FSI COIN

  • FSI COIN IS NOT YET RELEASED AND IS A WORK IN PROGRESS
  • Max Supply: 5,000,000
  • Tokens cannot be created after the initial mint as documented and verifiable inside the token policy defined in the blockchain.
  • Send your FSI tokens to a specific FSI wallet address to burn FSI tokens and swap the FSI tokens for equivalent value from the ₳ pot.
  • Initial Pot: 1,000 ₳
  • Initial Price: [Max Supply]/[Initial Pot] = 5,000,000 FSI / 1,000 ₳ = 5,000 FSI / ₳
  • Every epoch FSI will add 25% of ₳ interest generated by owner pledge to the ₳ pot.
  • Tokens can only be earned by wallets delgated to the FSI stake pool, based on total stake.
  • The FSI token will never be listed on any exchanges.
  • The amount of ₳ earned when burning FSI tokens is defined by the following equation:
    Where C = FSI Circulating Supply at time of burn;
    Where P = ₳ Pot at time of burn;
    Where B = FSI token burn count at time of burn;
    Where A = ₳ earned;
    Find A;
    C/P = (C-B)/(P-A)multiply both sides by (P-A)
    (P-A)*C/P = C-Bmultiply both sides by (P/C)
    (P-A) = (P/C)*(C-B)add A to both sides
    P = (P/C)*(C-B) + Asubtract (P/C)*(C-B) from both sides
    P - (P/C)*(C-B) = Aswap sides
    A = P - (P/C)*(C-B)round down to nearest lovelace (0.000001 ₳)

    Note: When tokens are burned, the price per FSI token remains greater than or equal to the price prior to burn. This guarantees price stability.
    As FSI tokens are burned and ₳ is added to the pot, the price of FSI tokens can only increase.
    The ₳ pot amount increases as total FSI pool stake increases.
    The longer you hold your FSI tokens, the larger your reward will be.
  • Earn FSI Coin for every 1000 ₳ staked in our stake pool for each epoch where at least one block is minted, according to the table below:

    REWARD
    RATE
    UNTIL
    EPOCH
    1 FSI Coin per 1,000 ₳ Staked @ Mint320
    1 FSI Coin per 2,000 ₳ Staked @ Mint 326
    1 FSI Coin per 3,000 ₳ Staked @ Mint 332
    1 FSI Coin per 4,000 ₳ Staked @ Mint 338
    1 FSI Coin per 5,000 ₳ Staked @ Mint while FSI tokens last