FractonX 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 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 FractonX
Used for governance votes to determine incentive proportions via vote-escrow FT
Fracton is open to any individuals or organizations to involve their NFT collections in Fracton ecosystem. Fracton aims to allow everyone to “Buy your favorite top NFT in any amount”.
## Ｍethodology of FractonX
Fracton 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, FractonX introduces four solutions:
Liquidity Prompting
The whole target NFT collection, instead of a single NFT token, is involved in FractonX. 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 FractonX 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.
Permissionless 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, FractonX asks for only 0.2% transaction fee and 0.3% redemption fee, which minimizes the trading and swapping fiction.
Importantly, FractonX uses NFT fractionalization to build NFT ETF with exchanges, such as KuCoin, to bring more accurate market fair pricing to top NFTs and provide efficient oracle services based on liquidity for the NFT market. It can tackle most challenges in NFT market, like pricing mechanism, low LTV ratio, liquidation mechanism, poor price depth, etc.
## 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.
How to Buy FT on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing FT. Some reputable platforms include MEXC、KuCoin、BingX, and others.
Step 2: Register an Account
Here, we'll register an account on the KuCoin(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing FT.
Step 5: Purchase FT
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of FT you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy FT.
Step 6: Store Your FT
After purchasing, you can choose to store your FT in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and FT assets, be sure to use a strong password and enable two-factor authentication.
FT Price:FractonX is an industry-leading sharding protocol that utilizes a comprehensive infrastructure layer to reshape any asset for optimal price discovery opportunities.The price fluctuates daily, you can go to the exchange: KuCoin to check the price.
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