Frakts vs Gnomies vs $FRKT
FRAKT and Pawnshop Gnomies merged in March 2022. Below is a 4 steps recap on the differences and similarities between Frakts vs Gnomies vs $FRKT
It depends on :
● Floor prices at time of purchase
● Primary sought-after utilities
● $FRKT airdrop (Frakts already received their $FRKT emissions while Gnomies still need to receive approx 200 $FRKT each just before IDO). Started on 23/01/23 for a total duration of 20 days
For example at the time of writting this article :
People interested in reaching the 100% discount on Flip loans utility should buy Frakts because it is cheaper to accumulate 100 Player points with Frakts than Gnomies
While people interested in increasing their share for the upcoming rev sharing should buy Gnomies because the Partner points/sol price of Gnomies is currently lower than the Partner points/sol price of most Frakts.
The main benefits for Frakts and Gnomies holders are :
Every Player point unlocks 1% discount on borrowing fees for Flip loans . Note that Gnomies and Frakts can be combined to reach max discount of 100% (no interest to pay on Flip loans with cap at 500 SOL or 30 loans)
Every Player point unlocks 1 ticket for the Liquidation raffles during which participants can purchase NFTs at up to 50% below floor price. Note that Tickets refreshes every 24H
100% of our protocol revenue and 100% of our royalties revenue will be entirely used to buy back our $FRAKT token (with 50% of the total revenue) + provide liquidity for it (with the other 50 of the total revenue). Then we distribute the same amount of $FRAKT token that we buy back to our stakers (neutral market impact passive income inflation) :
● 50% of the buybacks will be distributed to PFP stakers
(proportionnaly to the total of Partner points staked)
● 50% of the buybacks will be distributed to $FRAKT stakers
(proportionally to total of $FRAKT staked)
Note that our sustainable passive income mechanism will start at IDO
Directly starting at IDO, we’ll tie all the same protocol related utilities to $FRAKT staking. Staked tokens will therefore unlock :
- Governance voting power
- Sustainable passive income (as shown in the infographic above)