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Fenomy coin emission

Last updated on May 20, 2022 10:02
Posted By Fenomy

We issued a limited number of fenomy coins for use as an internal payment unit.

When the system was launched, 9,800,000 FNM were released and credited to the main account of the system. 2,999,900 FNM were transferred to the Work account (fy00ff4b370b0e44e2385eff00). The amount of FNM for the Work account was calculated from the total project investment in dollars from the start of development to the present, taking into account the initial rate of 0.1 USD per 1 FNM. Thus, only the coins that have already been provided with people’s work and direct monetary investments of project founders are put into free circulation. It was decided that any member of the system can receive funds from the Work account, but not just like that and not in any amount, but in exchange for certain actions that are recognized as valuable in the system. Now such actions include registration in the system (currently 10 FNM), a new member creating the first relation in the first circle (5 FNM), creating the second circle relation by the first circle member (2 FNM), as well as completing tasks of developers in the amount determined by administration based on the value of each task. The rest of the funds were distributed to other system accounts: 2,400,000 FNM - Investment account (fy00ffbf7db598634da11fff00) 2,000,000 FNM - Premium account (fy00ff72be8dc2b0796fbaff00) 2,000,000 FNM - Reserve account (fy00ff5e931c31be0c257cff00) 400,000 FNM - Development Team Account (fy00ff27cb3f67505395a0ff00) These funds can be introduced into circulation only because of strictly defined events.

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Fenomy Team


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