FTToken has multiple in-app currencies. These encourage positive community engagement, reward community members for contributions, and grow the platform.
FT-Tokens
FT-Tokens are the primary currency used on the platform.
Use them to purchase services or apps.
Earn them through membership, referrals, and app contributions.
Using FT-Tokens
- Standard apps cost 1 token per month, premium apps cost more.
- Similar to kickstarter -> incentivise builders to implement things by adding tokens to features or new app ideas.
- Tokens can be exchanged for money at any time.
How do I get FT-Tokens?
1. Become a Member
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Individual Subscriptions
- $5 per month (5 FT-Tokens)
- $20 per month (20 FT-Tokens)
- $100 per month (100 FT-Tokens)
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Business Subscriptions
- $500 per month (500 FT-Tokens)
- $5,000 per month (5,000 FT-Tokens)
- $50,000 per month (50,000 FT-Tokens)
You can cancel your subscription at any time
2. Referrals
Earn tokens by refering people or businesses to the platform. You get a percentage of their revenue forever:
- 30% their first year
- 20% their second year
- 10% thereafter
3. Contribute to Apps
Builders get a percentage of an app’s revenue less infra costs forever:
- 60% from first year members
- 65% from second year members
- 70% thereafter
Write FAQs or provide support to the community to get a share of support revenue:
- 5% of all app revenue is added to the support pool
FT-Gems
Music royalties are paid to artists every time a song is played.
They don’t get paid once for creating something digital.
Software engineers are paid once, and value goes to corporations forever.
We are changing this. FT-Gems are a way to earn royalties for building software.
How Gems Work
Contribute to an app to get that apps gems. Gem holders get a percentage of app revenue forever:
Your Monthly Earnings = App Monthly Earnings × (Your Gems For That App / Total Gems For That App)
App Revenue
Revenue from Members
- Standard apps cost members 1 token per month, premium apps cost more
- Apps may earn revenue from other sources
For each 100 tokens spent, the following is paid out:
- First Year Members using the app
- $60 less infra costs to Gem Holders
- $30 to sales for referrals
- $5 to support pool
- $5 to FTToken Inc.
- Second Year Members using the app
- $65 less infra costs to Gem Holders
- $20 to sales for referrals
- $5 to support pool
- $10 to FTToken Inc.
- Subsequent Years
- $70 less infra costs to Gem Holders
- $10 to sales for referrals
- $5 to support pool
- $15 to FTToken Inc.
How do I get Gems?
Contribute to any app on the apps page, or share your own idea to start an app.
FT-Diamonds
Builders should have a significant stake in “FTToken Inc”. FT-Diamonds convert to “FTToken Inc” stock to ensure this.
Diamonds are earned by contributing to the core platform.
They represent your stake in the platform’s growth and success.
How Diamonds Work
At each round of funding, Diamonds are redeemed for “FTToken Inc” Founder Stock based on the following formula:
- Your Stock Redeemed = (Your diamonds / Total diamonds) × Builder Shares Issued
Key Benefits
-
Straight Equity: This is redeemed for straight equity and not options
- No vesting
- No exercise price
- No expiration
-
Flexible Redemption: You can elect to get cash instead of stock
-
Builder Share Ratio: For every 2 shares issued to the community, 1 share is issued to builders
- Example: The first funding round of $100k will grant $50k in stock to builders
- Each round after will double that amount
-
Builder Protection: Builder Shares converted to cash will be included in the next funding round to ensure builders maintain a strong stake in the FTToken collective.
-
Profits from Founder Stock may not be taxable (Carta QSBS Rules)
How do I get Diamonds?
See list of core platform contributions you can make on the apps page.
FT-Gold
FT-Gold is a universal basic income with unique characteristics that make it different from traditional cryptocurrencies and real gold.
How FT-Gold Works
- FT-Gold is earned by all members of the community by clicking a button
- Unlike other cryptocurrencies that have massive inequality, FT-Gold can only be earned daily by a real person clicking a button
- It’s like each person has a goldmine in their pocket, providing a solid form of value that is limited
Advantages Over Real Gold
- Even Distribution: Real gold is not evenly distributed, but FT-Gold is
- Population-Based: Real gold does not grow/shrink based on population/community changes, but FT-Gold does
- Price Stability: FT-Gold has a negative interest rate, which keeps prices stable and discourages hoarding
- Flexibility: FT-Gold can be converted to FT-Tokens on the platform at any time
- Borrowing: Because it is basic income, lending has zero risk resulting in a low interest rate for people
- Life Insurance: A beneficiary can be listed. If the member passes away, the FT-Gold is transferred to the beneficiary and the beneficiary will receive extra FT-Gold for a period of time
How do I get FT-Gold?
Become a member and click on the “Mine Gold” button in your wallet.
Other Wallet Features
Other wallet features and FTToken Inc. investment options
Currency & Crypto
- Store currency or crypto in a wallet
- Convert tokens to/from currency or crypto at any time
- Monthly earnings from all sources can be converted to desired currency or crypto
- Transfer to/from your bank account or crypto wallet at any time
FTToken Inc. Stock & Bonds
FTToken Inc offers stock and bonds to eligible community members. Please see the founder page to invest in our community platform.