> For the complete documentation index, see [llms.txt](https://guide-faraland.gitbook.io/guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide-faraland.gitbook.io/guide/get-started-with-faraland/faraland-basic-information/tokenomics.md).

# Tokenomics

## **Token Information**

Token Name: FARA Token (FaraCrystal)

Ticker: FARA.

Blockchain: Binance Smart Chain.

Token Standard: BEP-20.

Contract: 0xf4ed363144981d3a65f42e7d0dc54ff9eef559a1

Token type: Utility, Governance.

Total Supply: 100,000,000 $FARA.

## **Token utility**

* Hero stats reset
* Lady of the Lake
* Change the hero’s name
* Trade in equipment marketplace
* Craft items
* Create Guild
* Stake to join FaraStarter
* Vote for various Parameters
* Stake to level up Heroes
* Upgrade equipment

## Allocation & Distribution

Angel round 3,6% at 0.05%/FARA = $180.000

TGE 10%, lock for 2 months, linear vesting over 6 months

Founding community 8% with price $0.075/FARA = $600.000 lock 1 month, then 10%, then lock for 6 months, linear vesting over 8 months

Seed 2% with price $0.01/FARA = $200.000

TGE 10%, lock for 1 month, linear vesting over 7 months

Private sale: 9.4% with price $0.15/FARA = $1.410.000

TGE 15%, lock for 1 month, linear vesting over 7 months

Public sale 1% with price $0.18/FARA = $180.000

TGE 100% 

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Advisor & team: 15% - 6 months full locked, them 25% Quarterly

Foundation: 20%

Marketing & Partnership: 5%

Game Incentives: 22%

Airdrop: 3%

Liquid & Listing: 11%

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**\*All funding rounds have been distributed** 

\*All tokens from Team and Foundation corresponding to [29.8M Fara will be burned](https://blog.faraland.io/2023/01/04/fara-token-burn-announcement/) in 2023

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