White Paper
Introduction
Fortuneminetoken $FMT is an ecosystem token that focuses on providing passive income to its investors and holders through Automining on the XRPL. The AI Robotic Automining technology used by $FMT ensures the mining process is efficient and profitable without any human intervention.
FortuneMineToken provides an investment opportunity in auto-mining through its token, $FMT.
Investors/holders holding FMT can earn returns based on the profitability of the project relative to their share of $FMT in circulation.
MISSION
Our mission at FMT is to develop and deploy innovative autonomous mining technologies on the XRP Ledger that optimize operations, reduce costs, and minimize environmental impact. We are committed to delivering superior value to our XRP investors/holders and driving positive change in the mining sector through continuous innovation and collaboration.
VISION
To revolutionize the mining industry by providing cutting-edge autonomous solutions that increase efficiency, safety, and sustainability to the $FMT community, while the XRP community being the major player as a whole
PRESALE
During the presale period, 6,500,000,000 FMT token will be available for purchase at a discounted rate of 0.0001 XRP per token. Those who participate in the presale will be eligible for an airdrop. To prevent large holders from causing market imbalances, there will be a moderate distribution ratio used to disburse tokens.
AIRDROPS
Airdrops are into 3 stages and everyone who setup $FMT trustlines and buy FMT will be considered totally.
The first stage of Airdrop of $FMT will be disburse on the 4th of May, 2024.
The second stage of Airdrop of $FMT will be disburse on the 8th of May, 2024.
The third stage, which is the final stage will be disburse 5 days after the end of Presale, and this will come up on the 5th of June.
Further Airdrops date to be announced later.
1st Stage Airdrop: 05/04/2024 9:00 AM
FMT Token Allocated: 150,000,000
2nd Stage Airdrop: 05/08/2024 2:00 PM
FMT Token Allocated: 150,000,000
Presale FINAL STAGE Airdrop: 06/05/2024 9:00 AM
FMT Token Allocated: 400,000,000
BUYBACK
The team will at shortest intervals use part of the presale funds to buy back FMT tokens and burn it, so as to reduce the total circulation of FMT token, maintain and increase the price.
LISTING
The team will work behind the scene to make sure that FMT token is listed on some notable CEX exchanges such as; (Bitrue, Uphold, Binance & Bitpanda)
BURNING
After Presale, all unsold token during presale will be burn. i.e, the remaining token will sent back to the issuer address, which is already been Blackholed.
Burns will occur at intervals when deem fit by the team. This is done to decrease the total supply of FMT tokens and increase it’s scarcity, which will lead to an increase in FMT:XRP value. As this will ensure that FMT tokens remain valuable over time.
TOKENOMICS
The FMT Project aims to maintain the distribution of tokens to the SLR (Surge Liquidity Reserve) without reducing the distribution of profits to investors/holders.
The SLR (Surge Liquidity Reserve) can only increase due to the limited and burnable nature of FMT, with a 10% maximum amount of 1,000,000,000 tokens.
To achieve this, so many plans has been laid in place to make sure that the token in circulation is moderate, and can not harm the price chart.
As a result, the FMT token will have an increasingly higher minimum price, which translates to greater security for investors.
DISCLAIMER
Please note that tokens are not physical assets, but rather digital assets that exist on a blockchain network. Therefore, their value can be highly volatile and can change rapidly. It is important to do your own research and understand the risks before investing in any token or cryptocurrency. Additionally, be aware that there may be regulatory or legal risks associated with owning or trading tokens in certain jurisdictions. It is always recommended to consult with a financial advisor before making any investments.
PRESALE COUNTDOWN
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