A New Chapter for FIAS: Strengthening Long-Term Value

As we move forward with the next phase of FIAS, we are thrilled to announce major updates to our tokenomics that will enhance the long-term sustainability, utility, and visibility of the token. With the latest token distribution now complete, we have made strategic adjustments to the overall supply, vesting schedules, and ecosystem development plans to ensure FIAS remains a cornerstone of the gaming and metaverse economy on DevvExchange.

Increased Token Burn: Total Supply Drops to 300M

In a decisive move to optimize the token supply, we are burning 50 million tokens. This reduction means the total supply will now decrease from 350 million to 300 million. The increase in burned tokens helps reinforce scarcity, supporting the long-term value of FIAS as adoption and utility grow.

All Fias allocations, including SAFTs, public sale & DevvE stakers have now received their full allocation of tokens. This includes a total of 324,452 Fias that was sent to the qualified address of the original Genesis NFT Holders, as a result of users who un-staked their DevvE during the DevvDrop vesting period to forfeit their claim. The users who un-staked DevvE also received their pro rata allocation of Fias as a percentage of the 12 months they remained staking.

Extended Vesting for Ecosystem & Acquisitions: A 6-Year Plan

To further align incentives and ensure long-term ecosystem growth, we are extending the vesting period for ecosystem and acquisitions to 6 years. The updated structure consists of:

1-year cliff, ensuring stability and gradual release of tokens.
5 years of linear vesting, preventing sudden sell pressure and fostering sustained development.

This move strengthens the integrity of the ecosystem by aligning long-term holders and contributors with FIAS’s growth trajectory.

FIAS: A Core Token in Gaming & the Metaverse

FIAS is set to become a key token within digital ecosystems (gaming, metaverse, gig economy, and social applications) via DevvExchange. Our team is actively building on Litcraft and LitLegion, two pivotal pieces that will drive utility and adoption for FIAS. Other third party digital ecosystems (gaming, metaverse, gig economy, and social applications) will also utilize FIAS on DevvExchange.

Our vision remains that FIAS will not only be a store of value but also an essential component of exchange transactions, in-game transactions, rewards, social interactions and digital ownership across multiple platforms.

Increasing Visibility: CoinGecko & CoinMarketCap Renewals

Now that token distributions are complete, our team is actively working with CoinGecko and CoinMarketCap to renew the reporting API and update listing details. This will ensure accurate market data visibility and further enhance FIAS’s presence in the broader crypto space.

With these updates, new markets and investors will gain exposure to FIAS, strengthening its adoption and positioning it as a major player in the gaming and metaverse sectors.

What’s Next for FIAS?

These tokenomics updates mark an exciting new phase for FIAS as we continue to refine its role in the blockchain gaming ecosystem. Here’s what’s ahead:

Deeper integration into gaming, metaverse, gig economy, and social applications.
Strategic partnerships to expand adoption.
Ongoing exchange integration and platform listings to enhance liquidity and market presence.

We’re building something truly groundbreaking with FIAS, and we’re excited to have our community along for the journey. Stay tuned for more updates as we push forward with innovation and adoption!

We are also happy to report that we have accelerated and completed the DevvDrop vesting schedule with the final distributions in the past 24 hours. This marks the end to all public token distributions!