Exploring the 27th Project on Kucoin Fractional NFTS: What You Need to Know
After what felt like ages of anticipation, The People’s Exchange has finally dropped the announcement we’ve all been waiting for.
The 27th project on KuCoin Fractional NFTs is here!
I mean, it’s been like forever since they released the last one which is HiBEANZ, so you can imagine how thrilled not only I, but all the KuCoin users were about this news.
But what really adds up to our excitement is none other than the 27th project itself — the incredible HiBAKC.
A look at Bored Ape Kennel Club NFTs
The Bored Ape Kennel Club (BAKC) collection was created simply because they have a deep love for dogs and wanted to offer their members something fun and exciting.
Notably, the BAKC collection incorporates a 2.5% royalty fee on secondary sales through OpenSea. But what truly captured my attention is the project’s admirable initiative during its initial launch on June 18, 2022. For the first six weeks, all royalties generated were generously donated to animal charities, resulting in over $1M being contributed to organizations such as Organgutan Outreach, Friends of Bonobos, Wright Way Rescue, and the Wolf Conservation Center.
What’s in it for KuCoin users?
While I have covered Fractionalized NFTs in previous blog posts, I’m sure that some of you might still have questions regarding the Hi-tokens. You’re probably wondering what perks they bring besides being a fraction of a specific NFT. Also, we all know how important it is to understand their various use cases and utilities and how they can directly benefit KuCoin users.
Well first off, The utility of HiNFTs goes way beyond just owning a fraction of an NFT. For starters, they can serve as ecosystem tokens for the underlying collections, unlocking exclusive benefits, rewards, and even governance rights for token holders. Imagine being part of a vibrant community, participating in the decision-making processes, and shaping the future of your favorite NFT projects.
As HiBAKC gets listed on the KuCoin exchange, users will gain access to a wide range of trading features, including cutting-edge trading bots, an enhanced user experience, and interface, as well as the advantage of zero gas fees and reduced self-custody risks. The cherry on top? Each hi-BAKC can be acquired at a mere 1/1,000,000th of the price of the original BAKC NFT.
If you’re interested in participating in the HiBAKC Token Sale which will start its subscription this 09:00:00 on May 25, 2023 and ends 11:00:00 on May 25, 2023 (UTC). It is advisable to check it ASAP though, since this kind of sale literally ends really fast because of the number of users who have been participating. You can find all the necessary information and details by clicking this link.
Final Thoughts
If you’ve been keeping up with NFT trends, you probably know they often make the news for their crazy high prices. Some popular NFTs can go for millions, which puts them out of reach for most people. That’s where Fractional Non-Fungible Tokens come in and why they’re gaining popularity.
More and more folks are realizing that having a small piece of a fancy and expensive NFT is actually better than owning a bunch of less valuable ones for the same price. Fractional NFTs allows you to participate and possibly benefit from high-ticket NFTs that would otherwise be prohibitively expensive to purchase outright.
When considering fractional NFT investments, it’s important to seek out an NFT financial infrastructure that effectively separates the financial value of NFTs from their utility. This separation makes it possible to afford and combine blue-chip NFTs seamlessly within both centralized exchanges (CEX) and decentralized applications (DApps).
Now, I might sound a bit biased, but based on my personal experience, Fracton protocol ticks all the boxes. Not only does it fulfill those requirements, but the team behind Fracton is fully committed to setting the standards for NFT fractionalization and making NFT ownership as smooth as possible. Like, what more could you possibly ask for?
That’s about it for today, guys! Thanks for reading this blog and I hope to catch you in the next one. Stay awesome!
