Home Fracton Protocol (FT): Now you can split NFTs.

Fracton Protocol (FT): Now you can split NFTs.

Cryptos

$fracton protocol FT crypto$

4 min read

The Kucoin platform has a rather interesting service for crypto investors with a keen nose. It's called "Spotlight" and it's the space where Kucoin launches new projects, new listings. It's similar to a crypto launchpad. This means that it is a space where you can invest upstream in new crypto projects.

This is then the opportunity to discover new projects on the one hand and to invest at the beginning. It is a strategy to optimize gains when the project grows in importance over time.

So, today, we invite you to discover the project Fracton Protocol (FT) which will be released on August 9, 2022 (UTC).

To obtain FT tokens, you must follow the process to obtain tokens on the Spotlight of Kucoin.

In this article, we will explain to you how it works here if you want to get Fraction Protocol token.

What is Fracton Protocol (FT)?

Fraction Protocol is an innovative project which consists of fractionating (as the name suggests) NFTs.

As you know, some NFTs are inaccessible to small exchanges with NFTs worth tens of thousands of euros. Typically, this is the case for the famous NFTs in the collection Bored Ape Yacht Club (BAYC), for example.

So, the idea of Fraction protocol, by splitting NFTs, and bringing more liquidity to the NFT market.

The idea is therefore to be able to buy fractions of recognized and expensive NFTs in the form of ERC-20 tokens for example.

For the moment, NFT fractions exist for the collection of cryptopunks and BAIC. The respective tokens are HIPUNKS and HIBAYC.

There will be other NFTs split later, naturally.

How to participate in the sale on Kucoin?

To participate, the investor must have a minimum of 100 Kucoin Token (KSC). This is the native token of the Kucoin exchange platform.

Today, as we write this article, 100 KSC is worth around $1000. Owning KSC tokens is your ticket to participating in the Kucoin Spotlight program.

➡️ So, the first step is to register on the Kucoin platform. Then, all you have to do is buy the KSC token directly on the platform.

➡️ The second step is to pass the KYC. (It is not mandatory to follow KYC if you only want to trade). To participate in the sale on Spotlight, you must complete KYC level 2.

➡️ Once your KYC is accepted, you can click on “Participate Now” on the Spotlight page. This is how you will see the Fraction Protocol token sale.

Immediately after, you will be able to participate in Kucoin's Spotlight token sale. However, some sales have requirements such as signing up for "whitelists". This is not systematic.

We will now see how the FT token sale takes place.

How does the Fracton Protocol token sale take place?

To be able to register for the token sale, here are the dates to remember:

Token sale registration start time: August 9, 2022 (at 12:00 UTC)
End of registration for the token sale: August 11, 2022 (at 00:00 UTC)

For a fair share, there will be a fair allocation between all participants. Thus, each participant will receive the same maximum number of tokens. This is called the “hard cap”.

Each participant will receive an amount equivalent to $200 (i.e. 1000 FT)

Note: For those already familiar with Kucoin Spotlight, there will be bonuses. So, people who own 2000 HIBAYCS or HIPUNKS will receive double their allocation.

It is in fact possible now to buy these tokens on the platform.

Elements of the sale of the Fraction Protocol token

Total Spotlight allocation is set at 3 FT sold.
Total token supply: 100 FT
Spotlight token sale price: 1 FT = 0,2 USDT
Token Sale Format: Proportional Distribution Model (PDM)
Spotlight Token Distribution: 50% will be released at TGE. The remaining 50% will be in monthly linear acquisition for 2 months. It is from there that holders will then be able to resell them on Kucoin directly.

How to register for the whitelist?

The Fraction Protcol token sale is highly anticipated among investors. So, to limit entries and sort, there is a requirement to register on a whitelist.

You need to go here to complete a few simple tasks. In reality, as is often the case, you will need to follow the Fraction Protocol project on social networks as well as Kucoin.

The lien Gleam to the page to be whitelisted: https://gleam.io/ul1cV/to-be-whitelisted-on-fracton-protocol-ft-spotlight

Final Note on Fracton Protocol Crypto

Remember that any investment involves risk. Kucoin's Spotlight channel can be a risky investment. The projects are still young and have not (because this is the principle) been fully deployed. You will therefore always have to make your own fundamental analysis.

No one can guarantee the future success of the project.

Likewise, for those who prefer, it is also possible to buy tokens from the NFTs of your choice which will be split.

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