GAME ON.
We’re on the road to IDO. Actually, the high road, if you will: tangible benefits and fundamentals.
So many fundamentals in fact, that we had to break up the roadmap in 4 phases.
Seriously… it’s packed. We have so much lined up your gonna have trouble keeping up.
That’s why you should subscribe to our weekly Medium updates, join our Discord, have notifs on on our Twitter, add frakt.xyz to your favorites, and vibe with us at least once a day, because we love you.
Previously on FRAKT
Did you miss something? Wondering who we are and how we got here? Here’s a TL;DR:
- FRAKT is a Solana OG team who’s been around since NFT inception (3rd ever Solana mint)
- The FRAKT protocol is a DeFi X NFT liquidity solution for both sides of the market: borrowers and lenders
- It empowers web3.0 communities by providing utility for the NFTs and yield for idle treasury funds
- It’s a building block and infra ready to boost any other protocol willing to integrate
We are strongly principled both on our development practices (scalability & composability) and risk management (check this recent summary).
The mission
We have one simple mission — to build:
- amazing products that users love
- insane yet sustainable, long term financial benefits for our holders
This is reflected in our tokenomics — the diagram here explains exactly the mechanics but long story short: 100% of the value captured by the protocol is redistributed to holders:
Phase 1 — Setting the stage
Strategic Fundraising
Our deck is ready and our strategic raise is underway.
We closed our Seed round 5 months ago with Solana OGs, JPEG maxis, and loving users of our protocol.
We plan on doing exactly the same for this round, and to allocate a significant share of the raise to locked Protocol Owned Liquidity (POL) in order to:
- Boost the competitive edge of the protocol with deep liquidity
- Generate sustainable yield to be distributed to our holders
- Show long-term commitment by locking liquidity into vesting contracts
- Provide less slippage for traders of our assets
New Podcast
Finally the NFTxDEFI podcast that CT deserves.
New design
New brand, New UX, New Raffles, New everything.
Not just “new”… BETTER
Ngl, goal is to be THE BEST
And it’s coming on 24/11 🔥 Check the video!
Bulk loans
Borrow as much as you want in just a few clicks :
- define the specific amount of SOL you need and let the protocol suggest optimal collateral patterns
- tailor made smart algorithm suggesting different offers (best vs cheap vs safest) with different combinations of collateral, LTV and loan type
Phase 2 — Warming up
NFT Status
Keep track of your loans right from your wallet. As long as you have at least one active loan, you will receive an NFT showing you a real time recap
Free money #1
We’ll be spreading the love to grow the community
Strategic Fundraising DAO Edition
We really want the DAOS to be part of our adventure so we reserved a share of the raise just for them
Killer Feature
We did say we want to be the #1 NFT lending protocol on Solana right?
Well, this will settle it.
Gnomies Snapshot(s)
Ahhhh I’m delisting. So much Delist pressure I can’t even…
Seeing is believing
👀
Phase 3 — Climax
New staking integrations
Similar to our deGods integration, holders of top collections will keep printing their rewards while loaning their NFTs.
Public Dashboard
Providing on-chain analytics to our holders for full transparency.
Game changer
Can’t really leak more than than OMG and OOOF
IDO
As per FRKX tokenomics :
The minimum IDO price will be 0,003$ per FRKX
Total supply for $FRKX will be 10B
- 500M FRKX (5% of total supply) will be sold at IDO
- 500M FRKX (5% of total supply) will be allocated to the FRKT migration (at a 1:50 conversion rate)
- The remaining allocations will be communicated after closing the Strategic Round
Phase 4 — Keeping it real
The IDO isn’t the end — it’s just the beginning… of the massive benefits for our holders. More #freemoney, more killer features for our chad protocol — we aim to be #1 remember? …aaand topping it off with a bang 💣 to be revealed in due course.
$FRKT to $FRKX
Each FRKT will be migrated 1:50 to staked FRKX with linear unlock over a year. Staked FRKX will directly unlock its associated holder benefits.
Free money #2 & #3
Just when you thought the benefits couldn’t get any better. That’s when we throw more free money at you.
Boost protocol
More killer features and strong synergies with other key protocols
The Bomb
Tic tac tic tac
Closing words
NFTs are here to stay and the business cases keep on growing as they go deeper in complexity and wider in scope. In that context, we position ourselves as core building blocks for what’s ahead — we are part of that rising tide that raises all ships!
