# $FER Token (Ecosystem)

### $FER Token

Ferris is the token used in all games as the major reward and main utility token. Ferris is the native token for the Ferris Labs ecosystem. 

### Ecosystem Token: $FER (Fixed Supply / Token Sale)

**Token Type:** SPL

**Ticker:** FER

**Token Name:** Ferris

**Total Supply:** 100,000,000\*

**Initial Circ. Supply:** 3,300,000\*

**Initial Market Cap.:** 1,320,000 USD\*

\*subject to change prior to launch

**Supply & Distribution**

| Distribution                                                 | %      | Vesting                                                                             |
| ------------------------------------------------------------ | ------ | ----------------------------------------------------------------------------------- |
| **Investors**                                                | 1**7** | 10% unlocked TGE; 90% linear monthly unlock for 36 months                           |
| **Team**                                                     | **17** | Locked for 12 months; 100% monthly linear unlock for 36 months                      |
| **Airdrop**                                                  | **1**  | Locked for 3 months; then 25% every 3 months                                        |
| **Ecosystem Incentives**                                     | **20** | Locked for 1 month; then 30% unlocked on 2nd month, 10% monthly linear distribution |
| **Treasury, Staking & Rewards; Reserve, Yield Farming, DAO** | 45     |                                                                                     |

### **$FER Utility**

* Settlement
* Rewards
* Staking
* Upgrades
* Minting
* Wagering
* Dispute Resolution

**$FER Buy Back Mechanisms**

1. Collection for Loot Box Enhancement
2. Upgrading Items
3. GameFi Mechanisms
4. Ecosystem Fees


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