Future of FNCY with FNCY Council, powered by FAM

governance

We invite you to the FNCY Governance, designed with the goal of bringing mainstream adoption to the Web 3.0 era with trust-based scalability and continuously evolving platforms and infrastructure.

FAMFNCY Authority Members (FAM)

  • WHAT

    Mutual Growth with FNCY

    We operate transparently and fairly using blockchain technology, and pursue mutual growth between FNCY and FAM by making optimal decisions based on collective efforts.

  • WHO

    FAM Partner Selection

    We are in discussions with various potential partners from a wide array of fields that can operate FNCY's blockchain system together, as well as enrich our content.

  • HOW

    Validator Qualifications

    • Complete KYB (Know Your Business) and KYC (Know Your Customer) processes
    • Self stake a minimum quantity of FNCY as outlined in the white paper
    • Final selection based on governance voting

Roles of FAM

PoSA (Consensus)
Faster block generation and lower costs with PoSA, a hybrid mechanism that combines Proof of Stake (PoS) and Proof of Authority (PoA) consensus mechanisms.
Validation
Curating validators for partnerships. Promoting the growth of a robust FNCY Ecosystem through active participation of validators.
Governance
FNCY gets closer to the masses with operations based on a staking-based governance model and voting mechanism.
Requirements and Rewards
Validators are tasked with creating new blocks and validating existing blocks. In order to operate a node, validators must have the required computer system and network environments, as well as check the FNCY node data as well. Validators can directly operate, consign (custodial service), or delegate the computing system for operations. As a reward for participating as a validator and operating the network, 30% of the 5 FNCY generated in each block will be rewarded to the validators as FAM rewards.

seeks to grow FNCY and create a virtuous cycle through mutual agenda proposals and voting with the validators.

  • Ensuring Transparency and Fairness

    Decisions regarding project operation must be made transparently and fairly. Decisions on project direction through voting will be reviewed together, and trust and support of the community will be built in this process.

  • Understanding and Representing Users

    Understanding and representing the opinions and needs of the users. Appropriate opinions engage the project's diverse stakeholders and promote diversity and inclusion.

  • Establishing Business Strategies

    Playing a crucial role in establishing business strategies and determining the direction of the project. Ideas and proposals for new business models support the continued and successful growth of the project.

  • Problem Solving and Risk Management

    Participation in resolving issues and managing risks that may arise in the project. Maintaining the stability and reliability of the project by minimizing issues through discussions of appropriate risk management measures.

Roadmap

  • Teaser Site Open

    • FNCY Governance Teaser Site
    • FAM intro and process TBA

  • FAM Governance

    • FAM operation policy
    • Selection of first validators
    • Testing of the Governance Portal Testnet

  • Announcement of 1st Validator Group List

    • Governance Council Open
    • Governance Portal Site Open

COMING SOON

The FNCY Governance will be announced soon.

Participate directly in the decision-making process of the FNCY ecosystem.