Do you know what is FILDAO?

1.FiLDAO is a second-layer protocol community based on FVM. The joint initiator of FiLDAO is SINSO, an official technical team with a stake in Protocol Lab, the official technology team holding shares. SINSO is also the officially designated development team for the Layer2 protocol, with a 2022 estimated technical team valuation surpassing $150 million USD. The significance and value of developing Layer2 based on FVM became apparent after six months of development since FVM’s official launch in March 2023. With an increasing pain point in the ecosystem, where EVM’s TPS is 15/s and FVM’s TPS is 20/s, the cost of landing the ecosystem is high, and efficiency is low. The optimal choice for optimizing the FVM developer environment is Layer2.

2. What kind of currency is FIL-X? How much is the total amount and how is it distributed?

Answer: FIL-X is about the total amount of incentive tokens for the FVM second-layer protocol: 100 million

Initial issuance: 5% (rewards for project team, developers and founders) released after one year

Public sale: 2% (CONIDO IDE)

Ecological construction: 3% (users support the cooperative development of the side chain ecosystem and partners)

Community Incentives: 70% (used to reward and motivate participants and contributors)

Foundation reserve: 5% (used for long-term development, emergency plans, and ensuring sustainable development---released after 2 years) Minting pool: 10% (used to receive token destruction certificates from the destruction coin pool and cast them in the amount destroyed fil-x) destruction pool: 5%