$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, β¦) in equal amounts than burned from buybacks and burns. Rewards calculated every 24h and claimable by user