3/Token Features
Essential information about $FRAC
Token Metrics
Token Ticker: FRAC
Token Standard: BEP20
Token Network: BNB Smart Chain
Token Contract Addresses: https://bscscan.com/token/0x61f562aa372ca0178802b90276ded3e56ff79a67
Token Purpose
The $FRAC (Frac Ecosystem Token) project represents the utility sphere of Frac's ecosystem. The token ecosystem aims to promote $FRAC as one of the key tokens for collectors/wholesalers/traders/lovers of selected asset classes, within a new world where wealth flows better.
Key stakeholders that will be interacting with the tokens
There are five groups of token holders:
Owners of assets in the gemstones/whisky/real estate categories
Frac's customers/clientele
Collectors/Traders of rare assets
RWA (Real World Asset) Tokenization ecosystems supporter
Frac's strategic partners
Token Utilities
$FRAC as an asset owner's utility token
Asset Owners can stake $FRAC to have their assets featured with priority to communities and maximize liquidity
Eg. Gemstone/Whisky/Real Estate Owner stakes $FRAC to get his fractions featured with priority to selected marketplaces
$FRAC as a customer's software subscription token
Frac clients can stake $FRAC to reduce platform-related fees Frac clients can stake $FRAC to enjoy better profit-sharing arrangements
Eg. Gemstone/Whisky /Real Estate businesses stakes $FRAC to reduce maintenance fees and to enjoy better profit-sharing arrangements on the DEX and IAO.
$FRAC as a collector's access token
Specific unique assets (can be gemstones, whisky or RE) are listed and traded against $FRAC so only by holding onto $FRAC, collectors can access fractions of these assets
Eg. Exclusive Gemstone/Whisky/Vacation Home, listed exclusively against $FRAC for trading on DEX OR for that IAO, only $FRAC can be used to purchase fractions of these assets
$FRAC as an ecosystem supporters' loyalty token
To encourage holding of $FRAC, staking pools which reward holders with more $FRAC will be set up. When holders stake $FRAC, they earn more $FRAC over time. This is critical as tokenization of real world assets take time, and such rewards cultivate the necessary patience towards the processes of tokenization of assets
$FRAC as a partnership rewards token
Unlike most Web3.0 projects which perform random airdrops to distribute their tokens, the Frac Team aims to have $FRAC in the hands of individuals who enjoy collecting and trading the asset niches which Frac focuses on; Gemstones, Jewellery, Whisky and potentially Real Estate. Therefore, one of the key functions of $FRAC would be to reward partners who can reach out to such individuals. These partners can be existing customers of Frac, event organizers or even other Web3.0 projects.
$FRAC as a platform governance token
Governance in Web3.0 projects is tricky - while there are governance powers to be released through $FRAC, these powers cannot overly interfere with the daily management of the company. Long-Term Holders of $FRAC, can progress towards becoming a Key Contributor and Key Contributors can submit proposals.
Here we outline some possible proposals that can be submitted:
Proposals impacting Profit-Sharing rates between Frac and client
Proposals impacting Partner selection criteria
Proposals impacting assets to be pegged against $FRAC
The exact criteria of becoming a Key Contributor will be revealed at a later date.
$FRAC as a rewards token (through revenue-sharing) The proposed model outlines different tiers of $FRAC holdings, each associated with a specific percentage of revenue sharing. The model assumes a total supply of 500 million $FRAC tokens.
Details to be confirmed:
Revenue Sharing Pool: The percentages reflect the share of a designated revenue pool, not the total revenue of Frac. This pool should be defined clearly in terms of which revenue streams contribute to it (e.g., fees from primary offerings, secondary trading, and subscription services).
Holding Period: To qualify for revenue sharing in a specific tier, holders may need to maintain their $FRAC balance for a minimum period (e.g., 3 months), encouraging long-term holding and stability in token value.
Cap on Revenue Share: Implementing a cap on the total revenue share distributed in each tier can prevent disproportionate allocation to the top tiers and ensure a balanced distribution across the community.
Adjustability: The model should be adjustable based on the platform's performance, token economics, and community feedback, ensuring its long-term sustainability and alignment with business goals.
This tiered revenue-sharing model incentivizes both investment in and long-term holding of $FRAC, aligning token holders' interests with the platform's success. By offering a direct link between holding levels and revenue sharing, Frac can foster a committed and engaged community, driving the platform's growth and governance in a balanced and equitable manner.
Token Activation Conditions
There are no special conditions to the activation or utilization of $FRAC. The only condition is to hold or stake $FRAC. It is also important to note that while the $FRAC's value is tied to adoption of on-chain RWAs, the $FRAC itself is not a direct asset-backed token.
Supported Chains
Currently all 500,000,000.00 $FRAC sits on the BNB Smart Chain. However bridges will be completed, and ready for use by investors, two weeks before listing of $FRAC. These bridges include a bridge to the Ethereum network and a bridge to the Polygon network.
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