Team Wallets - A Comprehensive Explanation


FMiNE
Initial Premine Wallet
[6,300,000 FNNC, Until Distributed to 0]
- FMiNE is the Initial Premine Wallet. This wallet is essentially where the premined Fennec will arrive, and from there, we will separate it’s contents to FCEX, FDRoP, and FDEV. The wallet’s contents will be allocated among the other wallets in the specified quantities, and the remainder of its contents will be sold peer-to-peer or airdropped throughout the first 30 days post launch. By the time the first 14 days have passed, the wallet will be empty, and the only coins that the team will have will be in FCEX, FDRoP, and FDEV.


FCEX
Exchange Listing Treasury
[500,000 FNNC]
- FCEX is the Exchange Listing Treasury. Many CEXs require a portion of the supply in order to pair liquidity, as well as to enable margin trading. Luckily, we don’t plan on listing with larger exchanges with these types of requirements for several months, and until the Fennec community has grown considerably. Because of this, it is our belief that we will not need to give large CEXs a large percentage of our circulating supply in order to be listed. It is likely that larger exchanges will be able to see the Fennec community, and realize that seizing a large portion of our circulating supply will prove difficult. However, we plan on being listed on multiple exchanges, so we are assuming that it is better to be safe than sorry. Having a large portion of the circulating supply devoted to Exchange listings is a great way to ensure that we will have no problems getting listed.

- Larger exchanges often require a USDT deposit, as well as a FNNC deposit. For this reason, we may sell a portion of the FCEX wallet to finance the USDT deposit necessary for a listing. This will only be the case if our treasury cannot support a desired exchange listing without selling some of the FCEX wallet. However, be advised that it will be a priority of ours to avoid selling any of the FCEX wallet contents, and also that we will be taking measures to afford exchange listings without utilizing the FCEX wallet.


FDRoP
Airdrops / Bounty Hunts / Giveaways
[200,000 FNNC]
- FDRoP is the Airdrop Wallet. Airdrops will be provided for bounty hunts. Bounty hunts are events that encourage engagement on our social media platforms, online promotion, and other forms of spreading Fennec community awareness, as well as Fennec community engagement. We plan on only using the FDRoP wallet once the Fennec community has grown, so that those receiving airdrops will have a higher level of respect for the project, and will not expect large airdrops. This will conserve the FDRoP wallet as much as possible. Bounty hunts are often the catalyst for phenomenal community growth, as well as a boost in morale among each individual community member. Overall, having a portion of the supply devoted to a cause like this is something we strongly believe in!


FDEV
Developer Wallet
[300,000 FNNC]
- FDEV is the Developer Wallet. As the founder and owner of Fennec, I have already invested thousands of dollars and hundreds of hours into the Fennec project, and we are only within the first two weeks of Fennec’s inception at the time of writing this. There will be many hours invested in further development of the project, and I feel that it is only right to feel entitled to a decent percentage of the circulating supply as a result. The majority of crypto advocates understand that the founder/developer of a project will want a percentage of true ownership for their labor, and my continued presence in the Fennec project will essentially be justified by the allocation I have provided myself. It is modest in my opinion, considering the percentage of work I do for the project itself in comparison with the rest of the team at this time.

- If we ever encounter a tech savvy individual in Fennec (as I’m sure we will in the near future!) there will be plenty of forensics about whether or not there are any other “hidden wallets” in my possession. I can assure you, there will not be. A 300,000 coin allocation is all I will ever claim, and I aim to do so with grace. This grace will be backed by merit, and this merit will have been earned from my continued support, presence, innovation, and perseverance for the Fennec project.