> For the complete documentation index, see [llms.txt](https://forthbox.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://forthbox.gitbook.io/whitepaper/tokenomics.md).

# Tokenomics

### **$FBX** **Token (Governance Token)** <a href="#lillroxt3y07" id="lillroxt3y07"></a>

What is $FBX token?

$FBX is a utility token of the ForthBox platform that was built on BEP20, it will also be the governance token of the to-be-launched ForthBox DAO. $FBX token is used for all interactions within the ForthBox ecosystem. ForthBox is going to build a multi-chain platform, initially starting to develop on the BNB Smart Chain (BSC). ForthBox NFT uses ERC1155 and ERC721 standards for storage and trading.

BEP20 Contract Address: [0xFD57aC98aA8E445C99bc2C41B23997573fAdf795](https://bscscan.com/token/0xFD57aC98aA8E445C99bc2C41B23997573fAdf795)

### Issuance proportion <a href="#azmbbootgu4p" id="azmbbootgu4p"></a>

Token Name: FBX

Protocol: BNB Smart Chain

Standard: BEP 20

Total Supply: 1 billion, no additional issuance

\*Distribution proportion pie chart

![](https://1877836733-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLg89uTPlruLnQNSpTAok%2Fuploads%2Fkw1xoMPzLcyYc6ErmHuv%2Fimage.png?alt=media\&token=138a670c-38ea-45bc-b9b0-7dafc7559547)

### Application scenarios <a href="#uw4kaxk6galb" id="uw4kaxk6galb"></a>

![](https://1877836733-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLg89uTPlruLnQNSpTAok%2Fuploads%2FI0FMgUj6jxw5aCwD9iYS%2Fimage.png?alt=media\&token=99b835ac-afcb-44eb-9f3d-3bbe16b03639)

### Repurchase and Burning mechanism <a href="#ytucsrv61gz2" id="ytucsrv61gz2"></a>

In principle, 80% of revenues from games along with 40% of revenues from Ham feeding will be allocated to the "Automatic Repurchase and Burn" pool measured in $USDC. Our smart contract will check the average price of $FBX over the past 72 hours. Whenever the price is below the 72 hour average, the smart contract is triggered, with the funds in the repurchase pool converted to $FBX tokens and burned simultaneously.

![](https://1877836733-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLg89uTPlruLnQNSpTAok%2Fuploads%2FASDFfTY1KridhPhgHjQC%2Fimage.png?alt=media\&token=257454ee-7f78-4a5a-8611-a672ab296276)

**\*Burning mechanism**

When the $FBX market price is lower than the 72-hour average, it will trigger the repurchase system. $1000 USDC as a unit of purchase each time, and it is retrieved 2 times every 1 hour. The maximum trigger is 48 times per day, and the total amount is 48000 USD.