🪙Tokenomics: $FOHO

Revolutionizing Community Ownership and Utility.

The $FOHO token is the native token of the For Holders platform, a community-owned NFT marketplace that distributes its profits to its token holders. The $FOHO token provides a number of benefits and uses within the platform, as well as serving as a means of distributing profits to holders of Himalaya NFTs.

Token Distribution

The maximum supply of $FOHO tokens is 777,777,777,777 and the tokens will be distributed among the holders of Himalaya NFTs. The distribution of $FOHO tokens will be based on the proportion of ownership that each Himalaya NFT represents. This means that holders of Himalaya NFTs will receive $FOHO tokens based on the revenue generated by the platform at the end of each month.

Token Utility

The $FOHO token provides several benefits and uses within the For Holders ecosystem:

• Discount on Transaction Fees: The $FOHO token can be used to pay for transaction fees on the For Holders platform. Users who hold $FOHO tokens will receive a discount on transaction fees, incentivizing them to hold and use the token.

• Exclusive NFTs: $FOHO token holders will have access to exclusive NFTs that are only available for purchase using $FOHO tokens. This provides an additional incentive for users to hold and use $FOHO tokens within the For Holders ecosystem.

• Staking Rewards: Users who stake $FOHO tokens on the For Holders platform will be eligible to earn additional rewards and benefits. Staking $FOHO tokens will allow users to earn a share of the advertising revenue generated by the platform, as well as other benefits such as early access to new NFT collections.

Tokenomics

The $FOHO tokenomics are designed to incentivize users to hold and use the token within the For Holders ecosystem, while also providing a sustainable and equitable distribution of profits to Himalaya NFT holders. The initial distribution of $FOHO tokens will be based on the proportion of Himalaya NFT ownership, but additional tokens will be minted over time based on the growth of the platform.

The $FOHO token will be a deflationary asset, as a percentage of each transaction fee paid in $FOHO tokens will be burned. This will reduce the overall supply of $FOHO tokens over time, increasing their scarcity and potentially driving up their value.

Conclusion

The $FOHO token is a key component of the For Holders platform, providing a means of distributing profits to Himalaya NFT holders, as well as a range of benefits and uses within the ecosystem. The tokenomics are designed to incentivize users to hold and use the token, while also providing a sustainable and equitable distribution of profits. As the For Holders platform grows and evolves, we believe that the $FOHO token will become an increasingly important and valuable asset for users of the platform.