I started evaluating ForceFi Tokenomics some months ago, when the project got more concreteness after an introductory call I had with Mike back at the end of the last year.
The first Value Proposition we identified was a higher transparency of the funds invested into projects listed onto ForceFi. BUT, I realized that much more could be done in terms of reliability and credibility. And I had to deal with the creation of a decentralized way to evaluate projects.
And here came the Curator Role
We are currently onboarding Curators and we gathered more than 120 professionals and advisors from the cryptocurrency space. Now, after an evaluation from Mikhail, ForceFi’s CEO, becoming a curator is free and does not require any form of token purchase or token-locks. After this first phase of Curators onboarding, we will currently turn on the Project onboarding, where curators will get the chance to be involved into the Project preliminary evaluation and the best Curators, will also get the chance of becoming directly involved into the Project itself.
Here is the panel of first onboarded Curators
Source: https://twitter.com/Forcefi_io
Afterwards, Curators will need to have 10.000 FORC tokens to become eligible for Curator role AND if Curators will result having a lower amount of 10.000 FORC tokens, their role will be frozen until they get back at a higher personal staked amount of FORC tokens.
Curators will get earnings both from special Incentive Programs we will issue in a dedicated way for them AND also based on the active work and value they will bring to projects.
Also Big Stakers, people having more than 50.000 FORC Tokens will be eligible to get incentives, as they will actively take part into the distribution of profits from the Platform.
The first one is that they will get 100% transparency on fundraise, transmitting more trust to their investors that will be aware of how and where their money is spent.
The second, will be that Curators will actively evaluate projects, suggesting improvements and taking actions to improve it. Projects, one paid the small upfront fee, will have access to the whole list of Curators of ForceFi that after some time, will issue as well a rank for the most active and proficient Curators making the choice for projects easier and independent from the capability of individual’s storytelling.
Third advantage, is that the retention percentage on the money raised is the half of the usual Launchpad’s. Traditional Centralized Launchpads usually asks for a 10% on the money raised, while ForceFi will ask UP to 5%, meaning that for higher amounts raised, ForceFi’s percentage will be lower.
Fourth, Last but not least advantage, is the Community.
Beyond Curators community, ForceFi is going to create soon incentive programs for users to be onboarded and to actively join the community.
We have started recently a program in Twitter Spaces, where available Curators are hosted speaking about their experience, sharing insights and tips to the listeners, with the chance to also interact. You can listen to my Twitter Space here
https://twitter.com/Forcefi_io/status/1689288221711114240
- Forcefi_io
They called it a free 5-figure consultation. I hope you can find some value too
Besides, Mainnet has launched a few days ago, and now you can see the Curator Page onto ForceFi + Projects onboarding is now active.
https://dfo.capital/
This is an overall look onto the Token Distribution and the Rewarding mechanism for work done and results achieved.
The first one was that I had to turn the model into a really decentralized Launchpad meaning that an independent evaluation committee had to be created.
And how to incentivize it?
Giving to Curators an active and meritocratic role into Projects and into ForceFi itself. Getting the chance of having their voice heard in different ways is a great tool to become stimulated to do the work in a great way!
Then: how could I create some interest from users to get and keep the FORC tokens?
500 FORC per user is the minimum required to take part into the Fundraise.
How to track and monitor Curators activity?
Creating parameters of evaluation based on Curators work AND Projects Feedbacks. In this way there will be good will from Curators on one hand (personal activities to support projects and the platform) and on the other hand, results achieved.
How to make sure that Curators are paid from the Fundraised money BUT that they actually did the work?
I have deployed and idea but we are still evaluating it so I am not going to disclose it yet :D
How to create some balance between the awarded tokens AND the necessary buy-backs to create inlet FORC liquidity for Treasury and internal pools?
Getting a part of the fundraise fees, a part from the initial onboarding fee AND some other flows that will contribute to it.
This Tokenomics was quite strong to be designed in terms of new features to be at first integrated into the Business Model as my usual approach to Tokenomics is always Iterative, making some evaluations back and forth from Business Model to Tokenomics, keeping an eye on Business Model (With expected and potential revenues) as well.
