What Is Fungie DAO(FNG)Review ? Complete Guide Review About Fungie DAO

What Is Fungie DAO(FNG)Review ?

Fungie DAO (Decentralized Autonomous Organization) was founded by several individuals from all around the world, in order to create better, safer & more profitable environment in micro-cap DeFi space on Binance Smart Chain. They come from different professional backgrounds such as: blockchain development, design, art, marketing, law and economics.

Fungie DAO(FNG)Storage Key Points

Existing Problems in DeFi

Fungie DAO Decentralized finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains. It also allows anyone to start up a tokenized business or invest in the very beginning of it. But, with lack of regulations in DeFi, anyone with bad intentions is also able to take advantage of those less experienced. Malicious & unfair behavior in crypto space comes in many forms: rug pulls, exit scams, marketing scams, unfair reward systems etc.

Solutions by Fungie DAO

Fair Launchpad

Fungie DAO‘s Fair Launchpad was designed as a direct response to rapid growth of scams plaguing the micro cap token space. Anyone who meets the criteria is able to launch their own token via Fungie DAO’s Fair Launchpad. Creators of the new project enjoy multiple benefits provided by Fungie DAO: budget for initial liquidity, free initial phase marketing, SAFU certificate etc. After project’s initial phase, DAO members vote on the project’s future inside DAO. If DAO decides to continue to support the project, project’s management get additional support through funding in FNG tokens & marketing. Future support of the project will be voted on weekly basis in order to motivate project’s team to continue the good work.

Parent Tokenomics

Fungie DAO The main criteria to launch a project via Fungie DAO is to deploy it’s token through “child smart contracts”. Child smart contracts are designed in a way to continuously increase the value of Fungie DAO’s FNG token. This is achieved with variety of functions such as FNG-BNB LP tax fee and FNG buyback & burn tax fee. Continuous increase in FNG token’s price rewards strong-hand holders, enables funding of positively voted projects & makes Activity Farming much more profitable – without lowering FNG token’s price.

Token’s Total Supply

• ILO Allocations: 50% of Total Supply (50% locked for 1 week)
• Liquidity Pool: 40% of Total Supply
• Development Wallet: 2,5% of Total Supply (0.5% unlocked on launch with 0.5% unlocked every week)
• Creator Wallet: 5% of Total Supply (50% locked for 1 week)
• Fungie Partners: 2,5% of Total Supply (50% locked for 1 week)

Token’s Circulating Supply at Launch

• Liquidity Pool: 58% of Circulating Supply
• ILO Allocations: 36% of Circulating Supply
• Creator Wallets: 3,6% of Circulating Supply
• Fungie Partners: 1,8% of Circulating Supply
• Development Wallet: 0,6% of Circulating Supply

Fungie Partners are one of the categories inside Activity Farming program. In addition to their FNG Token rewards generated through Activity Farming, they are also rewarded in Launched Projects’ Tokens they are working on.

Development Wallet serves as an additional source of funding of the project and is held inside Fungie Treasury. Each week, 1% of Token’s Total Supply is unlocked and is used for further growth of the project. All the billing details must be provided to Fungie DAO members who oversee every transaction of Development Wallet.

Fungie NFT Collection

1) Fungie DAO Founding Team will create unique NFTs with Fungie style artwork for every Launching Project.

2) Every week, 1 Top NFT holder wins 1000 FNG Tokens as a reward.

3) Every Project’s NFT will be minted in 20 copies: 5 of them being distributed as a reward to Top 5 Holders of that Project and 15 of them being sold on a Marketplace.

4) Every Project’s NFT will be sold at starting price of 0.25 BNB per copy.

5) Special Fungie NFTs will be sold at starting price of 0.5 BNB per copy and will play a key role if there comes to a tie between Top NFT holders.

6) Special Fungie NFTs will be minted only in 5 copies.