Tokenomics de Fred (FRED)

The token economics for First Convicted Raccon Fred (FRED), a raccoon-themed memecoin, are primarily defined by its total supply, multi-chain presence, and utility within staking pools.

Issuance Mechanism

The FRED token has a fixed total supply across all networks.

• Total Supply: The total supply of FRED tokens is 808 million across all supported blockchains.
• Multi-Chain Issuance: The token exists natively on the Stellar network as the main FRED Stellar token. It also exists on other networks, primarily through bridging from an initial Ethereum supply.
  • Ethereum (FREDX): 404 million tokens were initially created on Ethereum.
  • Bridged Supply: 100 million tokens from the Ethereum supply were bridged to the Binance Smart Chain (BSC) as bFREDX, and another 100 million tokens were bridged to Polygon as pFREDX.
• Non-Tradeable Token: The project also utilizes a separate, non-tradeable token called FACT on the Stellar network, which is used exclusively for product tracking within the FRED Energy ecosystem.

Allocation Mechanism

Specific details regarding the initial allocation breakdown (e.g., percentage reserved for the team, investors, or community) are not explicitly available. However, the token is distributed across multiple chains, with a significant portion allocated to support interoperability.

• Cross-Chain Interoperability: A core feature of the allocation strategy is the ability for FRED tokens to be swapped 1-to-1 across different networks (Ethereum, BSC, Polygon, and Stellar), emphasizing bridges and blockchain interoperability.

Usage and Incentive Mechanism

The primary utility and incentive mechanism for FRED tokens revolve around staking within decentralized finance (DeFi) pools.

• Staking for Rewards: FRED tokens can be staked in the First Convicted RACCON Pool on platforms like Solbank (on the Solana Blockchain).
• Incentive Rewards: Participants who stake FRED tokens earn rewards in SB (likely a native token of the staking platform, Solbank).
• Weekly ROI: The staking pool offers a Weekly ROI (wROI) of 1.48%.
• Staking Activity: As observed in one instance, the pool had 10 participants with a total of 6,544.8433 FRED staked, representing a Total Value Locked (TVL) of $34.07.
• Fees: The staking pool applies a 2.00% fee for both deposits (in) and withdrawals (out).
• Memecoin Nature: It is important to note that, similar to other meme-driven projects, FRED's rapid traction highlights the speculative, culture-driven aspect of crypto, though its long-term viability may be questionable.

Locking Mechanism and Unlocking Time

Specific, detailed vesting schedules, cliffs, or long-term locking mechanisms for the core FRED token supply (e.g., for team or investors) are not available.

However, the token's participation in staking pools implies a temporary locking mechanism:

• Staking Lock: When FRED tokens are staked in the First Convicted RACCON Pool, they are locked within the pool to earn the weekly ROI. The duration of this lock is not specified, but the ability to deposit and withdraw (subject to the 2.00% fee) suggests a mechanism tied to the staking platform's rules.

Information detailing a formal, multi-year unlocking schedule for the total 808 million FRED supply (such as vesting periods for team or seed investors) was not found.