Token Information

Title	Content
Symbol(Ticker)	FANC
Network	Ethereum(ERC-20)
Contract	0xbb126042235e6bd38b17744cb31a8bf4a206c045
Total Supply	2,000,000,000

💡 Allocation of FANC

Allocation	Ratio
Ecosystem	25.17 %
Marketing Liquidity	25.17 %
Reserve	6.15 %
Content Production	13.51 %
Team & Advisor	7.50 %
Token Sale	2.71 %
Short form Reserve	12.29 %
Alliance	7.50 %

On June 19, 2024, FANC burned 1,000,000,000 FANC, or 1/3 of its total supply, to increase the value of the token and increase its scarcity, thereby increasing the value for holders. This burn is intended to promote the growth of the FANC ecosystem, and to make it more stable and sustainable. The original total supply was 3,000,000,000 FANC, and this burn reduces the supply by 1,000,000,000 FANC, resulting in the above changes to the supply and allocation.

Links to disclosures: https://medium.com/@fanc/token-burn-and-distribution-plan-announcement-37497b779d23

🟣 Allocation Details

1. FANC was unlocked according to the allocation schedule below from TGE (2022.7.19) until the token burn on 2024.6.19.

1) Ecosystem : 900,000,000FANC / 6-month initial lock-up, then 0.5% unlock per month

2) Marketing Liquidity : 900,000,000FANC / 0.5% unlock per month

3) Token Sale : 54,114,290FANC / categorized by sale type

-Seed A : 37,500,000FANC / 50% unlocked at listing, then 10% unlocked per month

-Seed B : 5,380,000FANC / 10% unlocked at listing, then 6-month lock-up, then 7.5% unlocked per month

-Private A : 6,000,000FANC / 1-month lock-up after listing, then 50% unlocked, and the remaining 50% unlocked over 9 months (20% after 3 months, 15% after 6 months, 15% after 9 months)

-Private B : 5,234,290FANC / 1-month lock-up after contract, then 20% unlocked, followed by 30% after 3 months and 50% after 6 months

4) Short form Reserve : 245,885,710FANC / [Disclosure dated 2023. 8. 31.] 12.5% unlocked per month for a total of 8 months after the disclosure

5) Content Production : 300,000,000FANC / scheduled to be distributed to users as rewards for Watch-to-Earn activities

6) Reserve : 300,000,000FANC / 12-month lock-up, then 1% unlock per month

7) Alliance : 150,000,000FANC / 4-month initial lock-up, then 2.273% unlock per month over 44 months. Supports partners and creator ecosystem

8) Team & Advisor : 150,000,000FANC / 12-month lock-up, then unlock over 36 months (2.778% released per month)

※ Total: 3,000,000,000FANC

1. Following the burn of 1,000,000,000 tokens out of the total 3,000,000,000 FANC supply on 2024.6.19, the unvested allocations were adjusted as follows and are being unlocked accordingly.

1) Ecosystem : 900,000,000FANC → 503,432,280FANC

*From TGE (2022-07-19), 4,500,000 FANC was unlocked per month until TGE+22M. After 396,567,720 FANC was burned out of the 900,000,000 FANC allocation, the allocation was adjusted to 503,432,280 FANC, and it is being completed through staged unlocks from TGE+23M to TGE+52M.

-Stage 1 : TGE+23M ~ TGE+28M / 17,600,000FANC per month

-Stage 2 : TGE+29M ~ TGE+35M / 15,500,000FANC per month

-Stage 3 : TGE+36M ~ TGE+40M / 13,500,000FANC per month

-Stage 4 : TGE+41M ~ TGE+47M / 12,500,000FANC per month

-Stage 5 : TGE+48M / 11,832,280FANC per month

-Stage 6 : TGE+49M ~ TGE+52M / 11,500,000FANC per month

*Unlocked amount from TGE to TGE+22M : 76,500,000FANC

*Unlocked amount from TGE+23M to TGE+52M : 426,932,280FANC

2) Marketing Liquidity : 900,000,000FANC → 503,432,281FANC

*From TGE (2022-07-19), 4,500,000 FANC was unlocked per month until TGE+22M. After 396,567,719 FANC was burned out of the 900,000,000 FANC allocation, the allocation was adjusted to 503,432,281 FANC, and it is being completed through staged unlocks from TGE+23M to TGE+52M.

-Stage 1 : TGE+23M ~ TGE+28M / 16,300,000FANC per month

-Stage 2 : TGE+29M ~ TGE+35M / 13,500,000 FANC per month

-Stage 3 : TGE+36M ~ TGE+40M / 12,500,000 FANC per month

-Stage 4 : TGE+41M ~ TGE+47M / 11,632,281 FANC per month

-Stage 5 : TGE+48M / 11,500,000 FANC per month

-Stage 6 : TGE+49M ~ TGE+52M / 10,500,000 FANC per month

*Unlocked amount from TGE to TGE+22M : 103,500,000FANC

*Unlocked amount from TGE+23M to TGE+52M : 399,932,281FANC

3) Token Sale 54,114,290FANC → No change

4) Short form Reserve : 245,885,710FANC → No change

5) Content Production : 300,000,000FANC → 270,135,439FANC

*From TGE (2022-07-19), the same unlock flow continued before and after the burn, with monthly amounts adjusted in a stage-based incremental unlock structure.

-Stage 1 : TGE+23M ~ TGE+28M: 6,666,667 FANC ~ 7,083,333 FANC

-Stage 2 : TGE+29M ~ TGE+37M: 7,166,667 FANC ~ 7,500,000 FANC

-Stage 3 : TGE+38M ~ TGE+41M: 7,500,000 FANC fixed

-Stage 4 : TGE+42M ~ TGE+52M: 7,575,000 FANC ~ 8,367,513 FANC

*Unlocked amount from TGE to TGE+22M : 45,083,333FANC

*Unlocked amount from TGE+23M to TGE+52M : 225,052,106FANC

6) Reserve : 300,000,000FANC → 123,000,000FANC

*From TGE (2022-07-19), after a 12-month lock-up, 1% was unlocked per month (3,000,000 FANC) from TGE+12M, and there were no changes before and after the burn.

7) Alliance : 150,000,000FANC → No change

8) Team & Advisor : 150,000,000FANC → No change

※ Total : 3,000,000,000FANC → 2,000,000,000FANC

Burn details

Ecosystem

• Token Burn TXID 1: https://etherscan.io/tx/0x6a496639ee1bd265d794e3135194631ef0b606b6628f625f336d641140438439

• Token Burn TXID 2: https://etherscan.io/tx/0x5d5aaf3e0ffed7858cbf7c5b62eaf4df8a552da0b14a0aae68c5a06f1de0a961

• Burn Amount: 396,567,720 FANC

Marketing Liquidity

• Token Burn TXID: https://etherscan.io/tx/0x9dc68c88fd6037faf736f39a4ffbdf3f498c40d1f33846e55d87924ee4ac3a52

• Burn Amount: 396,567,719 FANC

Reserve

• Token Burn TXID: https://etherscan.io/tx/0x1edde9432c07cb9151b0b0bac28cc48f7c588621b207e5cb91826143159fb37b

• Burn Amount: 177,000,000 FANC

Content Production

• Token Burn TXID: https://etherscan.io/tx/0x35435df7e9f1a9fe8d1d9690b1fac1ff6c38dbda6ab0f40c3fb568206effefb5

• Burn Amount: 29,864,561 FANC