3/Token Features
Essential information about $FRAC
Last updated
Essential information about $FRAC
Last updated
Token Metrics
Token Ticker: FRAC
Token Standard: BEP20
Token Network: BNB Smart Chain
Token Contract Addresses: https://bscscan.com/token/0x61f562aa372ca0178802b90276ded3e56ff79a67
How is the value of the Frac Token ("$FRAC") supported?
Before scrolling down and reading the list of Frac Token utilities, and understanding what each utility means, it is first important to understand the strategy for supporting the value of the Frac Token.
The value of the Frac Token is supported through a range of utilities which become more widely used for every new Enterprise Partner that Frac acquires as a business.
For every Enterprise Partner that Frac acquires and onboards, there are a range of B2B utilities that will induce Enterprise Partners to buy and use the Frac Token and there are B2C utilities which will induce and incentivize each Enterprise Partner's customers to hold and buy more Frac Tokens in the future. Hence the business/token model of Frac is essentially, B2B2C.
To give an example: A gemstone retailer brand works with Frac to have a tokenisation platform deployed under their brand but on Frac's blockchain and server infrastructure. This gemstone retailer, which is an Enterprise Partner, may use $FRAC as a payment token to get discounts on Frac's services, use $FRAC as a way to market it's latest products to it's customer base and in turn, the customers of this gemstone retailer, who are Collectors or Traders of gemstones will also come into contact and hold $FRAC. In other words, the key distribution strategy for $FRAC, is to distribute $FRAC to our Enterprise Partners and to their customers. This is also why a portion of $FRAC namely "strategic partnerships" and "asset owners' incentive" have been set aside for this purpose.
Please refer to the picture below for a pictorial illustration.
In the picture below, we list down key Frac Token utilities and which of these utilities fit into each objective of Distributing the Frac Token, inducing Enterprise Partners and their customers to hold the Frac Token and inducing Enterprise Partners and Retail Users to buy more Frac Tokens:
The above is a table capturing key token utilities and how each group of utilities cleverly contributes towards distributing the Frac Token to as many holders as possible, getting those holders to hold onto the Frac Token without selling and eventually induce them to buy even more Frac Tokens. The combination of Distribution, Holding and Buying More Frac Tokens is what will support the Frac Token price in the short, medium and long term.
Confirmed Token Utilities
$FRAC as an asset owner's utility token
Asset Owners can hold $FRAC for a required period of time, to have their assets featured with priority to communities and maximize liquidity. Readers are advised that Frac has discretion to set and change the holding criteria for this utility. Any updates or changes to the holding criteria will be communicated on Frac's official social media.
Example: A private collector of gemstones goes to Diamond Labs tokenisation platform (powered by Frac's proprietary technology), to tokenise and sell his/her gemstones, this private collector would need to hold $FRAC in his self-custodial wallet, in order to have his gemstones listed with priority, on the Diamond Labs platform.
$FRAC as an enterprise's software subscription token
Frac's enterprise clients can hold $FRAC in their self-custodial wallets for a required period of time to enjoy better commercial terms with Frac. Readers are advised that Frac has discretion to set and change the holding parameters for this utility. Any updates or changes to the holding criteria will be communicated on Frac's official social media. Frac's enterprise clients can also choose to pay the % of gross transacted value, on both the primary offering stage and the secondary trading stage in $FRAC to enjoy discounts. The amount to pay in $FRAC will be determined by the Frac Team on a case-by-case basis.
Example: The business owners of Diamond Labs, can hold $FRAC in their self-custodial wallets, to enjoy a discount on the % of gross transacted value, on both the primary offering stage and the secondary trading stage, payable to Frac.
$FRAC as a collector's access token
Specific unique assets (can be Luxury Assets or Intellectual Property) are listed and traded against $FRAC so only by holding onto $FRAC, collectors can access fractions of these assets. Example: Exclusive Luxury Assets or Intellectual Property, listed exclusively against $FRAC for trading on the respective enterprises' tokenisation platforms (powered by Frac's proprietary technology), only $FRAC can be used to purchase fractions of these assets
$FRAC as an ecosystem supporters' loyalty token
Staking $FRAC tokens is a process where token holders commit their tokens into a specific smart contract to show community support and, in return, receive rewards based on the duration and amount of their stake. The reward mechanism encourages long-term holding, reducing market volatility and ensuring a steadier growth of the token's ecosystem.
Here’s how it generally works: When you stake your $FRAC tokens, you lock them in a secure digital contract on the blockchain. The longer you choose to lock your tokens, and the more tokens you stake, the greater the rewards you can earn. These rewards are paid out in additional $FRAC tokens. 32% of the total supply of $FRAC has been allocated for staking rewards or the lifetime of the project. Kindly refer to 4/Tokenomicsfor more details. Readers are advised that Frac has discretion to set and change the staking parameters for this utility. Any updates or changes to the staking parameters will be communicated on Frac's official social media.
$FRAC as an enterprise 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; Luxury Assets and Intellectual Property. 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 to be used by enterprises to conduct polling activities
One of the most useful things that can happen with blockchain technology, is voting.
And many of Frac's potential customers, especially those in the NGO (Non-Governmental Organisation) arena, may require voting on specific matters, among their donors. $FRAC could be adopted as a voting token by these enterprises. These voting activities would be conducted on the deployed enterprises' platforms themselves. Example: - Voting on marketing activities to be adopted for specific environmental or animal protection campaigns - Voting on dates/times to conduct awareness programs - Voting on which area where donors' funds can be deployed
$FRAC as a Frac Business 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. $FRAC will enable holders to submit and vote on proposals which may encompass some of the following issues:
Proposals impacting the commercial terms between Frac and our Enterprise Partners
Proposals impacting Enterprise Selection Criteria
Proposals impacting assets to be used to support $FRAC price
Proposals impacting $FRAC's range of utilities
This act of voting itself will be conducted on a Discord Channel. Discord will serve as the main communication and voting platform for the Frac community. Frac’s board of directors and senior management will execute and implement the proposals approved by the Frac community.
$FRAC as a rewards token (through revenue-sharing)
The proposed model outlines different tiers of $FRAC holdings, each associated with a specific percentage from Frac's nett revenue, as an entire group of companies. The model assumes a total supply of 500 million $FRAC tokens. Please refer to the table below for the proposed tiering in terms of ratio of $FRAC holdings to entitlement of Revenue-Sharing Percentage. Any changes would require Frac's board approval and would be updated to Frac's investors via Frac's official social media channels.
Example:
Frac's annual nett revenue is 10,000,000.00 MYR in 2027. For Tier 1 investors, the committed revenue is: 5% of 10,000,000.00 = 500,000.00 MYR Frac will then proceed to purchase 500,000 MYR worth of $FRAC from the open market, and the purchased $FRAC, will be split evenly among all members in Tier 1.
Conditions to be met:
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.
Disbursement mechanism: To qualify for revenue sharing in a specific tier, holders will need to manually claim their share of the revenue-sharing on Frac's portal, and holders will also need to whitelist their wallet addresses through a KYC procedure on the Frac platform.
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.
The above process is projected to occur on Frac's discord channel, to be set up when this utility kicks into effect.
Payment function of $FRAC As described in the section on Token Confirmed Utilities, $FRAC is accepted as a payment method within the Frac ecosystem to allow (i) enterprise partners to pay subscription fees (which may be partially or entirely in $FRAC or fiat) to Frac, and (ii) investors to purchase selected and exclusive assets (entirely in $FRAC) on the enterprise partner's portal. A. Interoperability: $FRAC is fully interoperable within the ecosystem, meaning it can be used across all enterprise platforms that are part of the Frac network. This ensures that $FRAC can be transferred and used consistently for payments, staking, and other functionalities across different enterprise partners' solutions. B. Transferability: $FRAC is transferable within the ecosystem of Frac and its enterprise partners. This means that $FRAC can be moved between different wallets, used across various platforms, and exchanged among users and enterprises within the Frac ecosystem. The transferability ensures that $FRAC can function effectively as a utility token, facilitating transactions, staking, and other functionalities across the integrated platforms. C. Frac's Role: Frac ensures this interoperability by maintaining a standardized protocol across all platforms, allowing $FRAC to function as a universal utility token within the ecosystem.
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.
Key stakeholders who will hold and buy more $FRAC
Based on the above token utilities, there are six groups of potential $FRAC holders:
Non-Governmental Organisations
Donors of NGO Campaigns
NGO Activists
Luxury Asset Wholesalers/Retailers
Collectors/Traders of luxury assets
RWA (Real World Asset) Tokenization ecosystem Web 3.0/Web2.0 supporters