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What is FT?
FT stands for Fracton token. FT holders have a significant role in shaping the future of Fracton Protocol through proposal and vote governance. One of the main goals of Fracton Protocol is to increase liquidity in the NFT market by fractionalizing NFTs. This allows for enhanced liquidity and accessibility to NFT assets.
Fracton Protocol recognizes the importance of liquidity in both decentralized and centralized exchanges. Therefore, the protocol aims to create a liquid market and establish a robust financial infrastructure within the NFT ecosystem. It is crucial to design the protocol to align with financial logic, in addition to focusing on technical utility and scalability.
To learn more about Fracton Protocol, visit our BYDFi Blog.
Answers
What is FractonX (FT)?
FractonX is an NFT-based liquidity infrastructure that aims to release the financial attributes from NFT collectibles by fractionalizing them. It addresses issues commonly found in other NFT liquidity infrastructures, such as low efficiency, high transaction fees, and limited application. The protocol is implemented as a set of smart contracts, including meta-swap, prioritizing censorship resistance, security, and gas efficiency. For instance, Fracton collaborates with exchanges to build NFT ETFs and provide users with an efficient and seamless fractionalized NFT trading experience. By establishing a well-established NFT ETF, Fracton solves NFT price feed problems for various scenarios, such as NFT oracle, NFT lending, NFT perp, etc.
FT is the native utility token used to incentivize interactive activities on FractonX and for governance votes to determine incentive proportions via vote-escrow FT.
Fracton welcomes individuals and organizations to involve their NFT collections in the Fracton ecosystem. The goal is to enable everyone to "Buy your favorite top NFT in any amount".
How many FT coins are there in circulation?
The total supply of Fracton (FT) is 100,000,000.
The FT token is used to incentivize interactive activities on the Fracton Protocol and 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. It is secured by Ethereum's Ethash algorithm.
Where can I buy Fracton Protocol (FT)?
FT is available on [BYDFi](https://BYDFi.com/exchanges/BYDFi/).
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Popular Q&A
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