$FFA Token Overview
The $FFA (Film Fund Access) token is a utility token that serves as the core medium of exchange within the FilmFund.io ecosystem. It facilitates project funding, access to exclusive platform features, and participation in the allocation of film-specific security tokens. The $FFA token ensures that investors and community members are actively engaged in the success of listed projects, while also providing a seamless transition between utility and security tokens as films progress through the funding and production stages.
Purpose and Utility of $FFA within FilmFund.io:
Medium of Exchange: $FFA is used to conduct transactions within the platform, including staking for project allocations, purchasing exclusive content, and participating in governance decisions.
Allocation Access: $FFA tokens are staked to secure allocation rights in security token offerings (STOs) for each film. This staking mechanism provides a fair and transparent way for investors to express interest in specific projects.
Platform Function: $FFA tokens enable users to access platform features such as early project previews, voting on featured films, and earning rewards for community engagement.
Deflationary Mechanism: A portion of $FFA tokens used for staking is burned upon conversion to film-specific security tokens, reducing the total supply and creating a deflationary effect that enhances the value of the remaining tokens.
Token Allocation and Distribution Plan:
The total supply of $FFA tokens will be capped at 500,000,000 FFA. The distribution is structured to support the platform’s growth, incentivize early participants, and ensure long-term sustainability:
Founders & Team: 15% (75,000,000 FFA) — Locked with a 12-month cliff and a 24-month linear vesting schedule.
Advisors & Partnerships: 5% (25,000,000 FFA) — 6-month cliff and 18-month linear vesting.
Private Sale: 15% (75,000,000 FFA) — Sold at a discounted rate to strategic investors, with a 6-month lockup and 12-month vesting.
Public Sale (ICO): 30% (150,000,000 FFA) — Distributed to public investors through the ICO.
Ecosystem Development: 20% (100,000,000 FFA) — For platform development, community incentives, and marketing.
Staking and Liquidity Rewards: 10% (50,000,000 FFA) — Reserved for rewarding participants who stake their tokens in film projects.
Use of Proceeds from the ICO:
Proceeds from the ICO will be used to establish a strong foundation for FilmFund.io and ensure that the platform scales effectively:
Platform Development (40%): Smart contract development, UI/UX design, and integration of third-party tools such as Digishares.
Marketing and Community Building (30%): Promoting the platform, growing the community, and onboarding strategic partners.
Legal and Compliance (15%): Setting up a robust legal framework to ensure compliance across jurisdictions.
Operational Costs (10%): Day-to-day operational expenses, including staffing and partnerships.
Contingency Reserve (5%): Reserved for unforeseen expenses and strategic opportunities.
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