Executive members of Affyn have approved changes in the tokenomics and listing price of FYN tokens. The IDO of FYN tokens will be launched some time in Q1 2022, and the listing price will be set at USD$0.14. As a result of the changes, the initial market capitalization of Affyn will be USD$140,000*.
The decision to change is to align the interest of early investors with Affyn’s long-term objective. Affyn wants to attract only high-quality investors that have a long-term horizon focus and are excited to be part of an unparallel experience building a Play-to-Earn metaverse where the virtual and real world converge. Affyn is positive that the revised tokenomics and listing price will send a credible signal that demonstrates investors’ strong commitment and confidence about Affyn’s future.
Full details on the tokenomics and listing price of FYN tokens can be found in its whitepaper: https://cdn.sanity.io/files/u4chpxu2/production/15fb03d6f11b83bd0ec306d7c15446e11668998b.pdf
*Exclude DEX liquidity and marketing
About Affyn: Affyn is a Singapore-based company building an integrated ecosystem with a Play-to-Earn Metaverse where the virtual and real world converge. FYN token will be the official blockchain utility token which users can earn and utilize within the ecosystem.
Disclaimer: This article is prepared by Affyn for information and illustration purposes only. It is not a statement of future intent. The information here may be subject to change without prior notice.