Token utility
Fee structure
The platform charges a fee for all completed deals. Income from these fees is distributed as follows:
| Category | Size | Details |
|---|---|---|
Token holders revenue-sharing | 50% | Redistributed to token stakers |
Affiliates revenue-sharing | 20% | Referral payments * |
Buyback and Burn | 20% | Used to buy back and burn tokens, creating deflationary pressure |
Development cost | 10% | Used to cover development expenses, minus the team salary |
*fee of deals made without a referral link are sent to the marketing fund
Voting
Time-weighted voting is used to provide long-term token holders greater governance weight and control of the project. Token is the unit of Fomo.rip governance voting power. It is received by staking locked tokens and is non-transferable.
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