Fractal Token Launch on Polkastarter
Tags: Web3, Data, Digital Identity, Web3 Foundation, Digital Marketing

2021 is already shaping up to be a landmark year for Fractal, and the announcement of the all-new Fractal Protocol.

We earlier this year successfully completed a $2.2m pre-sale round, with support coming from a myriad of tier-one blockchain protocol founders, smaller and larger VC funds, infrastructure providers and more. We are truly humbled to know that so many influential figures, projects and businesses from such a wide array of industries trust in our plan for the future of the free web as much as we do.

This initial funding helped us to amongst other things build the first MVP version of our protocol — We invite you to discover more about this by reading our Whitepaper.

With a highly dedicated team and prominent figures in the Web3 space advising Fractal such as Bruce Pon, Co-Founder of Ocean Protocol, we have kickstarted our mission to build a new layer that powers the free internet. It was important to us to get support from renowned entrepreneurs in the AdTech industry like Adjust’s (recently acquired by Applovin) former COO Aurel Stenzel as well as Stefan Benndorf, former MD at Applift.

Following successful private raises and to further assist us in the development of this open-source solution for the fair exchange of data and information, we want to announce that we will be conducting a Community Sale of the utility token for the Fractal Protocol, FCL, on the popular sale platform Polkastarter.

Polkastarter sale information

We will be launching the Fractal Community Sale on the Polkastarter platform on Thursday, 25th February 2021. The specific time will be made public in the coming days.

4,000,000 FCL tokens (0.5% of total supply) will be sold in the Community Sale

Sale price will be $0.10 per FCL

The tokens will be split into 2 pools: The POLS pool and the community pool. Those wishing to participate in the POLS pool must hold a minimum of 3000 POLS tokens at the time of the Community Sale. For more information on POLS read this article on Polkastarter

2,000,000 FCL tokens will be reserved for those in the POLS pool

2,000,000 FCL tokens will be reserved for the Standard pool — For more information on how to participate in the Standard pool read this article on Polkastarter

Max cap per person is $800

A total of $400,000 will be raised from the Community Sale

All $400,000 collected via the community sale will be used to add liquidity to the initial DEX listing on Uniswap shortly after the token sale concludes

This upcoming sale will give both the existing Fractal community, Protocol stakeholders (Users, Advertisers, Verifiers, Insurers, and Attesters) and the future bloggers and builders, those that will enable the free web, the opportunity to join us and be part of the Fractal journey.

Presale information

5.3% of tokens were sold in our private sales between Summer 2020 and January 2021. Prices in the early rounds ranged from $0.025 and $0.05 per token with a 6 months lock, followed by 12 months vesting. In the most recent round, the price was $0.10 per token with a 6 month vesting schedule starting with the day of the Uniswap listing.

For further information on our token distribution, please read this article.

The FCL token

The Fractal utility token FCL coordinates and unites all stakeholders around the Fractal Open Advertising Economy. There is no profit, no dividend, no ownership, and no voting rights via the token. We instead intend that the token functions as the Protocol’s native currency, fueling the incentives mechanism embedded in the Protocol.

By design, the FCL token fulfills a number of critical functions that ensure ongoing demand correlated to ecosystem growth. We believe that well-designed token economics is essential to supporting the actual utility of the token.

Please stay tuned for an in-depth look at the FCL token economics, which we will be releasing in the near future.

About Fractal Protocol

Built on Polkadot, Fractal is an open-source zero-margin protocol that defines a basic standard to exchange user information in a fair and open way, ensuring a high-quality version of the free internet. In its first version, it is designed to replace the ad cookie and give users back control over their data.

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Disclaimer

This article does not include elements of any contractual relationship. This article shall not be deemed to constitute a prospectus of any sort or a solicitation for investment or investment advice; nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.

For the avoidance of doubt, please note that the Protocol has not been fully developed. Any statements made about the Protocol are forward-looking statements that merely reflect Fractal’s intention for the functioning of the Protocol. There are known and unknown risks that can cause the results to differ from the forward-looking statements.

Fractal does not intend to express investment, financial, legal, tax, or any other advice and any conclusions drawn from statements in this article or otherwise made by Fractal shall not be deemed to constitute advice in any jurisdiction.

Fractal’s intended purpose of the Tokens is to be used as means of payment for the services that will be offered within the Protocol (the “Services”). The purchase, ownership, receipt or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of Services in accordance with the then applicable terms of use relating to the Services offered within the Protocol. The Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Protocol, Fractal, Service Providers or any of their corporate affiliates, other than any rights relating to the provision and receipt of Services, subject to the applicable terms, conditions or policies that may be adopted by participants in the Protocol.