FRAKTPrice

(FRKT)

The FRAKT project addresses the problem of limited access to high-value digital assets by enabling the creation and trading of fractionalized NFTs. This lowers the barrier to entry for collectors and investors, democratizing ownership. Blockchain technology is optimal because it provides a transparent, secure, and immutable ledger for tracking fractional ownership and transactions. This ensures trust, verifies authenticity, and enables efficient, permissionless trading of these digital asset fractions, which would be significantly more complex and less secure using traditional methods.

FRAKT (FRKT) tokens offer multiple utilities within the ecosystem. Holders can use them for arbitrage trading opportunities. Staking FRKT tokens allows users to generate income, providing a reward for participation. Additionally, FRKT tokens grant voting rights on proposals within the FRAKT DAO, empowering community members to shape the project's future direction. They can also be used to acquire fractionalized NFT derivatives, directly linking the token to the project's core offering.

The FRAKT token is built upon the robust and widely adopted Ethereum Blockchain. It adheres to the ERC-20 token standard. This ensures that FRKT is compatible with a broad range of services, wallets, and exchanges that support ERC-20 tokens, facilitating ease of integration and interaction within the broader decentralized finance (DeFi) and Web3 ecosystem.

The FRAKT team prioritizes security through a combination of proactive measures. They implement regular audits of their smart contracts and protocol to identify and mitigate potential vulnerabilities. Furthermore, the project emphasizes transparency initiatives. These efforts are designed to foster community trust and ensure compliance with best practices, thereby safeguarding the integrity of the platform and the digital assets managed within it.

The tokenomics of FRAKT (FRKT) are structured around a defined supply. The total supply of FRKT is 9.92 million tokens. As for its availability in the market, the circulating supply is also 9.92 million tokens. This indicates that the maximum number of tokens intended for release is actively in circulation, providing clarity on the token's distribution.

Yes, FRAKT offers staking for FRKT tokens, providing several benefits to participants. Stakers can earn FRKT rewards, effectively generating income from their holdings. Additionally, staking FRKT makes users eligible for launchpad tickets, offering access to new project opportunities. A minimum staking period of one month is typically required to participate in these programs and reap the benefits.