EFK ERC20 token is based on Ethereum and represents a utility token. The EFK tokens do not represent a share in a company, property or other security. All tokens, i.e. 4,000,000,000 EFK tokens, are preloaded and their distribution is predefined. The entire process and distribution of tokens are transparent thanks to the Ethereum smart contract. The maximum number of EFK tokens is defined as 4,000,000,000. 80% of tokens will be distributed among buyers in the crowdfunding phase. 10% of the tokens will be divided between the members of the ReFork team. 6% remains in the company itself. Team member tokens will be locked for 6 months after the end of IEO. Bounty tokens, which represent 4% of the total number of tokens, will be divided into two distribution phases. The first 50% of the bounty tokens (2% of the total number of EFK tokens) will be distributed according to the bounty program designed for before and during crowdfunding. The remaining 50% (bounty tokens) will be distributed on the basis of the bounty programme and the activities whose structure and rules will be presented NUMBER OF ISSUED TOKENS 4,000,000,000 EFK DISTRIBUTION Holders 80 % | Company 6 % | Team & Advisors 10 % | Bounty 4 % Distribution of the token and basic information during the implementation of the project itself. With this multi-phased distribution of tokens, we will ensure that our community is motivated to participate in the promotion of ReFork even after the fund raising phase. All unsold tokens during the IEO will be immediately burned and together with them the tokens for team members, company and bounty will be proportionally burned with them.
The function of the EFK token
1. Community
2. Buy back
3. Partner
4. Ecological kickstarter
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