As part of an operational update, the Foundation will implement a supply alignment process relating to a portion of the Community allocation that was already included in the published FOLKS token release schedule but has not yet been minted on-chain.
At the time of launch, part of the Community allocation had been reserved for a specific ecosystem and community initiative contemplated within the original tokenomics framework. As that particular initiative did not ultimately require distribution of the allocated tokens, the corresponding portion of the Community allocation remained unminted on-chain.
To ensure that the on-chain state accurately reflects the published release schedule tracked by major data providers, the Foundation will now align the on-chain implementation of this allocation with the original release schedule.
As an initial step, the Foundation will mint the amount corresponding to the first seven months of the originally contemplated release schedule. Thereafter, the remaining portion of this allocation will be minted through monthly releases that mirror the balance of the original 60-month schedule.
All tokens minted as part of this alignment process will be transferred directly to the Community Treasury. These tokens will remain within the Community allocation and will not be distributed as part of the alignment process.
It is important to note that this alignment process does not increase the total supply of FOLKS beyond the amount originally defined in the tokenomics. No additional tokens are being created. Rather, a portion of the existing Community allocation that was already included within the predetermined supply schedule is being minted on-chain and assigned to the Community Treasury for potential future use.
While these tokens will become visible within the on-chain supply and may increase the theoretical circulating supply reported by certain third-party data providers, they will remain held by the Community Treasury and are not intended to enter actual market circulation as a result of this update. Accordingly, the Foundation does not expect this alignment process to have any practical impact on the market availability of FOLKS tokens.
Any future use of these tokens would remain subject to the governance processes, policies and strategic objectives applicable to the Community allocation.
This alignment process is intended solely to ensure that the on-chain implementation accurately reflects the timing and amounts contemplated by the original release schedule. It should not be interpreted as a modification of the tokenomics, allocation structure or future distribution plans.
Accordingly, this update should be viewed as an operational and transparency measure designed to align the on-chain supply with the previously communicated release schedule and provide a more accurate representation of Community-allocated tokens.
This update does not modify the tokenomics, allocation percentages, vesting schedule or overall supply structure previously communicated to the community. It simply aligns the on-chain implementation with the existing tokenomics framework.
No action is required from token holders.