# FMB Token

![FarmBit Logo](https://462772835-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5jNZ8trUL25ujJXtkWNN%2Fuploads%2Fvdtvb8g38NQnpMiijzdH%2FFrame.png?alt=media\&token=b17c6de1-5dcc-4f9f-83ef-24d033fe0fed)

The FMB token ($FMB) was launched during an initial dex offering (IDO) in December 2021 and has a maximum supply of 200 million FMB tokens, never to be increased. It offered 30%, or 60 million, FMB tokens to initial investors through the IDO process and completely burnt unsold tokens.

Funds raised during the IDO process were majorly used to provide liquidity on Pancakeswap V2 and also to build the FarmBit platform.

FMB is initially on the Binance Smart Chain network but will interoperate with Ethereum, Polygon, Cadano , and other networks.


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