We are happy to announce that FRĀMD is partnering up with Karma Finance!
FRĀMD and Karma Finance will develop the official Karma NFT collection which will be part of both the FRĀMD and Karma ecosystems!
Collection details:
- The collection will start off with 32 NFTs.
- The theme of the collection will be Karma symbolism and spirit animals and their respective meaning.
- Each NFT will be hand drawn.
- The NFTs will be auctioned off one per week or biweekly starting in August. More details will be available later.
Collection Utility:
- Holders of these NFTs will be receiving a share of profits from Karma. Karma Finance will release more details later.
- This collection will be part of the FRĀMD ecosystem and the $FRMD token economy.
- Each NFT will earn 0.75 $FRMD/$ICX during mint. Please note the $FRMD will be capped at 1000 $FRMD similar to the16-Bit Fight Club auction.
- 50% of the secondary sales royalty fees from this collection will be given back to $FRMD stakers. 25% will contribute towards the $FRMD liquidity pool, and 25% will go to the Karma team.
Karma Finance is a very promising and widely anticipated De-Fi project launching the Karma Bond on the ICON Network soon. Karma Bond is a protocol owned liquidity-as-a-service, providing treasuries and bonds optimized to individual protocol needs.
At FRĀMD, we are very excited to work on such an interesting collection and to have yet another promising NFT project become part of our growing ecosystem.
