Fred (FRED) Tokenomics

The token economics of First Convicted Raccon Fred (FRED) are primarily defined by its total supply, multi-chain presence, and utility within staking pools. The token is associated with the broader "FRED Energy" project, which focuses on green energy and social good, although FRED itself is also recognized as a meme-driven project.

Issuance Mechanism and Total Supply

The FRED token has a fixed total supply of 808 million tokens across all networks.

The token exists on multiple blockchains, with the total supply distributed as follows:

• FRED Stellar Token (FRED): This is identified as the main token of the FRED Energy project.
• FREDX Ethereum Token (FREDX): 404 million tokens were initially created on Ethereum.
• Binance Smart Chain (BSC) bFREDX: 100 million tokens were bridged from the Ethereum supply.
• Polygon pFREDX: 100 million tokens were bridged from the Ethereum supply.

The project emphasizes that bridges and blockchain interoperability are key to its future, allowing FRED tokens to be swapped 1-to-1 across these networks.

Allocation Mechanism

Specific, detailed token allocation percentages (e.g., for team, investors, treasury) for the 808 million FRED tokens were not available.

However, the distribution across networks is known:

Additionally, the FRED Energy ecosystem includes a separate, non-tradeable token called FACT on the Stellar network, which is used specifically for product tracking.

Usage and Incentive Mechanism

The primary utility and incentive mechanism for the FRED token is staking within decentralized finance (DeFi) pools, specifically on platforms like Solbank on the Solana Blockchain.

• Staking for Rewards: Users can stake FRED tokens in the "First Convicted RACCON Pool" to earn rewards in SB (likely the native token of the Solbank platform).
• Incentive Details: The staking pool offers a Weekly ROI (wROI) of 1.48%.
• Fees: The pool applies a 2.00% fee for both deposits (in) and withdrawals (out).
• Community Activity: As of the available data, the staking pool had 10 participants and a total of 6,544.8433 FRED staked, with a Total Value Locked (TVL) of $34.07.

The token is also recognized as a meme token, which suggests that speculative holding and community-driven market action play a significant role in its overall dynamics, as is common with meme-themed projects.

Locking Mechanism and Unlocking Time

Information regarding a formal, scheduled locking mechanism (such as vesting cliffs or linear unlocks for team, investors, or treasury) and future unlocking dates for the FRED token was not available.

The only locking mechanism observed is the voluntary locking associated with the staking pool, where users lock their FRED tokens to earn staking rewards. The duration and specific withdrawal rules for staked FRED tokens were not detailed beyond the existence of the staking pool itself.