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ESCROW LOCKS

To ensure security and transparency, the well-known third-party escrow service Team Finance was used to lock FLEME tokens from both the Marketing and Dev wallets.

Who is Team Finance?

Team Finance is one of the most trusted platforms in decentralized finance for securing liquidity and token allocations. Trusted by over 35,000 projects, Team Finance has locked more than $2.75 billion USD in assets across more than 26 blockchains (link).


Their services include liquidity and token vesting locks, staking pools, multisender tools, and other crypto-critical functions. All of these are built with security and transparency in mind. By locking tokens with Team Finance, projects like Flemecoin provide public assurance that core funds are protected from misuse, rug pulls, or sudden dumps.


Learn more at team.finance

How to View The Team Finance Escrows

Summary
 

  • The details of the escrow, including the scheduled releases, can be seen by watching the escrow creation video here.  Team Finance only allows the details of an escrow to visible to the creator. To allow those details to be seen publicly, the escrow creation was recorded live.
     

  • The Marketing and Dev escrows can be seen be visiting the Team Finance site with the steps below.
     

Viewing Escrow Basics
 

  • Visit the Trade.Finance link here.
     

  • Click the "Token Vesting" link shown below:

TeamFinanceFlemeStep1.png

Marketing Escrow

90 million Fleme tokens were locked in escrow at launch, with a release schedule of 10 million tokens every 30 days to the Marketing wallet. There is no way to predict when a large expense, such as the liquidity requirements for large exchange listing, will occur. To support those needs while maintaining safety, the Marketing Escrow policy was formed 
 

Dev Escrow

All 30 million Flemecoin Tokens belonging to the Dev Wallet were locked in escrow at launch, with a release schedule of 10 million tokens every 30 days to the Dev wallet.
 

Marketing Escrow Policy

Team Finance does not currently support adding or returning tokens to an existing escrow. Therefore, a new lock contract must be created each time  funds need to be re-secured. In the absence of a multi-sig wallet solution, a practice of creating new escrows will continue indefinitely to minimize risk and ensure transparent accountability according to the following policy:

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If the Marketing Wallet ever reaches 6% of the total supply (or sooner, if needed to maintain community trust), and there is no documented marketing expense or justification for reserve savings, then all tokens above 1% of the supply will be moved into a new escrow contract with Team Finance, or similar solution approved by the community.

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For example, if the wallet grows to 6% of supply with 60 million tokens, and there is no defined need for them, 50 million will be escrowed, leaving 10 million (1%) available for near-term marketing needs. The new escrow contract may follow a different release schedule depending on expected marketing requirements. All details will be clearly communicated in advance with the community.
 

If marketing funds are ever deemed unnecessary, marketing tokens will be burned.
 

All current and future marketing expenses will be clearly communicated with the community and documented on this site (blog page pending).

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