We believe a free distribution model to be the most transparent way to distribute FLC, providing commitment from the team and community that the value of FLC will not be artificially set via an internally agreed upon ICO price; but instead the value in which we bring through product development to the evolving ecosystem in which we believe in.
We imagine FLC token holders to be involved in quarterly suggestion sessions where they can suggest proposals regarding the future development of the Fulcrum chain as well as suggest new chains to be made compatible within the Fulcrum ecosystem. As we believe smart contracts offer a safe and fair solution to all parties during the suggesting process, we plan to develop smart contracts to which FLC token holders could send their coins to vote on proposals.
Our Fulcrum Wallet offers all users the ability to earn up to 10% annual interest on their coins/tokens by staking them. Here’s how it works: in order to enter the stake period, you need to first store your tokens for 30 consecutive days. During this waiting period, you can still receive coins, but should not send them. After 30 days you can claim your interest.
Fulcrum aims to deliver and deploy plug and play blockchains that are customizable to the client’s preferences. This creates an important part of our token economy as it enables our community to provide services to the network in form of masternodes. A Masternode is a type of full node that offers various services to the network and is compensated by the network for this service.