# Tokenomics

## $F1 token (BEP-20)

{% hint style="info" %}
**$Token address**: 
{% endhint %}

| Breakdown    | Details        |
| ------------ | -------------- |
| Token Name   | Formula Racing |
| Token symbol | F1             |
| Total supply | 10,000,000     |

<table><thead><tr><th>Pool</th><th width="162.33333333333331">Percentage</th><th>Vesting schedule</th></tr></thead><tbody><tr><td>Token Presale</td><td>28</td><td>Unlock 100% after Fairlaunch end</td></tr><tr><td>Liquidity</td><td>14</td><td>Lock for 1 years</td></tr><tr><td>Ingame Rewards</td><td>30</td><td>Unlock 25% at TGE, Vest linearly in next 24 months</td></tr><tr><td>Event rewards</td><td>5</td><td>Unlock 8% at TGE, Vest linearly in next 21 months</td></tr><tr><td>Partners and KOL</td><td>3</td><td>Lock for 1 month then vest linearly in 2 year</td></tr><tr><td>Community Building</td><td>5</td><td>Vest linearly in 2 year</td></tr><tr><td>CEX listing</td><td>10</td><td>Lock for 2 months, Then vest linearly in 10 months</td></tr></tbody></table>

## How can we reward users?

Most of all, we have a reward pool which is will take a large amount of Tokenomics to reward users

Also Tokens used to pay rewards will come from trading tax.

A large amount of tokens coming from the trading tax will go directly to the reward pool. Thereby creating a daily reward fund for events, mini-game winners, airdrop winners,...

Expanding the user network to maintain well the bonus funds, community development funds and maintaining charitable activities will be the top priority to bring $F1 to the heights it deserves

## 🚫No Team tokens

**If there are no team tokens, how will the team earn money and sustain the project?**

We have decided that it is important to leave the chart unaffected by team tokens. Preserving the value of your rewards tokens means more players will join and F1 economy will last. This is the reason why we do not allocate team tokens.

{% hint style="success" %}
The positive effect is Threefold:&#x20;

1. No team tokens = No chart dumping from team
2. More tokens allocated to grow F1 ecosystem
3. If there is low trading activity on the platform, it motivates the team to expand the reach of F1 to attract new users constantly.&#x20;
   {% endhint %}


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