Why 20,000 supply?

10,000 Banx to be minted with Frakts
5,555 Banx to be minted with Gnomies
4,445 new Banx to be minted with SOL via Presales & WLs


We believe minting 4,445 extra Banx with SOL (with 0 dilution for existing holders - see tokenomics adjustments below) will strongly benefit the FRAKT protocol & community by boosting:
✅ Acquisition of new protocol users (Whitelisting is tied to protocol usage)
✅ Acquisition of new community members & ambassadors
Awareness for both BANX & FRAKT protocol
Trading volume for BANX (more liquidity and more arbitrages opportunities)
Protocol revenue, due to increased Protocol Owned Liquidity
Sustainable passive income for holders, due to increased protocol revenue

Tokenomics adjustments

In order to mint more BANX without diluting existing holders, the community voted to shift 20% of the total amount of Partner points & Player points from $FRAKT to BANX and attribute these points to the extra supply to be minted with SOL

In tokenomics V1 the utility points split = 50% NFTs & 50% $FRAKT

BANX (50%)
$FRAKT (50%)
704,000 Partner points
704,000 Partner points
37,575 Player points
37,575 Player points

In tokenomics V2 the utility points split =60% NFTs & 40% $FRAKT

BANX (60%)
$FRAKT (40%)
844,800 Partner points (+140,800)
563,200 Partner points (-140,800)
45,090 Player points (+7,515)
30,060 Player points (-7,515)

Impact on $FRKT

By shifting utility points away from $FRAKT towards BANX, we proportionally increased the $FRKT to $FRAKT migration rate in order to ensure $FRKT holders are not diluted either:
From 1 $FRKT = 50 $FRAKT to 1 $FRKT = 62.5 $FRAKT
Same logic for Seed and Strategic investors. We also gave Strategic investors the possibility to swap their $FRAKT alloc to BANX presale alloc (with no discount on mint price)