Introduction to FEPC Economic Model

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Token Name: FEPC

Total Token Supply: 100,000,000

Mining Rewards: 100,000,000

The native token of the Future Economy Pay System is called FEPC and can be divided into 10^9. FEPC is crucial for the stability and security of the Future Economy Pay System platform, for the following reasons. The tokens will be issued according to a predetermined and hardcoded plan. There is no initial coin offering (ICO), no pre-mining, and no coin distribution or any other hidden incentive mechanism for developers. After the launch of the Future Economy Pay System mainnet, all FEPC tokens will be provided according to the emission plan. To ensure the smoothness of the emission process, we use the following formula for block rewards:

Base reward = (MSupply – A) >> 18

Figure 2 FEPC Emission Schedule Table

The token will continue to inflate until the end of mining, and will completely stop mining at height 100,000,000. The mining fees generated by on-chain transactions will be fully included in the block and obtained by the block producer. At that time, there will be no additional rewards for mining, only transaction fees included in the block.

After the end of mining, the token will undergo a hard fork to switch to the PoS algorithm. The block time will be adjusted to 10 seconds, and there will be no additional rewards for mining, only the mining fees for that block. Validators will be nominated as validation nodes through community voting. If there are any block issues caused by node failures, the validator’s entire staked tokens will be forfeited as a penalty.