$FATE FAQ
1.Q: What is the fundamental design philosophy behind
$FATE*?*
A:
$FATE is described as simple in its design, yet novel, with the purpose of demonstrating that a collective can rise together by following a few simple, contractually enforced rules.
2.Q: How is
$FATE related to the broader LabNinety1 ecosystem?
A:
$FATE is presented as yet another piece of the LabNinety1 ecosystem, emphasizing that it’s all connected
3.Q: Can the rules governing
$FATE be changed or deviated from?
A: No, deviation from the rules is impossible with
$FATE because it’s written in the contract
4.Q: On which blockchain network does
$FATE operate?
A:
$FATE is a token on the Avalanche Network
5.Q: What is the total supply of
$FATE tokens?
A: The total supply of
$FATE is 9.1B
6.Q: How is the initial supply of
$FATE allocated?
A: Approximately 5.98B
$FATE is reserved for presale and partnerships, and approximately 3.12B
$FATE will be added to liquidity and locked at launch
7.Q: How many smart contracts are associated with
$FATE*, and what are their roles?*
A: There will be three contracts for
$FATE: the
$FATE token contract, a proxy price monitoring contract for accurate price feeds, and the
$FATE/
$FLD LP contract for automatic liquidity building
8.Q: What is the purpose of the proxy price monitoring contract?
A: The proxy contract enables whitelisting of qualified and legitimate pairs to ensure accurate values, preventing attempts to manipulate price
9.Q: What is the concept of "price floors" in the
$FATE contract?
A: The $FATE contract monitors the token price, and as it rises through 2,652 predetermined price floors, the contract will not allow a retreat back to previous floors through specific mechanisms
10.Q: What is the ultimate target price for $FATE according to the price floor mechanism?
A: The final iteration of the price floors sets the price of $FATE at $1, representing a $9.1B Market Cap
11.Q: How far apart are the predetermined price floors?
A: These price floors are less than 0.5% apart, allowing for realistic expectations of performance
12.Q: What happens to the price movement of $FATE once it surpasses the final price floor?
A: Once $FATE surpasses the final price floor, the contract allows for the token to move freely and organically above that final floor
13.Q: What is the "correction constraint" implemented in the $FATE contract?
A: Once the price surpasses a floor, it cannot drop below 12% of that floor. If it reaches a 12% correction, the contract disables DEX sell functionality until it reaches the next highest price floor
14.Q: What is the tradeable price range for $FATE relative to a price floor?
A: The tradeable range for $FATE is 12% below the current floor and just under 0.5% above it
15.Q: If DEX sell functionality is disabled due to the correction constraint, what alternative trading option is available?
A: OTC trading will be open and enabled 100% of the time via the PASS OTC protocol, even when DEX sells are disabled
16.Q: What is the PASS OTC protocol and who developed it?
A: PASS OTC is a protocol developed by LabNinety1 to enable “quiet” trades of any token on Avalanche
17.Q: What is the primary function of the $FATE*/*$FLD LP Contract?
A: This contract will provide perpetual market buy functionality and execution for $FATE
18.Q: How does the $FATE*/*$FLD LP Contract build liquidity?
A: The contract collects $FLD emissions by being staked on the LabNinety1 $FLD Staking Contract, and it periodically sells $FLD for $FATE, then pairs them to create and stake the locked LP
19.Q: Are there any restrictions on when the $FATE*/*$FLD LP Contract can sell $FLD*?*
A: Yes, the contract cannot sell $FLD when its price is down in the previous 24 hours. It can sell a small percentage of $FLD's circulating supply if $FLD has experienced an uptick in price