What is FM Gallery (FMG) | What is FM Gallery token | What is FMG token
FM Gallery is a blockchain-based distribution platform for NFT artworks. We strive to empower the world of arts and fashion with innovative art fragments as well as autonomous fan communities. With blockchain technology, an artwork can be divided into several fragments. Each fragment, represented by an NFT, contains a unique art story. By collecting fragments, users are able to complete the artwork and redeem the completed NFT for physical artworks. Collaborating with top artists, galleries and auction houses around the world, we will continue to release physical and virtual crypto artworks on our blockchain.
FMG will be the governance token for the FM Gallery ecosystem and will conform to the ERC20 standard. The total supply will be fixed at 100,000,000 tokens. Being a DAO, we need to design a fair model for distributing FMG tokens to incentivize the community to use the platform actively. The distribution breakdown is as follows:
1. Team — 20%
2. Ecosystem Fund/Community Governance — 15%
3. Private Sale, Seed Investors and Advisors –15%
4. Community — 50%
• Team
Team and Advisors will be allotted 20% of the supply (20 million FMG). 5% of that (1 million FMG) will be vested on TGE and the remaining will be vested linearly over 12 months on a monthly basis.
• Ecosystem Fund
The Ecosystem Fund will be allotted 15% of the supply (15 million FMG). This will be used for funding for the day-to-day operations and other activities to grow the platform like marketing, partnership, smart contract audit, etc.
• Private Sale, Seed Contributors and Advisors
Private Sale and Seed Contributors will be allotted 15% of the supply (15 million FMG). Vesting schedule for each of them are –
1. Private Sale — 8.6% of the total distribution (8600000 FMG). Around 29% (2500000 FMG) will be vested at TGE and the remaining will be vested linearly over 12 months on a monthly basis.
2. Seed Contributors — 5% of the total distribution (5000000 FMG). Around 20% (1000000 FMG) will be vested at TGE and the remaining will be vested linearly over 12 months on a monthly basis.
3. Advisors — 1.4% of the total distribution (1400000 FMG). Around 20% (280000 FMG) will be vested at 1 month after TGE and the remaining will be vested linearly over the next 11 months on a monthly basis.
• Community
The community will be allotted 50% of the supply (50 million FMG). These tokens will be used to incentivize community engagement in different ways. The distribution model will be front-loaded and will be adjusted later based on community vote. There will be no vesting schedule for this part of the supply. There will be four ways for the community (breakdown can be later adjusted based on community vote) to earn the FMG tokens as incentives for participation in the platform:
1. Blind box NFT purchase rewards (15%)
2. Initial DEX Offering (4%)
3. FMG token liquidity mining (31%)
• Initial DEX Offering
Potentially, 300k worth of ETH will be raised for 2 million FMG at price 1 FMG = 0.15 USD. Another 2 million FMG will be added with 300k USD worth ETH to a Uniswap pool at TGE. More details regarding IDO to be published later.
• Blind Box NFT Purchase Rewards
For every blind box NFT fragment purchased on FM Gallery platform, users will receive rebates in the form of FMG tokens. At the end of every epoch, the amount of FMG tokens a user receives will be directly proportionate to that user’s spending on blind boxes.
Based on initial parameters, the platform will rebate a stable 5% of that user’s spending back in the form of distributed FMG tokens. However, this allocation may change when Limit Epoch Distribution applies and triggers a deferred distribution. We will reveal more details, such as how the distribution value is determined, by the platform launch date.
• Liquidity Mining
To incentivize users to provide liquidity, a total of 31 million FMG tokens will be distributed via the “liquidity mining” program over two years. Initially, we will launch an FMG-ETH Uniswap Pool and provide liquidity mining incentives to it. The epoch size for FMG distribution will be one week for all the pools. For users to be eligible to earn FMG tokens, they must stake liquidity until the end of the epoch.
Initial farming parameters will be shared near the TGE. The community FMG distribution parameters will be later adjusted based on community vote once the protocol moves towards being a DAO.
Thank you for your patience. We’ve been working closely with Poolz and Bounce teams, and have obtained the full lists of all IDO participants who completed the subscription. We will be airdropping the $FMG tokens to those addresses in a short while.
We have also launched our official Uniswap pool (smoothly this time), and here’re the details:
FMG Official Token Address
0x2991341D28Eaea277785D20e1d878D478c7bA4C7
Trade on Uniswap
https://info.uniswap.org/pair/0x8815ee66cbb8fd7adaf199cc5564eb2ac52a9c00
Dextools
https://www.dextools.io/app/uniswap/pair-explorer/0x8815ee66cbb8fd7adaf199cc5564eb2ac52a9c00
Would you like to earn TOKEN right now! ☞ CLICK HERE
How and Where to Buy FM Gallery (FMG)?
FMG has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy FMG
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since FMG is an altcoin we need to transfer our coins to an exchange that FMG can be traded. Below is a list of exchanges that offers to trade FMG in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase FMG from the exchange: Uniswap (V2)
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once FMG gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information FMG
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🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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