Migrating NFTs and $FRKT


$FRKT Tokenomics

We have settled for a migration from $FRKT (preIDO token) to $FRAKT (IDO token):

βœ… In June 2022 we stopped all the $FRKT emissions (from single staking, from Frakts staking and from Raydium farms)

βœ… In June 2022 we burned 40M $FRKT so only 10M $FRKT remains βœ… Starting on 23/01/2023 we airdropped 10 locked $FRKT per day for total duration of 20 days to delisted Gnomies in order to restore governance parity (as Frakts already had received it in the past)

βŒ›οΈ Before IDO, $FRKT should be considered a preIDO token, and we don’t recommend trading it since liquidity will be low and volatility high. NFA, but your best option to get exposure now is via our NFTs that will emit $FRAKT as sustainable passive income

βŒ›οΈ At IDO, The 10M remaining $FRKT will be allocated 6.25% of $FRAKT supply

βŒ›οΈ Shortly after the IDO, $FRKT holders will be able to convert their $FRKT to locked $FRAKT with a progressive linear unlock over a year. Locked $FRAKT tokens will be eligible for their share of benefits (sustainable passive income, raffles tickets, discounts and $hades rewards)

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