Tokenomics
Official FLK Tokenomics
Overview
FLK is the utility token of the Fleek platform, an AI-powered Fantasy Social app where users create and interact with AI-generated or AI-enhanced content and creator tokens. This document outlines the token's economic structure, distribution, and utility within the Fleek ecosystem.
Token Specifications
Token Name: Fleek
Token Symbol: FLK
Token Type: ERC-20 (Base)
Blockchain: Base (Ethereum Layer 2)
Maximum Supply: 100,000,000 FLK (fixed)
Initial Circulating Supply: 28,000,000 FLK (28% of total supply)
Token Supply, Distribution & Unlock Schedule
The 100 million FLK tokens are allocated as follows:
Team: 20% (20,000,000 FLK)
Vesting Schedule: 3-year linear vesting with 1-year cliff
Backers: 20% (20,000,000 FLK)
Vesting Schedule: 3-year linear vesting with 1-year cliff
Community: 60% (60,000,000 FLK)
The community allocation is divided into four categories:
1. Ecosystem Treasury & Staking Rewards: 20% (20,000,000 FLK)
Unlock Schedule: 20% unlocked at TGE, 80% vests linearly over 2 years
2. CoinList & Liquidity: 20% (20,000,000 FLK)
Unlock Schedule: 100% unlocked at TGE
3. Foundation: 10% (10,000,000 FLK)
Unlock Schedule: 20% unlocked at TGE, 80% vests linearly over 1 year
4. Incentives & Airdrop: 10% (10,000,000 FLK)
Unlock Schedule: 20% unlocked at TGE, 80% vests linearly over 1 year
Token Functionalities
As the utility token of the Fleek platform, FLK powers the Fleek ecosystem through two core functions:
1. Payment Function
FLK is required to purchase Creator Token that are created for each Fleek account.
Creator Token Economy
Every Fleek account automatically has an associated creator token
FLK serves as the exclusive base pair for all creator tokens on the platform. While the creator tokens’ value does not derive from FLK, creator tokens can only be purchased on the platform using FLK.
Creator token bonding curves and liquidity pools hold FLK
As the platform and creator tokens grow, more FLK becomes locked in these pools
Note: Creators do not need FLK to launch their tokens. Users and fans use FLK to purchase creator tokens.
2. Access Enhanced Platform Experience
The Token can be staked by platform users to unlock exclusive features and benefits, such as:
○ Enhanced visibility on explore page
○ Increased feed presence
Note: The above examples of additional features and benefits that can be unlocked through staking is indicative. These features are still under development and will be made accessible at a later stage.
Sustainable Fee Structure
Part of the fee incorporating FLK is allocated to the treasury for continued incentivization and sustain long-term engagement on the platform. However, there is no guarantee or commitment that this mechanism and amount as described below will operate continuously or as initially described.
1. Creator Token Trading Fees
Each account on Fleek comes with a token (creator tokens). Creator token trades incur a 2% fee, distributed as follows (subject to change as we collect more usage & cost data):
1.0%: Of every trade goes to covering AI gen costs (allows us to keep the app free)
0.5%: Of every trade goes to the creator
0.2%: Of every trade goes to buying the creator’s token
0.2%: Of every trade goes to FLK treasury
0.1%: Of every trade goes to covering gas costs (allows us to provide a better app UX)
2. Creator & Post Tipping (Super Likes)
Tips are distributed as:
60%: Of every tip goes to the creator
20%: Of every tip goes to buying the creator's token
10%: Of every tip goes to Fleek
10%: Of every tip goes to FLK treasury
3. Additional Future Revenue Streams
A portion of all future revenue streams will also include FLK buy back mechanisms:
Premium content gating (similar to exclusive content models like OnlyFans)
AI powered fan interactions and experiences (chat, voice & video calls, etc.)
Enhanced generation & content quality
Sponsored posts and brand partnerships
Token Economic Mechanics
Supply and Demand Dynamics
Demand Drivers:
Required for all creator token purchases
Exclusive features and benefits
Tipping and social interactions
Supply Constraints:
Fixed maximum supply of 100 million FLK
Multi-year vesting schedules for team and investor allocations
FLK connected but not value-dependent with creator token bonding curves and liquidity pools
FLK tied up for staking to access enhanced platform’s experience
Additional Information
Tokenomics information serves to help understand the fundamental characteristics of the FLK token, including supply dynamics, distribution mechanisms, and utility within the ecosystem.
This document focuses exclusively on FLK tokenomics. A separate document detailing creator token economics will be published separately.
Disclaimer
This document describes the intended tokenomics of FLK. Features and implementations may evolve based on platform development, regulatory requirements, and product usage data.. No guarantee is given regarding their continuity, availability, or future performance.Token holders should conduct their own research and understand the risks associated with cryptocurrency tokens.
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