Free City Tokenomics — Dual Token Model2023-04-23
Free City adopt dual-token model, with FRC as the platform stabilization coin and REC as the platform application token.
Name: Freedom currency
Total Supply: 1,300,000
Network: BNB Chain
Name: Rare earth coins
Total Supply: 10,000,000
Why we choose Dual-Token Model?
One of the main benefits of a dual token model is that it can help to maintain price stability within the ecosystem. By separating the stablecoin (such as FRC in the free city’s ecosystem) from the utility token (such as REC), the ecosystem can ensure that the value of the stablecoin remains relatively stable, while the value of the utility token can fluctuate based on market demand and supply.
The dual token model can also provide a means of incentivizing participation within the ecosystem. For example, the utility token may be used to reward users for performing certain actions, such as contributing to the development of the ecosystem or participating in staking.
The utility token in a dual token model can also be used for governance purposes, giving token holders the ability to vote on important decisions related to the development and management of the ecosystem.
The dual token model can also provide greater flexibility in terms of managing the ecosystem. For example, if the demand for the stablecoin increases, the ecosystem can issue more stablecoins without affecting the value of the utility token.
Finally, the dual token model can provide diversification opportunities for investors. By owning both the stablecoin and the utility token, investors can benefit from both the stability of the stablecoin and the potential upside of the utility token.
How to earn in Free City?
Stake to Earn
Investors are always on the lookout for opportunities to maximize their earnings while minimizing their risk exposure. One such opportunity is staking, which involves holding and locking up cryptocurrencies to earn rewards. In this article, we will explore two staking options that offer attractive returns: staking 50% USDT and 50% FRC, and staking 50% REC and 50% FRC.
Staking 50% USDT and 50% FRC can earn investors 1.2 times revenue, with daily earnings of 8% of the total revenue on the first day and 8% of the remaining revenue on the following day. Similarly, staking 50% REC and 50% FRC can also earn investors 1.2 times revenue, with daily earnings of 8% of the total revenue on the first day and 8% of the remaining revenue on the following day.
However, it is important to note that 65% of the revenue generated from staking can be transferred as direct income, while the remaining 35% can only be used for reinvestment. This means that investors can use the direct income for any purpose they desire, such as trading or withdrawing, but the reinvestment balance can only be used for further staking.
In the event that the revenue balance is insufficient to cover any required payments, investors can choose to consume the reinvestment balance to make up the difference. This ensures that investors are not left in a position where they are unable to meet their financial obligations.
In conclusion, staking 50% USDT and 50% FRC or 50% REC and 50% FRC can be a lucrative option for investors looking for attractive returns. However, investors must be aware of the 65/35 revenue split and ensure that they have enough direct income to meet their financial needs. By following these guidelines, investors can take advantage of the benefits of staking while minimizing their risks.
Burn to Earn
Cryptocurrency investors are always on the lookout for new and profitable ways to earn tokens. One such way is by destroying FRC tokens to earn REC tokens. In this article, we will explore how users can earn REC tokens by destroying FRC tokens.
To begin with, users can destroy FRC tokens to earn REC tokens. The destruction fee is 6%, which means that if a user destroys 138 FRC tokens, they will receive 130 FRC tokens worth of REC tokens after deducting the destruction fee.
The output cycle for REC tokens is 13 days, which means that the user will receive their earnings in increments over 13 days. Each day, the user will receive 10 FRC worth of REC tokens, which can be a significant earning over time.
Furthermore, the number of REC tokens that the user will receive is related to the price of REC tokens at the time of destruction. The more REC tokens are destroyed, the higher the output for the user.
It is important to note that each destruction generates a destruction record, which ensures that the process is transparent and secure. This also allows users to keep track of their earnings and ensure that they are receiving the appropriate amount of REC tokens.
In conclusion, destroying FRC tokens to earn REC tokens is a lucrative opportunity for cryptocurrency investors. By destroying FRC tokens, users can earn REC tokens with a 13-day output cycle and receive daily earnings. Additionally, the destruction fee is transparent and ensures that the process is secure. By taking advantage of this opportunity, users can maximize their earnings and grow their cryptocurrency holdings.
Free City is a virtual city that is governed by web3 blockchain technology. It is a comprehensive DeFi application integrating GameFi, NFT, and Metaverse.