Reconstruction of Token Mechanism Under the Shadow of Plummeting Prices
After the plummet of the FF token in September 2025 exposed issues of distribution imbalance, the project party publicly disclosed a detailed distribution framework for the total supply of 10 billion tokens: 35% for ecological development, 32.2% controlled by the foundation, 20% allocated to the core team, 8.3% for community airdrops and Launchpad sales, and the remaining 4.5% allocated to early investors. This structure achieves checks and balances through independent supervision by the foundation, and the team’s share is subject to a lock-up mechanism to alleviate concerns of sell-offs. Currently, the circulating supply is 2.34 billion tokens, corresponding to a circulation rate of 23.4%, with a 24-hour trading volume of 19.16 million USD and a turnover rate of 7.10%, indicating that market liquidity is gradually recovering.
The staking system activates long-term value
The core value of the FF token lies in the binding of governance and revenue: holders can enjoy discounts on USDf minting rates and swap fee reductions after staking, and can also unlock exclusive products such as the Delta-neutral revenue vault. Data shows that the sUSDf returns for stakers are 12% higher than those of ordinary users, and the frxusd-usdf curve pool attracts more funds with an APR of over 20%. By December 2025, the price of the FF token is expected to stabilize around 0.176 AUD, although it is still below the historical high of 0.375 AUD, it has doubled from the low of 0.080 AUD.
Value closed loop of ecological synergy
The FF token forms a connection with the dual-token system: the circulation scale of USDf at $1.6 billion provides a stable foundation for staking, while the sUSDf with a 9.30% APY feeds back into the returns of FF staking. After the RWA engine goes live in 2026, tokenized returns from corporate bonds and private credit will be prioritized for distribution to stakers, forming a positive cycle of 'governance-staking-revenue'. However, caution is needed regarding the limitation of a circulating market value of only $270 million; how to enhance liquidity by listing on six major exchanges will be key to releasing token value.
#falconfinanc @Falcon Finance $FF
