Foresight News announced that the art creation and collection platform fxhash has launched its official token FXH to support a new on-chain economic model between artists and collectors. The total supply of FXH is 1 billion, with the allocation plan as follows: 40% community airdrop (32% for early users, 8% for partner communities, both with no lock-up period), 30% ecosystem fund and liquidity pool, 30% for the team and investors (1-year lock-up, 3-year linear vesting).
Users' FXH allocation is based on their historical consumption, sales revenue, number of artist collections, and activity on fxhash. FXH is not only a governance token, but also the foundation for artists to create $artist tokens, aiming to incentivize and provide sustainable liquidity support for artists' creation through tokenization. fxhash will launch the $artist token issuance platform in Q1 2025, providing no-code tools for artists to design tokens and connect with collectors.
