Initial Content Minting
For each piece of work, as soon as the Creator is signing in in Frak, a personal NFT is minted, owned by the Creator, present in the Creator's custodial wallet.
Then, Fraktions are dropped and can be purchased by users. The number of dropped Fraktion and their type are decided by the Fraktion Supplier:
Diamond
Gold
Premium
Common
Free
Each type matches with a profitability. More profitable Fraktion are rarer.
One Free Fraktion is automatically minted for free as soon as a User claims it after having interacted with the content.
Every Fraktion is minted once bought by a User or an Investor. The Initial Price is the same for each Creator and for each work. It is defined as below :
Initial Price | |
---|---|
Diamond | FRK3000 |
Gold | FRK1200 |
Premium | FRK500 |
Common | FRK90 |
Free | One for Free |
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