FIEF is designed to be highly scarce with a substantial portion of the total supply distributed via Metaverse Season Passes, decentralized application incentives, Loot and in-game activity.
The total supply of FIEF will always be capped at 500,000,000.
Originally, 65% of the supply (325M) was set to be released via IGMs. However, the IGM sale concluded in August 31, 2022 to make room for more robust implementations of the FIEF token supply across our platform.
With the sunsetting of the IGM-based distribution of FIEF, the remaining supply attached to unsold IGMs after August 31, 2022 will be distributed more efficiently through activities detailed below.
To note, the team supply was boosted to 25% from 20%, while the Advisor supply was reduced from 2% to 1% and the Dev Bounty supply reduced from 3% to 1% to better position Fief to acquire core talent.
While global team token supplies are unlocked uniformally for public awareness, the Fief team applies its own internal cliff and vesting system to further retain talent and align interests between team and community.