We are happy to announce the Genesis Event for Fatcash — Our Algorithm Stablecoin.
What is Fatcash?
Read here: https://fatfi.gitbook.io/fatfi/fat-algorithm-stablecoin/tokens-explanation
FAC Distribution
The genesis distribution of FAC will be available to users who deposit any of the below tokens.
There are 2 kinds of pools: K-Rewards Pool and F-Rewards Pool.
F — Rewards Pool: FAT/BUSD LPs token staking pool.
This is the Exclusive pool that will give x2 rewards during the Genesis Event:
· 20.000 FAC tokens will be distributed in the genesis distribution at the rate of 4.000 FAC tokens per day for 5 days.
K — Rewards Pool
Single Staking Pool will accept below 18 tokens:
- Stablecoins: DAI, USDT, USDC, BUSD.
- Communities: CAKE, BAKE, BURGER, ETH, WBNB, REEF, XRP, SXP, DOT, ADA, DOGE, LINK, TWT, GUM.
180,000 FAC tokens will be distributed evenly across all 18 token pools listed above in the genesis.
Schedule
TGE
00:01: FAT/BUSD LP Pool, WBNB Pool, BUSD, Gum Pool will open
48:01: DAI, USDT, USDC, CAKE, BAKE, BURGER, FAT Pool will open
96:01: The Rest Pool will open.
FAS Distribution
Along with FAT Cash, FAT Share (FAS) will also be distributed.
FAS token distribution will begin shortly after the initial FACs are distributed, to users that provide liquidity to the FAC-BUSD and FAT-BUSD pair on Pancakes Swap. These 2 pools will distribute 15,000 FAS tokens, starting with:
63 FAS for FAC-BUSD in the first 5 days of Genesis.
63 FAS each pool, for FAC-BUSD and FAT-BUSD. Decrease by 25% every 30 days.
FAS tokens are also distributed to liquidity providers of FAS-BUSD on Pancake Swap, distributing a total of 5,000 FAS within 365 days.
