Flan (FLN)
This token will be minted on a per-block basis and is the rewards token to incentivize stakers. Flan will be market-backed by a portion of the SCX minted for every new token listed, and the remainder of the SCX minted will be burned. The purpose of Flan is that it provides a utility to distribute rewards and the DAO itself will be able to govern the levers of distribution such as the APY for stakers.
In the above diagram, A represents the Rectangle of Fairness since it presents the quantum of SCX that on its own, neither inflates not deflates the value of SCX. This means that the area marked by B is excess SCX that needs to be burnt. All that is required is to calculate A.
Last modified 2mo ago
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