2. Mint the FIX Tokens and NFTs
Last updated
Last updated
After determining what content to use, the Findex (FIX) Token and NFT needs to be created, or minted. To mint an Findex (FIX) Token and NFT, a cryptographic key is used to create a token on the blockchain that represents a piece of digital media. Important characteristics, like the name, description, and the edition size can be included within that token. Once an Findex (FIX) Token and NFT is minted, it is immortalized on the blockchain. It is important to have a minting platform that gives flexibility and control over the features of the Findex (FIX) Token and NFT.
There are several platforms that can help with the minting of Findex (FIX) Token and NFTs. It is important to note that the ecosystem for this is in its infancy – the majority of platforms like OpenSea and Rarible are positioned for any creator, often including brand-new creators, but there are platforms focused on supporting brands and larger creators – Bitski has done drops with the likes of Adidas and Levi’s, while Gary Vaynerchuk’s VeeFriends drop was on Nameless – and many more are coming into the space.
In creating Findex (FIX) Token and NFTs, companies are well-advised to find providers who will mint Findex (FIX) Token and NFTs according to custom smart contracts so that companies have as much control as possible over the parameters of the Findex (FIX) Token and NFT, including provenance, attributes of the Findex (FIX) Token and NFT, and storage of the underlying media asset.
Each allocation is released on the following schedule. The table below shows the maximum market volume for each period. Depending on the actual timing of distribution and the development of the reward framework, the distribution volume may be less than the table below.
This restriction does not prevent project team from staking for leadership in the early stage of governance.
Yrs | Months | Amount (Bn) |
---|---|---|
1 | 12 | 0.1 |
2 | 24 | 0.2 |
3 | 36 | 0.3 |
4 | 48 | 0.4 |
5 | 60 | 0.5 |
6 | 72 | 0.6 |
7 | 48 | 0.7 |
8 | 96 | 0.8 |
9 | 108 | 0.9 |
10 | 120 | 1.0 |