Migrating NFTs and $FRKT
TL;DR
$FRKT holders will be able to convert each $FRKT for 62.5 $FRAKT
BANX stakers will earn our sustainable passive income (in $FRAKT)
$FRAKT stakers will also earn sustainable passive income (in $FRAKT)
Each staked $FRAKT will yield total of 0.001332 $HADES, emitted over 18 months (this is true for all staked $FRAKT, including locked staked $FRAKT migrated from $FRKT)
Both BANX and $FRAKT stakers will unlock Raffles tickets and Discounts on Flip loans
$FRKT Tokenomics
We have settled for a migration from $FRKT (preIDO token) to $FRAKT (IDO token):
✅ In June 2022 we stopped all the $FRKT emissions (from single staking, from Frakts staking and from Raydium farms)
✅ In June 2022 we burned 40M $FRKT so only 10M $FRKT remains ✅ 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)
⌛️ 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
⌛️ At IDO, The 10M remaining $FRKT will be allocated 6.25% of $FRAKT supply
⌛️ 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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