You will be able to acquire Faythe (FYE) tokens through an Initial exchange offering with our selected partner.
We want to provide the most satisfying onboarding experience for our adopters and are currently negotiating for the most favorable conditions from the many offers available.
The Initial Exchange Offering is a novel method to crypto-banking that is overhauling the ICOs distribution model, and traders across the world are rejoicing. This new system facilitates a different type of token acquisition where the exchange acts as a middle-man between projects and contributors.
PRE-ICO completed with the sale of 1 million TTP tokens for a total contribution of 1000 ETH. The 1000 TTP per 1 ETH rate in Prime Movers set an expectation for the ICO distribution.
In order to encourage PRE-ICO contributions a 21 FYE bonus was offered to each contributor with a total of 21,000 FYE tokens being available in the plot.
Prime Movers completed as planned will all tokens being allocated in the plot which marked the end of PRE-ICO and the beginning of ICO right after.
ICO completed in just 441 hours with the total amount of 100,628,393 TTP tokens being allocated for a total contribution of 144,079 ETH. 137,741 FYE tokens were claimed as a plot bonus.
The amount raised in ICO also showed an increase in the TTP/ETH rate with the new rate being set at 698 TTP per 1 ETH at the end of ICO.
Streaking periods offer the opportunity of adding value to the tokens. Operating on the Ethereum network does not require token mining as fees are paid in ETH. That provides the right set of circumstances for replacing mining, which requires tech knowledge and is time and resource consuming, with a contribution based distribution.
One of the big concerns of any distribution model is fairness. The Streaking model makes sure that one token allocation is available each 21 hour period, while also making sure that in time that allocation becomes smaller. The distribution model was set in this way in order to make fewer tokens available as demand increases. This is an economic model that aims at an increase in token value for all token holders.