FAR Token: A protocol facilitator for NFT and Web3 experiences
FAR Token is a native, fungible token of the Few and Far ecosystem. The token is used to power protocol operations like transactions, NFT trading and tooling, and community rewards.
Development History
FAR Token Development
March 2022
Few and Far establishes its company after receiving a modest grant from the NEAR Foundation and immediately hires engineers to develop its FAR Token and marketplace smart contracts. It also begins developing the front-end and backend for its beta platform. In short order, the team scales to 10+ and starts executing on its product roadmap.
November 2022
The Few and Far Team announces its Platform Beta Release in a demo in front of hundreds at NEARCON 2022 in Lisbon, Portgual. The team also gives a Thought Leadership Presentation on its New NFT Standard that Gives Back Control to Creators. The team was also featured in an exclusive CoinDesk Interview - sharing its vision of onboarding a billion users into Web3.
May 2023
Few and Far rolls out its Platform V2 and a major software upgrade with new features such as easy-to-use onboarding, fiat integration, minting solutions, and a launchpad. It also showcases digital collections from the world's most beloved brands during Art Basel at NEAR Miami, including household Web2 brands like Nickodeon, Star Trek and Top Gun.
August 2023
In early July, Few and Far experienced a business disruption that paused its development. In late August, the company took successful steps to resume operations, which included reinstating the platform, hiring new engineers, shipping new product features, and sharing community updates.
What is FAR Token?
Here's a transparent look at our contracts on-chain:
View the token contract on NEAR's public blockchain at accounts starting with fewandfar-protocol.
*FAR Token does not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Few and Far platform, the company or any affiliate of the company.
The tokens are not intended to be a loan contract, currency, security, commodity, or any kind of financial instrument.
With respect to the Informational Materials, the platform, third-party agreements and the tokens, the company specifically does not represent and warrant and expressly disclaims any representation or warranty, express, implied or statutory, including without limitation, any representations or warranties of title, non-infringement, merchantability, usage, suitability or fitness for any particular purpose, or as to the workmanship or technical coding thereof, or the absence of any defects therein, whether latent or patent.
The Company may at any time, in its sole and absolute discretion, modify the design, manner and terms of the Token, the integration of the Tokens into the Platform's design and functionality, the timing, manner and terms of allocation of Tokens and the design, manner and provisions of the Information Materials.
Use Cases
2% of NFT marketplace fees are generated and converted into FAR tokens to fuel the ecosystem.
Token airdrops are used to incentivize organic community growth and cross-chain liquidity.
Protocol “taxes” and then burns FAR transactions to maintain healthy supply.
Marketplace fees are used to buyback FAR and contribute to community initiatives.
FAR Token Holders get access to allowlists to own exclusive digital collectibles.
Enterprise partners pay a 5% API fee to mint and launch NFT collections.
Token Design (aka Tokenomics)
FAR Token's has a fixed-supply of 500,000,000 total units—allocated to dedicated sub-wallets on NEAR's Blockchain—to fund various initiatives, including airdrops, protocol rewards, and protocol development.
*The Few and Far Team is preparing for the long haul. All Team members elected not to receive individual FAR Token grants to demonstrate our commitment to Few and Far.
FAR Token Distributions
Usable FAR Tokens dedicated to airdrops, community rewards, and other forms of distribution will become available in a contract-based unlock (unlike monthly batches) on NEAR's blockchain after the token listing.
If you think you may be eligible for a distribution, email team@fewandfar.xyz with the subject line: “Am I Eligible for a FAR Token Distribution?”, and share any relevant information with us so we can best support.
Usable FAR Tokens dedicated to airdrops, community rewards, and other forms of distribution will become available in a contract-based unlock (unlike monthly batches) on NEAR's blockchain after the token listing.
If you think you may be eligible for a distribution, email support.team@fewandfar.xyz with the subject line: “Am I Eligible for a FAR Token Distribution?”, and share any relevant information with us so we can best support.
Few and Far Roadmap
Learn about our upcoming token launch and new products in 2024 - plus the history of Few and Far's development.
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