Tokenomics

Last Updated: 6th November

$FISH is a ERC20C token. A vast majority of tokens is allocated to the community, with a small allocation for the team and advisors to ensure they are also incentivised to contribute to the project.

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ERC20-C

$FISH is an ERC20-C token that will have spend-only and tradable versions. $xFISH will primarily be used to attract and retain players.

Token	$FISH	$xFISH
Purpose	Tradable token for onchain loyalty	Spend-only currency for rewards
Type	ERC-20C	ERC-20C
Max Supply	Max 1 billion across both $FISH can be converted 1:1 for $xFISH by Foundation for rewards	$xFISH can be converted to $FISH by players with a tax
Spendable	Yes	Yes
Tradable	Yes	No
Utility	Stake for rewards Spend in game	Spend in game
Chain	Ronin	Ronin

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Allocation

A vast majority of tokens have been allocated to the community and growth.

$FISH will pioneer a FDV based unlock model. 50% of initial community airdrop and 100% of the team allocation will only be unlocked if the token grows in price, to fully align incentives in growing the ecosystem

Tokenomics	%	Vesting
Airdrop	25%	50% unlocked, 50% based on FDV milestones
Community & Growth	40%	10% unlocked, 2 year vesting
Liquidity	10%	Unlocked
Treasury	10%	10% unlocked, 2 year vesting
Advisors	2.5%	10% unlocked, 2 year vesting
Team	12.5%	Unlock conditional on FDV milestones

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FDV Milestones

In order to align incentives with contributors, 50% of the initial community airdrop and 100% of team allocation will unlock based on FDV milestones.

Users must stake 50% of their claimable airdrop (e.g. 25% of total airdrop) to be eligible for FDV milestone unlocks. Ineligible allocations will be returned to the community treasury.

How it works:

• Once $FISH trades above a FDV milestone for 7 days (on average), a snapshot will be taken of all users who staked 50% or more of their initial airdrop

• These users will be eligible for receiving the tokens that are tied to FDV milestones

• Tokens will be airdropped directly to wallets with no actions required by users

FDV Milestone	% of Community Airdrop Unlocked
At TGE	50%
$5m	10%
$10m	10%
$15m	10%
$20m	10%
$25m	10%

Team allocation will unlock at the following milestones:

• 25% at $25m FDV

• 25% at $50m FDV

• 25% at $100m FDV

• 25% at $200m FDV

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Unlock Schedule

Token will launch with 27.5% circulating supply. Up to 75% of the token will be unlocked over 24 months, with the remaining 25% unlocked based on FDV.

Note: Chart assumes that the FDV based milestones unlock linearly for ease of visualisation.

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Airdrop Breakdown

$FISH will be initially airdropped to early contributors of Fishing Frenzy and Uncharted.

The airdrop allocations have been designed to maximise rewards for real contributors. To do this, the airdrop allocations include both incentivized behaviours (e.g. frenzy points, horizon pts, emblems, ignition score) as well as non-incentivized criteria (e.g. spend, Discord, past game holdings)

Airdrop claims and allocation checkers will go live a few days before trading is enabled, so will be no rush to claim. Follow our X for official announcements.

Airdrop Allocation	%	Description
Emblems	3.00%	Eligible participants in Season 0
Frenzy Pts	4.00%	Eligible participants in Season 1: Uncharted Waters
Horizon Pts	4.20%	Eligible participants in Season 2: New Horizons
Lucky Chests	0.30%	Eligible participants in Season 2: New Horizons
Ignition Score	2.00%	Eligible participants in Ignition Phase
Founder Pass	5.00%	Owners of Fishing Frenzy Founders Pass NFT (excl. treasury)
Additional Contributions	6.50%	Eligible for contributors including: Game & Marketplace Spend (Majority) Discord contributions Creator & content contributions Out of season game activity Past Uncharted holders and gamers (BTB, GA)
Total	25.00%

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