Flash Trade Opens $FAF Claim for NFT Holders, Allocates 80% of Supply to Community

The claim for $FAF, the native token of Solana-based derivatives platform Flash Trade, is now open to eligible NFT holders. Following 15 months of development without external funding or VC backing, the team has unveiled full tokenomics. Of the 1 billion total supply, 80% is allocated to the community, primarily NFT holders, with a focus on Flash Beast owners.

The protocol runs a decentralized exchange for spot and perpetual with up to 100x leverage, built on a peer-to-pool model.

Beast NFT Holders to Receive Majority Allocation

Flash Beasts NFTs that initially bootstrapped liquidity for the exchange have served as trading accounts with built-in benefits, including real yield, fee rebates, and evolving reward tiers. As part of the tokenomics rollout, holders will be able to convert their NFTs into $FAF tokens through a claim mechanism launching today.

According to Flash, holders will have two options when claiming: a “Burn & Stake” route automatically stakes the full token allocation for rewards, or a “Burn & Claim” option allowing for unstaked withdrawal with a 5% penalty.

Flash Trad’s Beast Collection is trading at a 2.3 SOL floor

Staking and Voltage Points Introduced

With the transition from NFT-based rewards, Flash Trade is also introducing a staking mechanism to distribute $FAF-based incentives. A total of 96 million tokens, 9.6% of the supply, have been allocated for staking rewards during the first year. The reward program is structured around 30-day epochs, and users who stake their $FAF will be eligible to earn rewards based on the time and amount staked.

In addition, the platform is launching an activity-based system called Voltage Points. These will be accumulated based on user engagement, such as trading volume, referral activity, and liquidity provision, and are designed to determine rank-based multipliers at the end of each epoch. Higher ranks may translate into increased staking rewards.

Governance to Be Led by Prediction Markets

Flash Trade has committed to a futarchy-based governance model, joining a small but growing group of Solana protocols experimenting with the system, which was pioneered by MetaDAO. In this model, prediction markets are used to help guide key decisions, including those related to future product directions and token parameters.

According to the tokenomics framework, even the team’s token allocation will be subject to a community vote through futarchy governance.

 

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