$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$
...
...
...

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$
...	...	...

Last modified 1mo ago