BACC Finance has grown tremendously since the inception of our original 10,000 NFTs.
What does tokenization even mean? To put it simply, tokenization is a process of breaking up a non-fungible asset like real-estate, artwork, and commodities into smaller fungible units. This is an excellent opportunity to leverage the purchase of the BAYC #4713 and create a CRC-20 Token that is algorithmically-pegged to the Floor Value of the BAYC collection.
BAYC-4713 (BACC-T) Token: https://dexscreener.com/cronos/0x3A1Fc6a6618E151c38Bc0Ab65A2A39089b58eC33
The next part to this process is the actual meta-physical fractionalization of the BAYC #4713 image, where we programmatically create a jigsaw puzzle piece collection composed of 1089 individual NFT Jigsaw pieces. The first 1089 claims of the BAYC-4713 (BACC-T) token will receive a FREE BAYC 4713 (BACC-S) Jigsaw NFT.
BAYC 4713 (BACC-S) Jigsaw NFT: https://www.crosea.io/collection/0x0445Af19CD02062C369cD39eFc3FB55f6eD25B97
How does the process work?
Each BACC NFT holder will be able to claim 1 BAYC Jigsaw NFT (the first 1089 to claim) and 1 BAYC algo-pegged Token (Currently worth $13.64). The claim process is actually an entry into our official club (The Bored Ape Cronos Club) and provide extreme perks, rewards, and access to the BACC NFT holder.
Each claim requires an unclaimed BACC NFTs, and 10,000 BACC to officially claim your fractional piece of the BAYC 4713 and join the Bored Ape Cronos Club, make sure to join the official discord server to unlock perks (https://discord.gg/baccfinance).
F.A.Q
- What happens if we sell the BAYC 4713?
To initiate the process to sell the BAYC 4713, a single or multiple holders of the BAYC 4713 (BACC-S) jigsaw NFT must initiate a proposal and stake a non-refundable amount of 1,000,000 BACC to their proposal and wait for a majority of the BAYC 4713 jigsaw NFT HOLDERS to vote in their favor, each votes receives an equal portion of the staked amount. Upon the success of a proposal, the BAYC 4713 will be listed on OpenSea at the proposed price and the funds will be equally distribute to all BAYC #4713 (BACC-T) algo-peg token holders.
2. What is BACC (Bored Ape Cronos Club)
BACC is an NFT club built on the Cronos Blockchain that has multiple outlets to provide benefits and privilege to its club members, some of these outlets include projects like Crosea, BACC FINANCE, and CroRarity.
3. Can I trade the BAYC TOKEN?
Yes, the BAYC 4713 token is fully tradable, you can sell it for the value of the floor of the BAYC divided by 10,000 parts. You can always check the status of the peg here: https://dexscreener.com/cronos/0x3A1Fc6a6618E151c38Bc0Ab65A2A39089b58eC33
Trade here: https://bacc.finance
4. How much does it cost to claim a share of the BAYC 4713?
Each claim requires a BACC Gen 1 NFT: https://www.crosea.io/collection/0x3A25497e2761F9F7a744ABFECb3c1F7C668e9AE7
Also, 10,000 BACC per BACC NFT to claim a single fraction of the BAYC 4713.
