What Is Fracton (FT)?
Fracton Protocol is an NFT-based liquidity infrastructure that releases the financial attributes from NFT collectibles by fractionalizing NFT and that eliminates some issues of other NFT liquidity infrastructures, such as low efficiency, high transaction fee, and limited application. The protocol is implemented as a set of smart contracts, like meta-swap, to prioritize censorship resistance, security as well as gas efficiency.
For example, Fracton Coin collaborates with Exchanges to build NFT ETF and provide an efficient and smooth fractionalized NFT trading experience for users. With a well-established NFT ETF, Fracton is able to solve NFT price feed problems for multiple scenarios, such as NFT oracle, NFT lending, NFT perp, etc.
FT is the native utility token that is used for: Incentivize the interactive activities on Fracton Protocol Used for governance votes to determine incentive proportions via vote-escrow FT This is open to any individuals or organizations to involve their NFT collections in ecosystem. They aims to allow everyone to “Buy your favorite top NFT in any amount”.
| Coin Basic | Information |
|---|---|
| Coin Name | Fracton |
| Short Name | FT |
| Total Supply | 100,000,000 |
| Max Supply | 100,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Ｍethodology of Fracton Protocol
, Fracton Coin enables the NFT liquidity with 2-step fractionalization, making expensive non-fungible assets into affordable shares. As a significant factor for NFT market trading, liquidity determines the effectiveness of price for NFT. In order to improve NFT liquidity and protocol efficiency, Fracton Protocol introduces four solutions:
Liquidity Prompting The whole target NFT collection, instead of a single NFT token, is involved in Fracton Protocol. In addition, 2 steps of fractionalization (Raw NFT(ERC721)-pNFT (ERC1155)-hiNFT (ERC20)) with a fixed swap rate (1:1000) for target NFT collection empowers Fracton Protocol for scaling in NFT financialization. Pool-Less Swap An “LRMB” mechanism Lock/Release tokens on the one side of ERC721/ERC1155/ERC20 token pairs, and Mint & Burn tokens on the other side, removing initial liquidity and LPs for building the liquidity pool.
Permission less Protocol The protocol’s services are entirely open for public use with no limitation or filter. The protocol is also immutable, in other words not upgradeable. No one can control the protocol. Stateless System The stateless system means there is no additional state variable to be updated for user actions, reducing >25% gas in token exchange, and >50% gas in converting upNFT into pNFT. Apart from that, Fracton Protocol asks for only 0.2% transaction fee and 0.3% redemption fee, which minimizes the trading and swapping fiction.
How does Fracton protocol compared to typical NFT market ?
As known to all, liquidity is a significant factor for NFT market trading. The better liquidity, the better price for NFT. Typical NFT market has limited depth due to its native character which is ownership can not be shared on the blockchain in any formal capacity. However, Fracton Protocol succeed to break up normal NFT into a new form in a cost- effective and DeFi-oriented way.
Liquidity Prompting
, Fracton Coin Protocol is designed to fractionalized any target NFT collections, instead of a single NFT token, by leveraging Chainlink VRF for swapping pNFT for a random Raw NFT (of the target collection) hold by the protocol.
Pool-Less Swap
Traditional swap relays on dedicated liquidity pools for swapping tokens. This requires initial liquidity and LPs for building the liquidity pool. Fracton Swap creates pool-less swap based on a “LRMB” mechanism. The swap always Lock/Release tokens on the one side of ERC721/ERC1155/ERC20 token pairs, and Mint & Burn tokens on the other side.
Permissionless Protocol
Permissionless design means that the protocol’s services are entirely open for public use, with no ability to selectively restrict who can or cannot use them. Anyone can swap, provide liquidity. This is a departure from traditional financial services, which typically restrict access based on geography, wealth status, and age.
The protocol is also immutable, in other words not upgradeable. No party is able to pause the contracts, reverse trade execution, or otherwise change the behavior of the protocol in any way.
How Many FT Coins Are There in Circulation?
The total supply of Fracton(FT) is 100,000,000.
The FT Token is used for: Incentivize the interactive activities on Fracton Protocol Used for governance votes to determine incentive proportions via vote-escrow FT
How Is the FT Network Secured?
FT is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum’s Ethash algorithm.
