Why mint BANX?
Last updated
Last updated
TL;DR
đ˛ People minting with SOL have a chance to mint a high rarity BANX with higher amount of utility points unlocking stronger benefits
đ˛ All minters have a chance to mint a 1/1 BANX
đŗ People purchasing BANX Presales can build a larger BANX position without slippage
đŗ People competiting for BANX WLs on the Fraktlisting leaderboard competition can build a larger BANX position without slippage
đŗ People minting with Frakts & Gnomies can consolidate a larger BANX position
Holder benefits are proportional to the amount of Partner points and Player points of each BANX:
đ¤ Sustainable passive income
in SOL starting directly after mint (including revenue accumulated in the past)
in $FRAKT starting directly after IDO
đ¤ Discount on Flip loans (up to free loans)
đ¤ Tickets for the Liquidation Raffles (buy liquidated NFTs at up to 50% below floor price)
đ¤ Cashbacks on P2P Loans
đ¤ Boosts on User Rewards and Referral Rewards
đ¤ Governance Votes
đĻ Directly after mint, 10% of the raise (4,445 SOL) will be allocated to AMM pools on Hadeswap & Tensor in order to ensure guaranteed post mint liquidity which will
Allow minters to instantly reroll any of their BANX, and stabilize price to the upside.
Increase trading volume (royalties also feed into sustainable passive income)
Stabilize price to the upside
70% of the SOL raised with the mint will be allocated to our Protocol Owned Liquidity (POL) funding Bonds (high LTV loans) and to our Isolated Lending Pools funding Perpetual loans
Holders will be able to stake their Banx to claim their share of weekly passive income
Holders will be able to stake their Banx to claim their share of the revenue chest accumulated in the past (over 10,000 SOL)
This short thread says it all
đĨ The best community, utility, & benefits are about to collide with the best art from Tainaker himself:
High diversity index
Rigorous review process to ensure every single trait looks amazing
Rigorous generative rules to ensure every BANX looks clean
Introducing Sets so that even lower rarity BANX can look as good as 1/1s
Frakt was the first generative art collection on Solana and the third NFT collection lauched on the Solana blockchain (on June 7 2021). For the past 2 years the team has been busy
Building core NFTxDEFI infrastructures
Reinforcing its trustworthy reputation: "when we promise we deliver"
Merging two communities (Frakt & Pawnshop Gnomies) into one (BANX)
Educating & informing our community via our detailed documentation and weekly Medium articles
Releasing products with proven market fit and sustainable revenue streams
On April 2 we released our last product: the Bonds (high LTV, low fee, peer to peer loans) which is the most competitive, scalable and composable NFT lending architecture on any chain. Give it a try on https://app.frakt.xyz/bonds
