Token Allocation2024-03-13T15:56:32-04:00

Token Allocation

Total Supply: 10,000,000,000 FOODIE

Allocation:

  • Founders: 1,000,000,000 FOODIE (10%)
  • Developers: 2,000,000,000 FOODIE (20%)
  • Marketing: 1,000,000,000 FOODIE (10%)
  • Administration: 500,000,000 FOODIE (5%)
  • Community Enticement: 500,000,000 FOODIE (5%)
  • Immediate Trading: 5,000,000,000 FOODIE (50%)

Founders: The founders of FOODIE will hold 1,000,000,000 tokens (10% of the total supply) as an incentive for creating and launching the project. This allocation will be vested over a period of time to ensure the founders have a long-term interest in the success of the project.

Developers: The development team will receive 2,000,000,000 tokens (20% of the total supply) as a reward for building and maintaining the platform. This allocation will be vested over a period of time to ensure the developers continue to work on improving the project.

Marketing: The marketing team will receive 1,000,000,000 tokens (10% of the total supply) to promote the project and attract new users to the platform.

Administration: The administration team will receive 500,000,000 tokens (5% of the total supply) to cover the costs of running the project, including legal and accounting fees.

Community Enticement: The community enticement pool will hold 500,000,000 tokens (5% of the total supply) to incentivize users to participate in the platform, such as by posting food reviews or engaging with other users. These tokens could be distributed as rewards or used for other community-building activities.

Immediate Trading: 5,000,000,000 tokens (50% of the total supply) will be available for immediate trading on the Algorand blockchain. This will allow users to buy and sell FOODIE tokens on exchanges and participate in the market activity.

Note that the Foodie Coin (FOODIE) is an Algorand Standard Asset (ASA) with a symbol of FOODIE, and its ID is 465984936 on the Algorand Explorer.

The token is verified ASA asset on both the Allo, Algorand Blockchain Explorer, and Pera Explorer as well as the Pera Wallet, the easiest and safest way to store, buy

and swap on the Algorand blockchain.

Click on this the Allo Explorer link for information on Foodie Coin’s Overview, Holders and Transactions.

Users can purchase FOODIE coins on Tinyman, a decentralized trading protocol.

Link here: https://app.tinyman.org/#/swap?asset_in=0&asset_out=465984936

However, please be aware that the token is currently in its early stages and may not be worth a significant amount at this time.

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