Start Date January 1st 2020 – Proposed End Date January 1st 2021
Our token sales will be moving to a HODL’s rewards-based scheme until further notice. This is to encourage buying from our platform which provides our project with funding (for Marketing, Exchanges, Marketplace etc) and also aids in maintaining a more stable token value. Purchasers for the next sales rounds on our platform will be entitled to a bi-monthly interest rate based on the number of tokens purchased from our platform and holding that purchase amount when wallet snapshots are taken (see snapshot table).
NOTE: You do NOT need to lock your tokens, you are free to trade, however, should the purchasers balance fall below the original purchase amount when wallet snapshots are taken, they will forfeit their rewards for that period (see schedule table below).
Current holders will also be eligible for rewards if they meet the criteria detailed below the round information.
We may need to end the scheme due to private investor requrements or other circumstances, we therefore reserve the right to end the HODL’s reward scheme at any-time by giving 2 weeks notice. Should we need to end the scheme early, we shall post the announcement on our websites and social media channels so please stay connected.
Reward Campaign Round 1
50,000,000 tokens for sale
102% rewards (2% added for ease of calculation)
Min $30 purchase (approx)
Price for this round $0.00012
Based on a purchase of 500,000 tokens, the rewards return would be an additional 510,000 tokens if holding original purchase balance on snapshot date for 12 months (rewards would be divided by 6 to make bi-monthly reward payments) giving a total holding of 1,010,000 after 12 months
Number of tokens required to cover rewards 51,000,000
Total tokens required for this round = 101,000,000
Further reward rounds may or may not be offered depending on private investment and project progress. Price per token for future rounds will be in-line with current exchange prices.
Platform purchase rewards example
Example calculation:
Date of wallet snapshot – 31/01/20 (see below table)
Number of tokens held in wallet – 500,000
Reward – 102% divided by 12 months equals 8.5% per month = 42,500
Date of wallet snapshot – 29/02/20
Number of tokens held in wallet – 500,000
Reward = 42,500
Total rewards due 85,000 paid between 01/03/20 – 07/03/20
Note: Rewards are only payable on original purchase amount and not on increasing balances
Reward Campaign Round 2
40,000,000 tokens for sale
66% rewards
Min $50 purchase
Based on a purchase of 500,000 tokens, the rewards return would be an additional 330,000 tokens if holding for 12 months (rewards would be divided by 6 to make bi-monthly reward payments) giving a total holding of 830,000 after 12 months
Number of tokens required to cover rewards 26,400,000
Total tokens required 66,400,000
Current token holders (ex-miners/exchange buyers)
There are approximately 60,000,000 tokens in circulation
Note: There is a minimum balance of 250,000 for current holders to be eligible for this reward scheme. Excludes token holders who have purchased from the new scheme rounds. Wallets below the 250,000 token minimum will NOT be eligible for current holder rewards
Current holders will need to move their tokens to a private wallet (not Finexbox) to enable wallet monitoring for rewards
54% rewards
Current holders of FRED tokens (Stellar) based on the minimum holding of 250,000 tokens, would receive an additional 135,000 tokens if holding for 12 months (rewards would be divided by 6 to make bi-monthly reward payments) giving a total holding of 385,000 after 12 months.
A wallet snapshot will be taken on the last day of each month and rewards calculated on the balance of that day. Rewards will be paid in the first week of every second month.
You do NOT need to lock your tokens, you are free to trade, however if your balance on the snapshot date is below 250,000 you will not receive rewards for that month.
Number of tokens required to cover rewards 32,400,000 ((27,540,000))
Current holders rewards example
Rewards example:
Date of wallet snapshot – 31/01/20
Number of tokens held in wallet – 300,000
Reward – 54% divided by 12 months equals 4.5% per month = 13,500
Date of wallet snapshot – 29/02/20
Number of tokens held in wallet – 400,000
Reward = 18,000
Total rewards due 31,500 paid between 01/03/20 – 07/03/20
Wallet snapshot and payment schedule
| Wallet snapshot date | Rewards payment date |
| 31/01/20 | |
| 29/02/20 | 1/03/20 – 07/03/20 |
| 31/03/20 | |
| 30/04/20 | 01/05/20 – 07/05/20 |
| 31/05/20 | |
| 30/06/20 | 01/07/20 – 07/07/20 |
| 31/07/20 | |
| 31/08/20 | 01/09/20 – 07/09/20 |
| 30/09/20 | |
| 31/10/20 | 01/11/20 – 07/09/20 |
| 30/11/20 | |
| 31/12/20 | 01/01/21 – 07/01/21 |
Note: We cannot take snapshots of wallets held on centralised exchanges (Finexbox etc)
KYC is not needed for purchases under $1000.
Accepted currencies ETH, BTC, LTC , XLM, TRX, XRP, BCH, BNB, DASH
Please ensure you have a Stellar based wallet with the trustline to fredenergy.org (FRED) issuer account GCA73U2PZFWAXJSNVMEVPNPPJCZGETWPWZC6E4DJAIWP3ZW3BAGYZLV6
We will post snapshot link information here and on our social media channels once we have completed the first snapshot
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