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Favrr Tokenomics
Favrr Tokenomics
  • Abstract
  • Executive Summary
  • Economy Setup
    • Favrr⁠⁢ Token Monetary and Fiscal Policies
    • Favrr⁠⁡ Core Business
    • Pre TGE Phase
    • FAVRR⁠⁢ Token Function
    • FAVEs (ERC 1155 aka Stock NFT) -Intro
    • Permissioless FAVE Launchpad
    • FAVEs - Intrinsic Value
    • FAVEs - Boardroom Challenge
    • Fandom NFTs (Fan Works)
    • Airdrop
    • Payment
    • Platform Transaction Fee
    • Staking
    • Perpetual Reward Pool
    • Penalties for Early Unstaking
    • Token⁤ Burn
    • Governance
    • Scope
  • Liquidity Pool Setup
  • Initial Dex Offering
  • FAVES (NFT Stocks) Sale
  • Permissionless FAVE Launchpad
  • Token Valuation
    • Cashflow Facilitated through the Token
    • Circulation
    • Velocity
    • Token Value
  • Benchmark Token Valuation
    • Price to Fees and Price to Net Revenue
    • Network Value to Transactions
  • Disclaimer
  • Conclusion
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  1. Economy Setup

Pre TGE Phase

Before launching its Favvr token, a pre-token launch version will be made available on the platform for avid fans to explore its various aspects. They can purchase ERC1155 tokens with a special test version of $Favrr (in the form of FAV points) and play in the Favrr world. As people play the available games on Favrr platform, they unlock achievements and rank in the Favrr Leaderboard structure, earning perks, tokens and upgrades.

FAV points on the platform will be distributed at no cost to early adopters as part of an engagement initiative. Users can earn these points by participating in activities such as signing up, completing quizzes, or engaging in clicking games. These include IFO clicking games, where FAVES (stocks) are initially offered, allowing users to acquire them by clicking and paying for each click.

The following achievements and promotional activities will be rewarded. These actions are designed to encourage user interaction, foster community growth, and provide an engaging onboarding experience.:

  • Clicking FAVEs in IFO Matching Games: Earn rewards by actively participating in initial FAVE offering games.

  • Solving Quizzes: Gain rewards for correctly answering platform-related quizzes.

  • Signing Up and Completing Profiles: Receive bonuses for registering and completing your user profile.

  • Referring New Users: Earn rewards for inviting others to join the platform.

  • Daily Participation: Get incentivized for consistent engagement and activity on the platform.

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Last updated 20 days ago