Token information
Last updated
Last updated
FAT is Funarcade's native token on the Ethereum chain. Its uses are mainly:
Currency: Play Funarcade products using FAT tokens
Trading with other tokens: Once FAT goes live, we will be setting up a FAT-ETH pool for users to swap into/out of FAT. FAT will be the main token that interacts with other tokens.
Governance: Token holders may in future be involved in project decision making
FAT has a fixed supply of 100,000,000 (100m). No more will ever be minted.
esFAT is the “escrowed” version of our FAT token. It's main purpose is to be given as incentives to our users.
As a reward token: Profit sharing from FAT losses in the casino will be distributed in esFAT.
EsFAT and staking will not be available at token listing. EsFAT will be usable as a play currency once the new reward program is live. Using it will accrue bonus Reward Points
We discuss more on how the token is distributed, and how you can accumulate FAT tokens.
Conversion from FAT: Users can convert FAT to esFAT at a 1:1 ratio instantly. However, to convert esFAT back to FAT will require users to lock their tokens up for 7 days. ()
Staking for rewards: Users will need to stake esFAT tokens in the staking pool to receive rewards. As discussed in , esFAT stakers get 30% of the profit pool from the platform. It is the most fuss-free way to earn #realyield.
