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Tokenomics
$FRKX is the utility token of the FRAKT Protocol (10B total supply)
  • Staking $FRKX reduces fees for trading NFTs in Pools
  • Staking unlocks higher LTV in Borrow
  • Staking unlocks Referral program boosts
  • Deflationary via buybacks and burns (using a share of protocol fees generated)
  • As rewards to protocol users (traders, borrowers, …) in equal amounts than burned from buybacks and burns. Rewards calculated every 24h and claimable by user
  • Upcoming fundraising and IDO
  • Detailed Tokenomics & Tiers [TBC soon]
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