designated utility token
that is compatible with Ethereum ERC-20 standard, developed and optimised by
FST Network. FST is designed to operate under a diverse range of scenarios,
with the primary function being the exclusive payment media for using FST
Network module. The FST gives the holder the right to use FST Network services
and also allows the holder to participate in the ecosystem operations.
‣ License Fee In exchange for
licensing to use the APIs and ABI modules provided by FST Network. The license
fee has two different usage scenarios:
1. One-time
consumption in exchange for "consumption voucher" that Blockchain can
be positioned for one-time verification.
2. One-time
consumption in exchange for "repetitive voucher" can be positioned
for repeated verification on Blockchain within the stipulated timeframe.
‣ Gas Fee
The execution
fee required to drive the module, which is valued and charged by FST Service
Gas. (FST Service Gas is obtained by FST top-up)
‣ Stake
As a
qualification for the various nodes in FST Network ecosystem (running software
becomes the node for double-layer mining) and a guarantee for executing the
escrow box modules
Token
Distribution
FST will
maintain the stable development of FST Network with the following form: 30% of
total FST token supply will be released to the market through private
placement, enabled more participants can get the best user-experience of every
optimised projects offer in the FST Network platform. The rest of the tokens
will gradually be released to support the continuous expansion of the entire
ecosystem. 35% will be used as a reward to FST Network participants and attract
more participants, 15% will be retained for further cooperation with large
projects such as smart cities, and the final 20% portion is locked. It will be
released annually to core team members, team advisors and as employee
incentives
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