Article Summary, Automatically Generated By AI
Summary of FractonX
Key Points
- FractonX is an NFT-based liquidity infrastructure that fractionalizes NFTs to release financial attributes.
- The protocol is implemented as a set of smart contracts, prioritizing censorship resistance, security, and gas efficiency.
- FT is the native utility token used for incentivizing interactive activities and governance votes.
- Total supply of FT is 100,000,000.
- FT is an Ethereum-based, ERC-20-compatible token, secured by Ethereum’s Ethash algorithm.
- FT is available on KuCoin.
Methodology
- FractonX enables
About FractonX: Pioneering the Future of Decentralized Finance
Introducing FractonX (FT): A Revolutionary Cryptocurrency
FractonX is an innovative NFT-based liquidity infrastructure that unlocks the financial potential of NFT collectibles by fractionalizing them, thereby addressing the limitations of existing NFT liquidity infrastructures, including inefficiencies, exorbitant transaction fees, and restricted applications. The protocol is implemented as a suite of smart contracts, such as meta-swap, prioritizing censorship resistance, security, and gas efficiency. For instance, Fracton collaborates with exchanges to develop NFT ETFs, providing users with a seamless and efficient fractionalized NFT trading experience. With a well-established NFT ETF, Fracton effectively resolves NFT price feed issues across multiple scenarios, including NFT oracles, NFT lending, and NFT perpetual swaps.
The native utility token, FT, serves multiple purposes, including incentivizing interactive activities on FractonX and facilitating governance votes to determine incentive proportions through vote-escrowed FT.
Fracton welcomes individuals and organizations to integrate their NFT collections into its ecosystem. By doing so, Fracton strives to empower everyone to “acquire their desired top NFTs in any quantity they desire.”
The Circulating Supply of FT Coins: A Closer Look
The total supply of Fracton (FT) is capped at 100,000,000 units.
The FT Token serves as a multifaceted utility, primarily used to incentivize interactive activities within the Fracton Protocol ecosystem. Additionally, it plays a pivotal role in governance votes, where it facilitates the determination of incentive proportions via vote-escrowed FT.
The FT Network’s Robust Security Mechanisms
FT is an Ethereum-based token, compliant with the ERC-20 standard. As a result, it benefits from the robust security afforded by Ethereum’s Ethash algorithm.
Acquiring Fracton Protocol (FT): A Comprehensive Guide
FT is accessible on esteemed cryptocurrency exchange, KuCoin (
https://coinmarketcap.com/exchanges/kucoin/
).
The FractonX Methodology
Fracton pioneers NFT liquidity through its innovative 2-step fractionalization process, effectively democratizing access to expensive non-fungible assets by breaking them down into affordable shares. As a crucial determinant of NFT market trading, liquidity plays a pivotal role in shaping the efficacy of NFT pricing. To bolster NFT liquidity and optimize protocol efficiency, FractonX presents a quartet of solutions:
Liquidity Unlocked: FractonX’s Novel Approach to NFT Fractionalization
By involving the entire target NFT collection, rather than a single NFT token, FractonX pioneers a new frontier in NFT financialization. This is made possible through a two-step fractionalization process (Raw NFT (ERC721) → pNFT (ERC1155) → hiNFT (ERC20)) with a fixed swap rate of 1:1000, thereby empowering FractonX to scale effortlessly.
Pool-Less Swap: Efficient Liquidity Provision
The innovative “LRMB” mechanism facilitates the seamless locking and releasing of tokens on one side of ERC721/ERC1155/ERC20 token pairs, while minting and burning tokens on the other side. This eliminates the need for initial liquidity and LPs, thereby streamlining the process of building a liquidity pool.
Permissionless Protocol: Unfettered Access and Immutability
The protocol’s services are open to the public, with no restrictions or filters. Moreover, the protocol is immutable, meaning it cannot be upgraded or controlled by any entity.
Stateless System: Optimized Efficiency
The stateless system design ensures that no additional state variables need to be updated for user actions, resulting in a significant reduction of over 25% in gas fees for token exchanges and over 50% for converting upNFT into pNFT.
Beyond that, FractonX boasts a remarkably low transaction fee of 0.2% and a redemption fee of 0.3%, thereby significantly reducing the friction associated with trading and swapping.
Notably, FractonX leverages NFT fractionalization to create NFT ETFs in collaboration with prominent exchanges, such as KuCoin, thereby facilitating more precise market-driven pricing for top-tier NFTs and providing efficient oracle services grounded in liquidity for the NFT market. This innovative approach effectively addresses the majority of challenges inherent in the NFT market, including pricing mechanisms, low loan-to-value ratios, liquidation mechanisms, and shallow price depth, among others.