What is Fracton Protocol?Fracton Protocol is a fractionalization trading platform for blue-chip NFTs. It enables efficient price discovery and equity distribution of NFTs by allowing users to buy, own, and trade fractionalized tokens in ERC-20 and ERC-1155 standards.What is NFT Fractionalization?NFT fractionalization refers to splitting a complete NFT into smaller pieces, thus allowing multiple people to gain partial ownership of the same NFT. Users can imagine NFT as a cake, and fractionalization is to cut up the complete cake for numerous people to enjoy.How does Fracton work?When you come to Fracton Protocol, you can join the open fundraising, which is the first step of the fractional process of the target NFT. After receiving your People’s NFTs (i.e., the ERC-1155 fractions), you can swap them for smaller pieces of ownership — the $FFTs (i.e., the ERC-20 tokens) — at a 1:1000 ratio.If the fundraising round succeeds, Fracton Protocol will acquire the targeted NFT and deposit it into the treasury. Then, the fractions owners are allowed to redeem any NFTs with enough People’s NFTs instantly.If the fundraising round fails, Fracton will use the funds raised to repurchase the accrued $FFT released in this round, ensuring the exchange rate is valid.Meanwhile, fractions owners can trade $FFTs in DEX and cooperative CEX, seeking arbitrage opportunities.

Fracton Protocol IEO Page on Kucoin Spotlight

Announcement of Fracton Protocol (FT) Token Sale on KuCoin Spotlight

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What is Fracton Protocol?Fracton Protocol is a fractionalization trading platform for blue-chip NFTs. It enables efficient price discovery and equity distribution of NFTs by allowing users to buy, own, and trade fractionalized tokens in ERC-20 and ERC-1155 standards.What is NFT Fractionalization?NFT fractionalization refers to splitting a complete NFT into smaller pieces, thus allowing multiple people to gain partial ownership of the same NFT. Users can imagine NFT as a cake, and fractionalization is to cut up the complete cake for numerous people to enjoy.KuCoin will be launching the 23rd Spotlight token sale with&nbsp;Fracton Protocol (FT)&nbsp;on August 9, 2022 (UTC). The FT token sale will operate using the proportional distribution model.<ul><li>Token Name: Fracton Protocol (FT)</li><li>Spotlight Hard Cap: 600,000 USD</li><li>Spotlight Allocation: 3,000,000 FT</li><li>Spotlight Token Sale Price: 1 FT = 0.2 USDT</li><li>Token Supported: KuCoin Token (KCS) Only</li><li>Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale</li><li>Token Sale Format: Proportional Distribution Model (PDM)</li><li>Spotlight Token Distribution: 50% will be unlocked at TGE. The remaining 50% will be on monthly linear vesting for 2 months.</li><li>Total Token Supply: 100,000,000 FT</li><li>Initial Circulating Supply: 1,500,000 FT</li></ul>Spotlight Token Sale Timeline:<ul><li>At 12:00:00 on August 9, 2022 (UTC),&nbsp;KuCoin&nbsp;will launch the Spotlight Token Sale and open the subscription for FT.</li><li>At 00:00:00 on August 11, 2022 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants.</li><li>From 08:00:00 to 09:00:00 on August 11, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified user ‘Trading Account’&nbsp;and distribute the corresponding amount of FT.&nbsp;We highly encourage you to have at least 30 KCS in your Trading Account on August 11, 2022. If the deduction is successful, the FT will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost.</li></ul>

Fracton Protocol

Fracton protocol provides permissionless
liquidity and oracle for all kinds of NFTs

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