> For the complete documentation index, see [llms.txt](https://frak.gitbook.io/frak-faq/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://frak.gitbook.io/frak-faq/frk_token.md).

# The token: $FRK

### **$FRK Token: Fueling the FRAK Ecosystem on Polygon Blockchain**

$FRK is an ERC20 token minted on the Polygon Blockchain, serving as the intrinsic store of value within the FRAK ecosystem. With a fixed supply of 3,000,000,000.00000 units, $FRK is designed to empower creators and users within the platform.

### Key Features:

* **Blockchain Infrastructure:** Built on the efficient Polygon Blockchain, $FRK benefits from low transaction costs and fast confirmation times, enhancing the overall user experience.
* **Limited Supply:** With a capped supply of 3 billion units, $FRK ensures scarcity, contributing to its potential as a store of value.
* **Future Listing:** $FRK is set to be listed on both decentralized and centralized exchanges, making it publicly tradable from February 10th, 2023. This opens avenues for broader accessibility and liquidity.

### Community Ownership and Decision-Making:

* **Token Distribution:** Creators and Users will always own a majority of tokens and be able to make decisions through the DAO (from June 2023). This structure allows token holders to actively participate in decision-making processes, ensuring a democratic and inclusive governance model.

### Explore $FRK on PolygonScan:

For transparency and visibility into $FRK transactions and details, you can explore the token on PolygonScan: [PolygonScan - $FRK Token](https://polygonscan.com/token/0x6261e4a478c98419eafa6289509c49058d21df8c).

$FRK stands as a testament to the commitment of FRAK to create a decentralized and community-driven ecosystem, where the value is shared among its participants.

## &#x20;                           <mark style="color:green;background-color:green;">$FRK Minting and Burning Mechanisms</mark>

### $FRK Minting&#x20;

$FRK earnings will vary over time based on the usage and actions taken by the community.&#x20;

Creators and Users can earn $FRK every time a user interacts with any content registered in the Frak Protocol. The only way $FRK can be minted is by consuming some content. &#x20;

### $FRK Burning

$FRK has a limited supply, therefore, no burning mechanisms are set up. However, in specific cases of inflation burning could be decided by DAO (cf [Hedging against inflation](https://whitepaper.frak.id/frak-protocol/tokenomics/hedging-against-inflation))

Besides, DAO could also decide to create an inactivity fee with an automatic burning algorithm. For example, if Owners do not interact with the ecosystem and/or tokens for a long period, the FRK token owner will have to pay an inactivity fee. <br>

## $FRK Initial Drop

| Description                         | Percentage | Number of tokens |
| ----------------------------------- | ---------- | ---------------- |
| Private Presale                     | 11.67%     | 350,000,000      |
| Public Sale                         | 2.33%      | 70,000,000       |
| Ecosystem Rewards                   | 50.00%     | 1,500,000,000    |
| Exchange Treasury/Liquidity/Staking | 11.00%     | 330,000,000      |
| Team                                | 8.33%      | 250,000,000      |
| Technology & Development            | 5%         | 150,000,000      |
| Advisors and Marketing              | 7.67%      | 230,000,000      |
| Educational Program                 | 2.00%      | 60,000,000       |
| Creator Grants                      | 2.00%      | 60,000,000       |

#### $FRK Lock up period for Private Sale

| Package                                                            | Vesting Schedule                                           | Issuance    | Price                | Supply |
| ------------------------------------------------------------------ | ---------------------------------------------------------- | ----------- | -------------------- | ------ |
| **Investors**                                                      | <p>Cliff : 12 months<br>Vesting linear over 24 months</p>  | 226,257,907 | **$0.0481686981939** | 7.54%  |
| <p><strong>Private Presale</strong><br><strong>Tier 1</strong></p> | <p>Cliff : 12 months<br>Vesting linear over 24 months</p>  | 6,000,000   | **$0.0096337396**    | 0.2%   |
| <p><strong>Private Presale</strong><br><strong>Tier 2</strong></p> | <p>​Cliff : 12 months<br>Vesting linear over 24 months</p> | 6,000,000   | **$0.0240843491**    | 0.2%   |
| <p><strong>Private Presale</strong><br><strong>Tier 3</strong></p> | <p>​Cliff : 10 months<br>Vesting linear over 24 months</p> | 6,000,000   | **$0.0337180887**    | 0.2%   |