Hello Fid community
Hope we’re all having a good day, we want to thank everyone that has stuck with us and supported fidnetwork right from the beginning, we appreciate you all.
However, this past week has not been encouraging, as you already know fid token presale did not go as planned, part of this we will say is our fault as there was no proper calculation for the presale and we used the wrong way of marketing our project.
But this time around, things are going to be different, these past few days has helped us to make some good research to see how we can best serve our community and have a successful launch and continue in the building of our community and network.
First thing we’re making changes to is our project tokenomics. Our miscalculation affected our token distribution, making it difficult for users and platforms we’re trying to work with to understand.
Below is our new project tokenomics and this will be added to our new white paper coming in July, date will be announced.
Tokenomics
Name = Fid tolen
Ticker = FID
Decimal = 9
Total supply = 20,000,000
Circulating supply = 10,000,000
Presale and liquidity = 4,500,000
Team and partners = 1,000,000
Marketing = 500,000
Products tokens = 2,000,000
Supporters and private investors = 200,000
All left over tokens will be burnt from our circulating supply.
From the new tokenomics, you can see that team tokens has been reduced from 10% to 5% and this will be locked for 2 years. Also, our circulating supply has been reduced from 18 million to 10 million.
The staking feature will be removed from our token utilities, this is to protect the stability and price growth of our token in the long run.
All new changes will take effect once we deploy the new Fid token contract in the coming days and once our new token is deployed, a new date for our presale will be announced to the community.
For the marketing aspect of Fid network, we plan on using promoting sites like:
1 Poolcoin ads
2 Coinsniper ads
3 Bsc news
4 Reddit post
5 Twitter influencers
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This marketing will cost a lot of money to carry out, so we’re calling on our community to support our marketing funds to bring this project to the spot light, if you would like to support please visit our website with the link below to make your contribution.
We have also seen that our telegram community has been very silent recently and to help change that, we will be releasing one of our products closer than the actual date on our road map.
FID GALLERY
An NFT marketplace built on BSC, so everyone can post their arts and designs and also have a lot to talk about, to keep our community busy and alive........The team is currently working day and night to see that this product is release as soon as possible to our community.
Beta testing and release date will be announced to our community once fid gallery is ready.
For more clarification, we encourage you to join our coteam teammmunity and ask your questions and we will be happy to answer them to the best of our ability.
Website: https://fidnetwork.net
Telegram: https://t.me/fidnetwork
Twitter: https://twitter.com/fidnetwork_
