$FRENS Tokenomics

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1. Token Distribution

1.1 FrensAutomator Allocation (20–25%)

          1.1.1. Ownership Stake

• Represents the strategic equity position of FrensAutomator in the $FRENS ecosystem.
• Demonstrates the FrensAutomator's vested interest in the long-term success of the token.

          1.1.2. Airdrops, Rewards, and Giveaways

• A portion of these tokens will be dedicated to community-building efforts: promotional giveaways, loyalty rewards for long-term holders (airdrops), and incentivization of new users.

          1.1.3. Payments for Services

• Tokens may be used to compensate developers, advisors, marketing experts, and other contributors crucial to the continuous improvement of FrensAutomator and $FRENS.

          1.1.4. Market Purchases

• FrensAutomator has already acquired part of its allocation on the open market and will continue to do so when deemed strategic.
• These purchases help stabilize the token price and indicate the organization’s confidence in $FRENS.

          1.1.5. Vesting/Time-Lock Mechanism

• To assure the community of FrensAutomator’s commitment, at least 50% of its allocated tokens will be subject to a vesting or time-lock schedule. This mechanism prevents sudden sell-offs by FrensAutomator, thereby instilling confidence in the token’s long-term viability. Time-lock schedule will be decided upon soon, as time-lock contract is being worked on.

          1.1.6. Transparent Disbursement Plan

• FrensAutomator will publicly announce prior to spending how its allocation will be spent or distributed over time for the following categories: airdrops, holder rewards, giveaways, and platform development.
• To track $FRENS movements alongside on-chain activity, feel free to review the FrensAutomator $FRENS balance sheet here.

1.2 Public Allocation (75–80%)

The majority of the token supply will be freely traded on the open market, fostering an inclusive environment where community members and Lineans as a whole can buy, sell, or hold at their discretion. Holders will enjoy the following benefits:

          1.2.1 DAO Governance Rights

• In a forthcoming decentralized autonomous organization (DAO), token holders will have voting power over critical decisions affecting $FRENS and FrensAutomator’s broader roadmap.

          1.2.2 Airdrops

• Additional $FRENS tokens may be periodically distributed to holders who meet certain criteria, incentivizing consistent and engaged participation.

          1.2.3 Whitelist (WL) Access

• Active holders may receive priority or guaranteed participation in other communities’ projects and collaborations, leveraging FrensAutomator’s network.

          1.2.4 Premium Bot Access

• Depending on holding tiers, users gain privileged or discounted access to specific FrensAutomator bot features, including advanced automation tools and analytics.

2. Contingent Buyback & Burn (Up to 10%)

          2.1.1 Objective

• This mechanism allows FrensAutomator to buy back and burn up to 10% of the total token supply, contingent upon DAO approval, for the purpose of supporting price stability.

          2.1.2 Activation Criteria

• Pre-determined thresholds, such as market price levels, volatility indexes, or community sentiment, will guide any proposal to invoke a buyback.
• A proposal must pass a DAO vote before buyback activities commence, ensuring a transparent and community-driven process.

          2.1.3 Execution and Impact

• By reducing the circulating supply, a successful buyback and burn can potentially elevate $FRENS’s value and mitigate severe price fluctuations.
• All buyback transactions will be publicly trackable on-chain, further cementing transparency.

3. Governance Structure

          3.1.1 DAO Formation

• Decentralized Decision-Making
  • A DAO will be established to empower $FRENS holders to propose enhancements, strategic partnerships, and operational amendments.
• Voting Power
  • Voting rights will be proportionate to the number of $FRENS tokens held, ensuring that dedicated community members have a commensurate voice in project governance.

4. Transparency and Audits

          4.1.1 Quarterly Audit Schedule

• A quarterly audit of smart contracts, $FRENS holdings, and token distribution activities will be performed, representing all confirmable on-chain activity.
• Audit findings will be published to the community in a clear and accessible format, along with any remediation steps taken.

5. Implementation Roadmap

          5.1.1 Smart Contract Deployment and Audit

• Create the $FRENS time-lock smart contract and preliminary DAO governance modules.
• Conduct the initial audit to verify contract integrity and token distribution mechanics.

          5.1.2 Vesting Launch

• Release the official vesting schedule for FrensAutomator’s allocation.

          5.1.3 DAO Rollout

• Transition governance to the DAO once the community is sufficiently large and engaged.
• Encourage proposals that drive ecosystem growth, such as new partnerships, marketing initiatives, or protocol upgrades.

          5.1.4 Quarterly Audits & Reporting

• Perform and publish audits every quarter.

          5.1.5 Buyback & Burn Mechanism (If Triggered)

• Upon satisfying criteria defined by the DAO and receiving requisite approvals, initiate the buyback and burn process.
• Disclose every transaction publicly, maintaining complete transparency.

6. Conclusion

The above $FRENS Tokenomics framework aims to foster a resilient, community-driven ecosystem that rewards long-term commitment and active participation. By balancing FrensAutomator’s strategic allocation, incentivizing public holders through governance and rewards, and ensuring rigorous quarterly audits, $FRENS is positioned to maintain stability, transparency, and growth over time.

Through the collaborative efforts of FrensAutomator and the broader community, $FRENS seeks to become a leading example of sustainable tokenomics and decentralized governance.