Fred (FRED) Tokenomics

The token economics for First Convicted Raccon Fred (FRED) are primarily characterized by its fixed total supply, multi-chain presence via bridging, and its utility within a staking pool on the Solana blockchain.

Issuance Mechanism and Total Supply

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

The initial issuance appears to have occurred on the Ethereum blockchain, where 404 million FREDX tokens were created. A portion of this supply was subsequently bridged to other networks:

• Ethereum (FREDX): 404 million tokens created initially.
• Binance Smart Chain (BSC) (bFREDX): 100 million tokens bridged from the Ethereum supply.
• Polygon (pFREDX): 100 million tokens bridged from the Ethereum supply.
• Stellar (FRED): The main token of FRED Energy, with the total supply of 808 million tokens across all networks.

The token is designed for 1-to-1 swaps between these networks, emphasizing blockchain interoperability.

Allocation Mechanism

Specific, detailed token allocation percentages (e.g., for team, treasury, marketing, or public sale) for the FRED token were not available.

However, the token is associated with the broader "FRED Energy" project, which focuses on green energy and social good. The token exists on multiple chains, with significant portions allocated to be bridged across Ethereum, BSC, and Polygon.

Usage and Incentive Mechanism

The primary identified utility and incentive mechanism for the FRED token is staking within the Solbank platform on the Solana blockchain.

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

The token is also noted to be a meme-driven project, which suggests its market traction is heavily influenced by community and speculative interest, as evidenced by its rapid traction and high trading volume ($83 million) despite a relatively small market cap ($8.2 million) at one point.

Locking Mechanism and Unlocking Time

Specific details regarding a formal vesting or locking mechanism for the core FRED token supply (e.g., for the team or investors) were not available.

However, the token's participation in the Solbank staking pool implies a temporary locking mechanism:

• Staking Lock: When users stake FRED to earn SB, the tokens are locked within the staking pool for the duration of their participation. The exact minimum or maximum lock-up period for this specific pool was not specified, but the fees (2.00% in/out) suggest a mechanism to manage liquidity flow.

Information regarding a formal vesting schedule, including cliffs and unlocking times for team, advisors, or private investors, was not available.