ROBOFabric Protocol (ROBO) Price

1.Project introduction

Fabric's objective is simple: Own the Robot Economy. Fabric, at its core, is about an open system where anyone can help coordinate, supply and operate robots to be deployed in real-world settings. and share in the returns from automation. Infrastructure built by Fabric is a coordination and allocation layer for robotic labor, enabling participants to access network services and contribute to robot deployment.

Fabric functions like a marketplace infrastructure layer, where it coordinates participation to available work, and settles fees in ROBO based on verified task completion.

2.Token application and distribution

Token application

ROBO is the core utility and governance asset of the Fabric Foundation and is instrumental in the non-profit's mission.

Token distribution

Investors: 24.3%, 12-month cliff, 36-month linear

Team and Advisors: 20.0%, 12-month cliff, 36-month linear

Foundation Reserve: 18.0%, 30% at TGE, 40-month linear for remainder

Ecosystem and Community: 29.7%, 30% at TGE, 40-month linear; Proof of Robotic Work

Community Airdrops: 5.0%, 100% at TGE

Liquidity Provisioning and Launch: 2.5%, 100% at TGE

Public Sale: 0.5%, 100% at TGE

3.Team introduction

Founder: Jan Liphardt

Founding Member: Ali Hindy

CTO: Boyuan Chen

4.Investment institution

Fabric Protocol's investors include Blockchain Capital, 1kx, Offchain Labs, Polygon Studios, and Velocity Capital. The project raised $39 million in Series A and B funding rounds. Key backers also include Niklas Zennstrom's Atomico and Mike Novogratz's Galaxy Digital.