Fuji Pre-Token bonds

The last stage of “Fuji Climb: Fantom Expedition” is where players use their final meter points to acquire Pre-token bonds.

Pre-token bonds are ERC-3525 tokens or “Financial NFTs” developed by SolvProtocol. They allow native tokens to be locked within it and vested over time. The bonds are instruments that give a right for their holders to claim the native token at a specific point in the future (maturity date). An advantage of the bonds is that they are liquid and tradable on a secondary market at any moment.

FujiDAO commits to allocating ~1.5% of the total supply or 3% of the community share to this campaign which means that the holders of all bonds will be eligible to claim 1.5M of the future Fuji tokens, assuming a total supply of 100M.

How does it work?

Users accumulate throughout the expedition meter points which are the in-game currency and at the final stage, they have to use them to buy Pre-token bonds. Users have to choose among three tiers of bonds, all of them with the same price (10k meter points) with the difference between them being the vesting period and the amount of claimable Fuji tokens. The relationship between these parameters is simple, the longer the vesting, the more Fuji tokens. However, we cannot determine beforehand the token allocation for each tier because we don’t know how many bonds will be acquired at the end.

tier I → a bond with 3 months of vesting will contain 1*N amount of Fuji tokens,

tier II → a bond with 6 months of vesting will contain 2*N amount of Fuji tokens,

tier III → a bond with 12 months of vesting will contain 4*N amount of Fuji tokens.

This means that a tier III bond will be eligible for 4 times more tokens than a tier I bond.

There will be a special tier IV of bonds that will be used to incentivize active participation through contests, referral programs, and other community activities. The number of the tokens attributed to tier IV is fixed at 135K and won’t be subject to vesting.

So if the number of acquired bonds per tier at the end is S1, S2, and S3, then the following formula should hold true:

S1 * (1*N) + S2 * (2*N) + S3 * (4*N) + 135K = 1.5M Fuji tokens,where S1, S2, S3 = sold amount of bonds on respective tier.