Fairside
  • Overview
    • The Problem: We Lack Consumer Protection
    • The Solution: Community Aligned Coverage
    • Vision & Mission
  • Membership and Coverage
    • Membership Signup
    • Covered Assets
    • Covered Events
    • Not Covered
    • Platforms Covered
  • Claims and Valuations
    • Valuation of Loss
    • Claims Assessment
    • Claims Process
  • Capital Pool and $FAIR Token
    • Capital Pool
    • What is $FAIR?
    • How $FAIR Works
    • Benefits of Holding $FAIR
  • Technical Overview
    • $FAIR
    • Fairside network
    • Fairside Claim Process
  • Solution Design
    • Capital Pool: Bonding Curve Overview
      • Fairside Bonding Curve
      • Bonding phases
      • Funding Pool
      • Bonding Curve Formula
      • Bonding Curve Safeguards Mechanisms
    • Fairside Network
      • Fairside Network Model
      • Membership details
      • Membership fee distribution
    • Fairside Claim Process
      • Cost Share Benefits
      • Claim & appeal process
  • Resources
    • FAQ
    • Audits
    • Bug Bounty
  • Fairside SDK
  • Policies
    • Terms of Sale
    • Terms of Use
    • Privacy Policy
    • AML Policy
    • Fairside Network Guidelines and Membership Agreement
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  1. Capital Pool and $FAIR Token

What is $FAIR?

$FAIR is a utility token issued by Fairside to represent a member's contribution to the capital pool. When members deposit ETH into the fund, they receive $FAIR tokens in return. These tokens serve multiple purposes:

  • Receipt of Contribution: $FAIR tokens act as a digital receipt for the ETH that a member has contributed to the capital pool. This creates a transparent record of each member’s stake in the pool.

  • Stake in Capital Pool Performance: Holding $FAIR tokens also represents a stake in the pool's overall performance and potential growth. The value of $FAIR tokens fluctuates based on the health and size of the fund, reflecting the dynamic nature of the crypto market and the fund’s adaptability.

  • Governance and Voting Rights: $FAIR tokens will also grant members the ability to participate in governance decisions within the Fairside ecosystem. Although not initially a feature, once the platform is stable and a community established we will make governance public. This ensures that all members have a say in key decisions, such as changes to coverage policies, pool management strategies, and more.

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Last updated 6 months ago