Fomo Labs is a pioneering fitness company that produces supplements, apparel, and hosts sports festivals. It offers stakeholders a chance to share in company sales revenue, promoting health as well as wealth creation. It embodies innovation, and the fusion of physical and financial well-being by combining the science of nutrition and the power of the blockchain.
Learn more about the complete ecosystem of Fomo Labs.
Fomo Labs reserves the right to revise/update the White Paper as needed to inform its community and stakeholders of any changes and/or progress with the company and the token.
FOMO Labs will launch on the Ethereum Network (ERC20). The Tokenomics of Fomo Labs will see a total supply of 10,000,000 tokens, with 3,500,000 tokens allocated for the presale and 1,700,000 tokens allocated for liquidity. The rest of the tokens will be allocated as follows:
1,500,000 tokens will be reserved for marketing of the token as well as the company. This portion will be locked for 30 days after launch. 30% will be released after 30 days. 10% will be released every month thereafter.
1,000,000 tokens will be allocated for product research for future innovations. This allocation will be locked for 6 months after token launch, subject to extension as needed.
1,000,000 tokens will be reserved as a war chest for future unforeseen developmental expenses. This allocation will be vested. Tokens will be released at 0.5% (5% off the allocation) every 15 days.
500,000 tokens will be reserved for future listings. This will be locked for 1 week after token launch, subject to extension as needed.
500,000 tokens will be allocated to the team as future compensation for the work created. This allocation will be locked for 12 months.
300,000 tokens will be allocated for community incentives and contests to drive activity and volume. This allocation will remain unlocked.
TOTAL SUPPLY 10 MILLION TOKENS
ETH Rewards - 1%
1% of all buys and sells will go to an ETH Rewards Pool to be shared by all holders.
Marketing - 4%
4% of all buys and sells will be used for marketing and development purposes.
Defiant Platform - 1%
1% of all buys and sells will go to Defiant Platform for upkeep and maintenance of decentralized apps used by Fomo Labs.
FOMO LABS APP
Download the Fomo Labs app to maximize social engagement within our fitness community. Connect with athletes, coaches and fitness influencers. Have direct access to our shop and participate in different activities to gain in-app rewards.
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