# Phase 2

In June, **$FARA** were officially released, together with the milestone in which **an IDO on Redkite** signified the beginning of Faraland.&#x20;

After IDO, Faraland had mobilized the total capital of **$2,590,000**.&#x20;

In the same month, Faraland launched its brand new feature - **Staking** which empowers users to stake $FARA for the objective of gaining **EXP rewards** for NFT Heroes and **$FARA**.


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