StaFi Token Metrics: FIS Raise and Token Distribution
Dear StaFi members,
We have been heads-down busy putting finishing touches in preparation for the mainnet launch. In less than a month, the community managed to grow to over 150 validators and complete most of the incentivized testnet tasks. We are now on the final sprint — Staking Competition. Next to that, we had StakingDrop with over $150,000,000 worth of tokens bonded from some of the biggest blockchain communities. Telegram chat and Discord are getting organized and are growing every day. We are super humbled by the increasing support and attention — and we are excited!
Now let’s get to the core of the article: FIS token metrics. That means the $ numbers and all that financial stuff. If you want to see what FIS token does ,what its utilities and value capture models are — check out the docs:
It’s no wonder that the crypto market has been very green in the past months, returning confidence to many crypto enthusiasts. There are many raises getting closed every week, which have been bloating even seed valuations from 10M to over 50M at this point. With over 3M USD hardcaps. And that’s for new projects! We don’t find that acceptable…
Being humble with the raise
There is no need to cash out on the community by extending the valuation and gambling. We believe that every community should be built from the ground-up in a humble way. That means starting low and growing together. And we act accordingly!
- FIS seed and private sale valuations were below 10M USD fully diluted
- As promised, FIS seed and private sale raise was kept below $1M
- The circulating market cap will be below 500K USD at the start. Based on a $0.13 public round price and excluding the ecosystem growth portion dedicated to user rewards and liquidity provision.
We didn’t just take 3–4 VCs logos and called it a day — instead, we spread out the investor support over dozens of contributors each securing their skin in the game. Our approach was to choose the most value-contributing investors depending on their strengths.
Institutions like Focus Labs helping with token design and marketing in the US, Russia and Europe; Spark Digital Capital securing support in China… Among our supportive contributors there are also quite a few prominent DeFi founders, community leaders, exchange executives, staking pools, Polkadot ecosystem influencers, DAO summoners. Our supporters have put their resources to help StaFi secure a successful phase 1 StakingDrop, and will further be vested to work for the benefit of FIS community.
Our raise was oversubscribed by over 15 times at least, and that’s without counting hundreds ofTelegram DMs. We never budged or even thought of raising more — because our goal is to be transparent with the community and grow lean together as we roll out product upgrades.
Liam, Co-Founder of StaFi Protocol
While we couldn’t hold a more regular ICO due to FIS being a native token on a parachain at first, the community could already play around with v0.1 of the product and participate in StakingDrop. Moreover, stay for further news on liquidity programs, community contests, validator campaigns, and more.
Public Round: Auction
We are aiming for a public auction and listing right after in September, please stay tuned for more news regarding official exchange partner. The auction price will be capped at $0.13 with a $13M valuation but it can also be higher. We are finalizing the details — so please stay tuned. The total amount of tokens allocated for this round is 0.85% of the total supply. All tokens from the auction will be unlocked right away.
Token Distribution and Schedule
We kept the distribution and the lockups pretty standard to how many other projects have it. The non-sold portions are reserved to further incentivize product usage and community participation — the largest portion of the supply.
For transparency purposes, please keep in mind that the total supply can grow beyond 100M FIS after the 1st year. However, as you can see in Token Economics, product usage results in FIS revenue burn, meaning it can in fact offset and potentially turn inflation into deflation.
Further Steps
We are now in the process of collecting mainnet addresses from FIS contributors — make sure to reply to our emails asap. All the funds have been raised weeks ago, we do not accept any new contributions. Any emails or members offering you allocations are scam, there is no extra round — so be careful with impersonators! Only follow official StaFi channels.
Thank you for your support, community! Our chats have been booming with Staking activities and validator campaigns. We are now polishing up the structure to make sure everything is ready. If you would like to help, hold an AMA together, and learn about liquid staking in general — we will make sure to allocate the time right after mainnet launch. Stay tuned :)
If you feel like any of the points, contributions, lockups, or allocations need further elaboration, just tag us in the chat and we will make sure to further increase our transparency threshold. Community-focused all the way!
About StaFi Protocol
Stafi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through Stafi and receive rTokens in return, which are available for trading while still earning staking rewards. FIS is the native token on Stafi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the Stafi chain, mint & redeem rTokens.
Website: www.stafi.io
Twitter:@Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
Discord: https://discord.com/invite/jB77etn
…learn more…
