The rPAPER
  • The rPAPER
  • Table of Content
  • Introduction
  • The NFT Liquidity Problem
    • The Merits
    • The Flaws
    • The Way Forward
  • xFRAC - Our Solution
  • rTokens - A Fungible State of NFTs
  • xFRAC Wallets
  • The rTokenization Process
    • NFT Fractionalization
    • NFT De-fractionalization
  • xFRAC Token (XFC)
  • XFC Tokenomics
  • XFC Reward Vault Mechanism
    • The Proposed xFRAC Token Reward Schedule
    • Other XFC Reward Structures
  • xFRAC Token Utilities
  • rToken Royalties
  • rToken Governance Process
    • Voting Rules
    • Voting Specifications
  • xFRADEX
  • xFRAPOOL
  • Revenue Sources
  • Real World Applications
    • Tokenization and Fractionalization of Farm Investment
    • Tokenization and Fractionalization of Real Estate Deeds
  • Legal Disclaimers
  • Conclusion
  • References
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xFRAC Wallets

xFRAC Wallets are NFT Vaults and rToken Issuers.

xFRAC wallets are vaulting and exchanging machines for NFTs as their purpose is to do the following;

  • Receive NFTs and issue the corresponding rTokens.

  • Receive rTokens and release NFTs.

  • Receive Fractioning and De-fractioning exchange fees in XRP, XFC, and rTokens.

Our scripts and transaction directory allow xFRAC wallets to detect incoming transactions and make the necessary counter transactions for a complete NFT vaulting and redemption process considered as fractioning and de-fractioning respectively. In a nutshell, xFRAC wallets are XRPL rToken Issuer Wallets that hold NFTs and receive exchange fees on the xFRAC Marketplace. Without xFRAC wallets, there will be no rTokens, and no rTokens means there will be no xFRAC. xFRAC Wallets are a unique application of issuer wallets on the XRPL.

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Last updated 1 year ago