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Dear KuCoin Users,
To show appreciation for KuCoin users’ support of hiBAYC and hiPUNKS, KuCoin and Fracton Protocol have committed to providing 3 Tiffany & Co. NFTiff Passes and hiNFT (hiBAYC or hiPUNKS) rewards to all the eligible participants.
Promotion 1: Meta Swap CryptoPunks, Win a Tiffany’s NFTiff!
Campaign Period: 05:00:00 on August 9, 2022 - 00:00:00 on August 12, 2022 (UTC)
How to Participate:
- Buy 1,000,000 hiPUNKS on KuCoin Spot Market;
- Withdraw hiPUNKS to your MetaMask wallet;
- Exchange 1,000,000 hiPUNKS for 1,000 People's PUNKS via Fracton Protocol Meta-Swap;
- Using Fracton Protocol Meta-Swap again, exchange People's PUNKS into one random CryptoPunks locked in Fracton Protocol’s Meta Swap pool.
The first 3 users who meet the reward requirements will receive one Tiffany & Co. NFTiff Pass (~50,000 USD) within 2 hours after redeeming their CryptoPunks successfully.
- The redemption process is open and transparent on the chain
- Up to 1 NFTiff Pass per wallet address
Promotion 2: Meta Swap and Hold People's BAYC and People's PUNKS, Enjoy at least 152% APR！
Campaign Period: 05:00:00 on August 9, 2022 - 00:00:00 on August 20, 2022 (UTC)
How to Participate:
- Buy/Hold at least 1,000 hiPUNKS on KuCoin Spot Market;
- Withdraw hiBAYC or hiPUNKS to your MetaMask wallet;
- Exchange 1,000 hiPUNKS or 1,000 hiBAYC to 1 People's BAYC or 1 People's PUNKS through Meta Swap on Fracton Protocol;
- Hold People's BAYC or People's PUNKS in your Metamask wallet.
During the campaign period, users can enjoy at least 152% APR by exchanging and holding People's BAYC and People's PUNKS. In addition, the first 50 daily new People's BAYC and People’s PUNKS can also get an additional 30% APR.
e.g. Alice has a holding of X People’s PUNKS in her wallet. Assume that the total number of days of valid holding is Y. Alice’s final hiPUNKS token reward will be counted as: X * 1,000 * APR * Y / 365
- Snapshots Period: from 10:00 (UTC) August 8 to 00:00 (UTC) August 20, 2022.
- Reward Distribution Time: T+1 (next day); issued daily
About Fracton Protocol
Fracton Protocol believes that liquidity is the foundation of both DEX and CEX, so Fracton aims to build a solid liquidity infrastructure for the NFT ecosystem to ensure its design conforms to the financial logic, and technical availability and scalability.
Fracton Protocol Token (FT) holders play a key role in conducting the future permissionless proposal and voting governance of the Fracton Protocol. In addition, Fracton Protocol reinforces the financial properties of NFTs by fractionalizing the NFT Collection and enhancing the liquidity of the NFT trading market.
What is People's NFT?
People's NFT is the intermediate state of NFT and hiNFT. Fracton Protocol aims to enable users to purchase and fractionalize NFT in a permissionless way. Each ERC721 NFT will be locked in the protocol to mint 1,000 ERC115 tokens – People's NFT, which will be further fractionalized into 1,000 hiNFT. This way, 1 ERC721 NFT will eventually be fractionalized into 1,000,000 ERC20 tokens – hiNFT.
Which NFT Collections does Fracton Protocol support?
Currently, Fracton Protocol has listed hiPUNKS and hiBAYC, two ERC20 tokens corresponding to CryptoPunks and BAYC, on KuCoin. In addition, users can freely trade on KuCoin and DEX, and swap for People's NFT or NFT via Fracton’s Meta-Swap. In the near future, Fracton will also launch fractionalized ERC20 trading pairs corresponding to The Sandbox, Otherdeed, and ENS, so please stay tuned!
Find Fracton Protocol on Socials:
Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
The KuCoin Team
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.