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$FRAKT Tokenomics

Value accrual and utilities

Value accrual mechanisms are explained in the Holder Benefits section​
$FRAKT utilities are listed here​

Allocations

Total supply for $FRAKT will be 10B
  • 5% for migration from $FRKT (1:50 conversion rate with linear unlock over a year)
  • 5% for IDO
  • Remaining allocations will be communicated after closing the Strategic Round

IDO

Date is still TBD
500M $FRAKT (5% of total supply) will be sold at IDO
0,003$ per $FRAKT will be the minimum price at IDO
IDO model (fixed price vs variable price) hasn't been defined yet IF we go for for a variable price (Mango-style IDO) then the price of $FRAKT at IDO will depend on IDO participation. A few simulations below :
Amount raised at IDO
IDO price for $FRAKT
Equivalent price for $FRKT
1.5M$
0.003$
0.15$
3M$
0.006$
0.30$
4.5M$
0.009$
0.45$
6M$
0.012$
0.60$
7.5M$
0.015$
0.75$
9M$
0.018$
0.90$
10.5M$
0.021$
1.05$
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