Folks Finance Tokenomics: 35% will be allocated to the community, 10% will be allocated to core contributors

Jinse Finance reported that Folks Finance has announced the tokenomics for the FOLKS token. The total supply of FOLKS tokens is 50 million, with an initial circulating supply of 12,700,475 tokens. Of this, 35% will be allocated to the community, 24.73% will be used for ecosystem growth, 10% will be allocated to core contributors, 21.83% will be allocated to seed supporters, 4.94% will be allocated to strategic supporters, and 3.5% will be allocated to advisors. Community members can choose to claim rewards immediately or opt for a linear unlocking option to receive higher rewards over time. Supporters, core contributors, and advisors are all subject to initial lock-up and vesting periods, ranging from 12 months to 30 months.