$FLAY

FLAY is the token of Flaunch.

CA (Ethereum) : 0xf1a7000000950c7ad8aff13118bb7ab561a448ee
CA (Base)     : 0xf1a7000000950c7ad8aff13118bb7ab561a448ee

Bridge between Base and Ethereum without slippage at superbridge.app. For faster bridging (and fees) an option is debridge.finance.

The Flaunch protocol has the option for a fee switch that can be turned on by FLAY holders through onchain governance. The fee switch, if activated through approval by FLAY holders, would collect up to 10% of the Flaunch protocol's trading fees.

The governance steps for activating the fee switch are documented in Protocol Fee Switch.

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FLAY has migrated from NFTX and FLOOR

With a total supply of 1,000,000,000 tokens, FLAY has been carefully distributed to ensure long term sustainability and fair governance.

Treasury Allocation : 30% (300,000,000 FLAY)

• Onchain Governance : 20% (200,000,000 FLAY) controlled by the DAO, with onchain governance to be established. These tokens will be used for future incentives or initiatives, subject to community votes and will remain non-circulating until unlocked by future DAO governance.

• Foundation-Controlled Reserves : 6% (60,000,000 FLAY) reserved for operational uses, such as liquidity provision, growth initiatives, and hiring future contributors.

• Token Liquidity : 4% (40,000,000 FLAY) used for liquidity provision on centralized and decentralized exchanges.

Flayer Contributors : 20% (200,000,000 FLAY)

Allocated to Flayer Ecosystem Contributors. These tokens will be unlocked following a 6 month cliff from TGE (25th September 2024) vested over 2.5 years.

In addition to the cliff and vesting period, contributor tokens that have completed both the cliff and vesting periods will only be distributed if the FLAY token reaches $75,000,000 FDV (based on a 7-day time-weighted average, per CoinGecko). This unlock schedule will ensure that contributors are fully aligned with the project's long-term growth.

FloorDAO & NFTX Token Migration : 50% (500,000,000 FLAY)

FLOOR and NFTX tokens can be swapped for FLAY through migration.

NFTX Holders : Allocated 33.35% (333,500,000 FLAY) of the total supply. Of these tokens, the final circulating amount depends on the amount of NFTX tokens migrated.

FloorDAO Holders : Allocated 16.65% (166,500,000 FLAY) is reserved for FloorDAO holders. Of these tokens, the final circulating amount depends on the amount of FLOOR tokens migrated.

Understanding $FLAY in relation to Treasury Funds, Buybacks, and Governance

It’s helpful to start by separating two things that are often mentally linked, but in practice operate independently: the Flayer Foundation treasury and the market capitalization (or fully diluted value) of the $FLAY token.

The Foundation treasury is simply the capital held and managed by the Foundation itself. The $FLAY FDV, on the other hand, is a market metric derived from token supply and price. While both relate to the same ecosystem, they are not designed to track one another, and movements in one do not automatically imply changes in the other. As a result, the size of the Foundation treasury should not be interpreted as being representative of, or proportional to, the token’s FDV.

At the moment, the Foundation uses revenue generated from certain liquidity positions—such as those associated with NFTX and the FLAY liquidity pool on Uniswap—in a specific, discretionary way. That revenue is periodically used to purchase $FLAY from the open market. These purchases are executed using TWAP-based strategies via CoWSwap, which helps spread execution over time rather than concentrating it at a single price point. It’s important to note that this approach reflects a current operational choice rather than a fixed protocol rule. There is no guarantee that this mechanism will continue indefinitely, and it can be adjusted or discontinued by the Foundation as circumstances evolve.

In terms of longer-term, token-holder–governed value flows, the protocol already includes a different mechanism: the fee switch. While this fee switch is currently disabled, it can be enabled through a governance vote conducted on Tally.xyz. If activated, protocol fees would begin flowing into a treasury that is directly governed by $FLAY holders via on-chain voting. In that setup, decisions around the use of those funds would be made collectively through governance rather than through Foundation discretion.

Taken together, this means there is a clear distinction between what exists today and what can exist through governance. The Foundation treasury and its current use of LP revenue operate independently from token market metrics, while the fee switch represents the path toward a fully community-governed treasury structure, should token holders choose to enable it.