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WTF is FAKTÜRY
FAKTÜRY represents a luxury street fashion brand bridging physical and digital collectibles via the backing of NFTs. We will host DROPs consisting of various products with a limited supply. For each DROP we plan to collaborate with a PFP NFT project and the NFT minted to the user will reflect the physical item purchased, designed in the partnering project's art style. i.e. 8-bit pixels
These NFT's will be an access pass to enable conversion to wearables in the partnering Metaverses on avatars and possibly other entities. FAKTÜRY™ will conclusively evolve into a vital component for the parent conglomerate FAKTÜRA, further discussed in the "Birth of FAKTÜRA" chapter.
The physical product will be mailed to the purchaser as an ordinary retailer would send them. The NFT will be given directly to the customer upon transaction completion.
Unleashing the power in the combination of utility and scarcity is the agenda and it will be enforced in any way pragmatically imaginable.
We have signed up for an unprecedented objective and will have unprecedented hurdles to cross. Please enjoy the ride!
FAKTÜRY = Fashion-Tech business
FAKTÜRY was created in the quest to expand the use-case for Non-Fungible Tokens and apply Web3 tools to modern retail. Being a blockchain-based company, our abilities are practically limitless as it applies to experimentation in business practices.
There was much consideration of the Metaverse transformation occurring in society, an imminent action for a digital-forward era. Fashion will play a huge role, as it is the public expression to emphasize who you are or would like to become.
FAKTÜRY will assure to produce products only of superlative quality and will seek the embrace of all stakeholders.
We favor the label as being an accent to the Metaverse infrastructure and will cooperate with any eligible, strategically plausible organization or project.
Gotta <3 the people!
This is a mechanism offered ideally to unleash more value in the token and truly reward loyal holders. After each DROP there will be a set portion of proceeds allocated to all coin holders. The amount dedicated to holders will be announced prior to launch.
After all DROP's are finalized, the consumer that spends the most $FAKTURY for their purchases will receive 3 $FAKTURY. The second most will receive 2 $FAKTURY. The third most will receive 1 $FAKTURY.
Examples
Our community decides to sell out the entire inventory from DROP 0. The proceeds obtained by the launch will have a portion dedicated towards buybacks into the $FAKTURY token as well as be distributed directly to token holders.
In the instance that the same portion of tokens we established to allocate to token holders and purchase into the token is reached, we then will only airdrop the set portion to holders.
FAKTÜRY™ is obliged to inform current and future $FAKTURY token holders about the accompanying risks for users when transacting with blockchain technology. Holding a whole or fractionalized $FAKTURY, declares the user fully responsible in understanding the risks that accompany transacting with blockchain technology.
The primary objective of the FAKTÜRY™ White Paper was to provide clarity in the intentions of our project and to sustain trust within the FAKTÜRY™ Family. This document is a marketing document and is not intended to be legally binding. This token is a speculative asset and should be bought, sold, and transacted with as such. No information within this document constitutes a recommendation on behalf of FAKTÜRY HÜNCHO, FAKTÜRY™ or FAKTURY LTD. CO. to sell, buy, or transact with $FAKTURY. FAKTÜRY™ seeks only to inform the public and never advertise as an investment contract. The distribution of the token $FAKTURY and its social development does not amount to investment of money, contract, scheme, or transaction, in a common enterprise, with a reasonable expectation of profits.
All users of the project agree to indemnify founders, developers, designers, engineers, associations, contributors, sponsors, marketers, traders, exchanges, and wallets, against any loss or damage, profit, capital, investment, in connection with all FAKTÜRY LTD. CO. associated transactions. FAKTÜRY™ advises that potential buyers should only invest money that you are willing to lose. The current token economy has grown immensely and there have been a myriad of pump and dump schemes. The volatility within this market influences every coin involved, yes even ours!
The company FAKTURY LTD. CO. backing the token $FAKTURY is licensed and trademarked and seeks to only maintain legitimacy with any FAKTÜRY™ associated product or project.
Official rarity applied to all DROP products.
The traits are composed of the following:
Background
Minting Number
Let’s decompose what this means:
Background
represents a standard color or style used at the base layer of the NFT. They will be accented by the partnering NFT project’s in some form of fashion. More details will be made once the partnering NFT project is announced.
Minting Number
This is a number assigned to all products released within any collection. These numbers will range from #1–326 for each product. The distribution model will be linear, meaning the rarest mint is #1 and the least rare mint is #326. In order to interact with the metadata and associate the minting number with a rarity, we have created a percentage allocation.
Mint Rarity Solution
E.g. Sammy bought a product. This product was mint #5. The rarity percentage of this product sector is 1.53%.
Each trait follows its own distribution model, which empowers the significance of the collectible to truly be in the perception of the Holder or potential buyer. These ratings are based on public sale items.
filter items by transit status and availability:
Grail status is a way of purchasing the NFT, but not redeeming the Physical linked collectible. This enables the user to transfer the item for direct resell once applicable. Having a grail item represents the physical redeemable being available. If an item is listed as Grail, it is being sourced directly from Faktüry. This option will be available at checkout.
Hood Star status is when the physical collectible is listed for resell, though remains with the recent purchaser (delayed). In the case there is a buyer, the holder will ship it to a Faktüry certified location for item verification. Once verified, we will unlock resell functionality to the buyer.
This mechanism will take effect prior to DROP 1 (second release), the exact date is TBA.
$FAKTURY - Native token for FAKTÜRY
$FF - Native token for FAKTÜRY Finance ( FakFi )
Address - code assigned to crypto wallet
Airdrop - A distribution of tokens allocated to token holders
GUI - Graphical user interface
Metaverse - A virtual-reality space in which users can interact with a computer-generated environment and other users.
Staking - enable holders to monetize a users crypto holdings that would otherwise lie idle in one's crypto wallet
Release Q2 2023
Staking instrument in which we will debut Faktüry Finance, FakFi, A pool in which one would be able to stake their $FAKTURY in return for $FF and their $FF in return for $FAKTURY. FakFi, $FF, the utility token for this mechanism.
The only way to receive $FF upon launch will be by staking $FAKTURY via our GUI. More info TBA.
There are a total of 326.000.000 tokens
80% - STAKE - 260.800.000
10% - MARKETING - 32.600.000
10% - FOUNDER - 32.600.000
Real life applications for FAKTÜRY
1.
Alice and Bob are loyal $FAKTURY holders. Today is the official launch of the FAKTÜRY DROP 0 RAGRAT collection. Since they are whitelisted as a holder of 0.5 $FAKTURY, they are given access to mint, a duration of time before the general public.
2.
DROP ‘X’ ends! The merchandise has sold out! FAKTÜRY promises to allocate a (publicly available) amount toward the buyback of $FAKTURY token and distribution to holders via $FAKTURY token. (More info in Operation buyback & Airdrop)
Not only this, but we will allocate a (publicly available) amount towards a charity or institution. May even begin our own.
Bob will receive confirmation of his purchase with an NFT of the purchased product attached. Based on the standing partnerships, this will ultimately dictate the interoperability of the wearable. In the instance of metaverse integration, one can access the avatar and enable the item purchased to be worn within that Metaverse.
The physical product will be mailed, and upon delivery we will have QR-capability to which you can scan the actual product and get directed to your NFT. Perks associated with the collectible will be announced prior to each DROP.
*Customers will be able to purchase as many items as they would like, until there is a critical reason to bottleneck the quantity that can be purchased at a time. In which majority of the community has decided to overrule this original setting.
Effective upon DROP 0 launch (XLS-20D main-net) the official patent will be filed.
XRP addresses associated with early invested whales, blackholed address, airdrop and escrow
Whales – Contractual Agreement
· rhaBHCK6vqBBjb4TbgvDaVVPGsW3Je4AtL
· rfutVaGygAtZvaFymL2a1V95AcruJuDtyz
Blackholed
· rNwBNkHz3ZAnx77XFjGR8nRnZHw4gKgmpr
Airdrop
· rG3qGSDskfbFmiftWFBXMroJUSSjmGrADE
Escrow
· rs9i4d9jECRqWmhMk6Nupbg9Pxocco8EsU
Native token
0.5 $FAKTURY to receive pre-launch access to a DROP
All payments for DROP's
i.e. Assume the conversion rate for 1 $FAKTURY = 15 XRP and Piece 1 costs 2 $FAKTURY or 50 XRP. Given you would be paying a value of 30 XRP, you have saved 20 XRP in total!
Pricing will be determined and publicized one-month prior to launch.
Staking mechanism called FakFi, (Read more in FakFi chapter).
Issuer account is blackholed, meaning there will never in history be another $FAKTURY coin issued.
There are a total of 1.630 tokens
3% - ACADEMIA CRYPTO RESEARCH AND CHARITY - 48.9
12% - FOUNDER - 195.6
35% - MARKETING AND BUSINESS OPERATIONS - 570.5
50% - COMMUNITY - 81
As token price appreciates, the distribution amount will be decreased from the founder’s share and used as a project benefactor.
A third of the Founder’s share has been escrowed in a contractual agreement to release half of the tokens December 2022 and the rest March 2023.
Two early recipients of more than 10 $FAKTURY tokens, (whales) if you will, have signed contractual agreements detailing that they will not sell more than 4 tokens until Q1 2023. These precautions are done in efforts to allow for a rug-pull free project and establish trust within our community.
We added a token allocation toward education, because we firmly believe knowledge is power. Massive adoption for the next frontier of WEB3 will have to come through guiding others and empowering them with learning tools.
Cross-chain interoperability is a priority in ensuring our vision is not minimized due to limitations on any one blockchain network.
Visit https://app.multichain.org/#/router and hold your $FAKTURY in your MetaMask wallets!
In collaboration with Multichain, we have enabled the bridge of $FAKTURY across the AVALANCHE and BINANCE Chains!
Where to now?
FAKTÜRA is the ecosystem behind FAKTÜRY
Expansion is at the forefront.
Fashion. Technology. Finance. Real Estate. Agriculture.
Our mission aside from XRPL Metaverse integration and FakFi will continue to be in quality, and focus on creating worthwhile experiences for our FAKTÜRY Family in all stages of growth. Our style of structure will forever be flexible, yet grounded in utility.
Quantum Fingerprint Identity
Q-ID®s provide trusted product authentication, identification, and brand protection on a global scale by securely connecting brands, their supplier networks, and end customers in real time, armed with nothing more than a standard smartphone.
This technology is vital in enacting trustless service and limiting any replicas from being distributed.
Along with these benefits, imagine the impact when associated with a blockchain network associating each Q-ID® item with an NFT. The holder will have a footprint of when the item has left the manufacturer to the very final destination all on-chain!
We are working hard to ensure this becomes a part of all DROP products post-DROP 0.