The release of Fjord’s native $FJO token, marks a significant milestone more than two and a half years after the initial Liquidity Bootstrapping Pool (LBP) was conducted on the platform formerly known as Copper Launch. The journey to this point has included raising over $920 million in funds, supporting more than 600 projects and achieving over $1.4 billion in trading volume, all without offering token incentives.
$FJO Token Launch
The launch will occur through a Liquidity Bootstrapping Pool. Details of the Fjord LBP include:
- LBP Schedule: From April 16 at 3 PM UTC to April 18 at 3 PM UTC.
- Tokens Distributed: 7,500,000 (7.5% of total supply).
- Initial Allocation: 99% $FJO / 1% WETH.
- Final Allocation: 10% $FJO / 90% WETH.
Following the LBP, the Token Generation Event will take place. The Fjord team will then create a liquidity pool on the Ethereum Mainnet through Uniswap with a portion of the proceeds from the LBP. All tokens will be immediately accessible to LBP purchasers at the time of TGE.
Token Utility:
The $FJO token is designed to foster open access to innovative ideas without gating sales through token holding. Value to token holders is anticipated to come from fee generation, with over $7.5 million in revenue already generated by the platform's version 2 since its launch. The platform plans to buy back and burn $FJO tokens using profits, alongside introducing staking mechanisms for holders.
$FJO Tokenomics
- Concave Community: Following Concave's acquisition of Fjord, Concave token holders are entitled to 20% of the $FJO supply, proportionate to their holdings of CNV tokens.
- Former Contributors: In accordance with the acquisition agreement, 5% of the $FJO supply is allocated to previous team members.
- Fjord LBP: Central to the strategy of Protocol Owned Liquidity and further product development funding, at least 20% of the funds from the LBP will be matched with the token for the TGE.
- Balancer DAO: Acknowledging the inventors of the Liquidity Bootstrapping Pool technology, Fjord has renewed its partnership with Balancer, allocating 1.5% of the $FJO supply to the Balancer DAO multisig wallet, with an 18-month vesting period.
- Seed Round: Fjord completed a seed funding round, raising approximately $2.8 million at a Fully Diluted Valuation of $20 million, with an additional round extension raising about $1.5 million at $24 million FDV. 10% of these tokens will be available at TGE and will vest over 18 months.
- Treasury Shelf: Around 16% of the supply is reserved for various uses, primarily including Central Exchange listings, market making and strategic fundraising efforts.
- Ecosystem Development: To foster growth within the ecosystem, 9% of the supply is reserved for marketing, partnerships and operations that align with the protocol’s long-term development strategy.
$FJO Airdrop
The airdrop aims to reward early users and those who participated in the beta version of V2, with 4% of the total supply allocated and vested over three months. Criteria for receiving the airdrop include participation levels in LBPs and trading volumes.
Upcoming Product Developments
The roadmap includes expanding to more EVM chains, integrating $FJO tokens with LayerZero’s 0FT for cross-chain swaps and introducing new LBP features such as zero-collateral options and anti-snipe mechanisms. The platform plans to engage the community through competitions, giveaways and educational initiatives.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
The release of Fjord’s native $FJO token, marks a significant milestone more than two and a half years after the initial Liquidity Bootstrapping Pool (LBP) was conducted on the platform formerly known as Copper Launch. The journey to this point has included raising over $920 million in funds, supporting more than 600 projects and achieving over $1.4 billion in trading volume, all without offering token incentives.
$FJO Token Launch
The launch will occur through a Liquidity Bootstrapping Pool. Details of the Fjord LBP include:
- LBP Schedule: From April 16 at 3 PM UTC to April 18 at 3 PM UTC.
- Tokens Distributed: 7,500,000 (7.5% of total supply).
- Initial Allocation: 99% $FJO / 1% WETH.
- Final Allocation: 10% $FJO / 90% WETH.
Following the LBP, the Token Generation Event will take place. The Fjord team will then create a liquidity pool on the Ethereum Mainnet through Uniswap with a portion of the proceeds from the LBP. All tokens will be immediately accessible to LBP purchasers at the time of TGE.
Token Utility:
The $FJO token is designed to foster open access to innovative ideas without gating sales through token holding. Value to token holders is anticipated to come from fee generation, with over $7.5 million in revenue already generated by the platform's version 2 since its launch. The platform plans to buy back and burn $FJO tokens using profits, alongside introducing staking mechanisms for holders.
$FJO Tokenomics
- Concave Community: Following Concave's acquisition of Fjord, Concave token holders are entitled to 20% of the $FJO supply, proportionate to their holdings of CNV tokens.
- Former Contributors: In accordance with the acquisition agreement, 5% of the $FJO supply is allocated to previous team members.
- Fjord LBP: Central to the strategy of Protocol Owned Liquidity and further product development funding, at least 20% of the funds from the LBP will be matched with the token for the TGE.
- Balancer DAO: Acknowledging the inventors of the Liquidity Bootstrapping Pool technology, Fjord has renewed its partnership with Balancer, allocating 1.5% of the $FJO supply to the Balancer DAO multisig wallet, with an 18-month vesting period.
- Seed Round: Fjord completed a seed funding round, raising approximately $2.8 million at a Fully Diluted Valuation of $20 million, with an additional round extension raising about $1.5 million at $24 million FDV. 10% of these tokens will be available at TGE and will vest over 18 months.
- Treasury Shelf: Around 16% of the supply is reserved for various uses, primarily including Central Exchange listings, market making and strategic fundraising efforts.
- Ecosystem Development: To foster growth within the ecosystem, 9% of the supply is reserved for marketing, partnerships and operations that align with the protocol’s long-term development strategy.
$FJO Airdrop
The airdrop aims to reward early users and those who participated in the beta version of V2, with 4% of the total supply allocated and vested over three months. Criteria for receiving the airdrop include participation levels in LBPs and trading volumes.
Upcoming Product Developments
The roadmap includes expanding to more EVM chains, integrating $FJO tokens with LayerZero’s 0FT for cross-chain swaps and introducing new LBP features such as zero-collateral options and anti-snipe mechanisms. The platform plans to engage the community through competitions, giveaways and educational initiatives.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
The release of Fjord’s native $FJO token, marks a significant milestone more than two and a half years after the initial Liquidity Bootstrapping Pool (LBP) was conducted on the platform formerly known as Copper Launch. The journey to this point has included raising over $920 million in funds, supporting more than 600 projects and achieving over $1.4 billion in trading volume, all without offering token incentives.
$FJO Token Launch
The launch will occur through a Liquidity Bootstrapping Pool. Details of the Fjord LBP include:
- LBP Schedule: From April 16 at 3 PM UTC to April 18 at 3 PM UTC.
- Tokens Distributed: 7,500,000 (7.5% of total supply).
- Initial Allocation: 99% $FJO / 1% WETH.
- Final Allocation: 10% $FJO / 90% WETH.
Following the LBP, the Token Generation Event will take place. The Fjord team will then create a liquidity pool on the Ethereum Mainnet through Uniswap with a portion of the proceeds from the LBP. All tokens will be immediately accessible to LBP purchasers at the time of TGE.
Token Utility:
The $FJO token is designed to foster open access to innovative ideas without gating sales through token holding. Value to token holders is anticipated to come from fee generation, with over $7.5 million in revenue already generated by the platform's version 2 since its launch. The platform plans to buy back and burn $FJO tokens using profits, alongside introducing staking mechanisms for holders.
$FJO Tokenomics
- Concave Community: Following Concave's acquisition of Fjord, Concave token holders are entitled to 20% of the $FJO supply, proportionate to their holdings of CNV tokens.
- Former Contributors: In accordance with the acquisition agreement, 5% of the $FJO supply is allocated to previous team members.
- Fjord LBP: Central to the strategy of Protocol Owned Liquidity and further product development funding, at least 20% of the funds from the LBP will be matched with the token for the TGE.
- Balancer DAO: Acknowledging the inventors of the Liquidity Bootstrapping Pool technology, Fjord has renewed its partnership with Balancer, allocating 1.5% of the $FJO supply to the Balancer DAO multisig wallet, with an 18-month vesting period.
- Seed Round: Fjord completed a seed funding round, raising approximately $2.8 million at a Fully Diluted Valuation of $20 million, with an additional round extension raising about $1.5 million at $24 million FDV. 10% of these tokens will be available at TGE and will vest over 18 months.
- Treasury Shelf: Around 16% of the supply is reserved for various uses, primarily including Central Exchange listings, market making and strategic fundraising efforts.
- Ecosystem Development: To foster growth within the ecosystem, 9% of the supply is reserved for marketing, partnerships and operations that align with the protocol’s long-term development strategy.
$FJO Airdrop
The airdrop aims to reward early users and those who participated in the beta version of V2, with 4% of the total supply allocated and vested over three months. Criteria for receiving the airdrop include participation levels in LBPs and trading volumes.
Upcoming Product Developments
The roadmap includes expanding to more EVM chains, integrating $FJO tokens with LayerZero’s 0FT for cross-chain swaps and introducing new LBP features such as zero-collateral options and anti-snipe mechanisms. The platform plans to engage the community through competitions, giveaways and educational initiatives.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
