Buybacks and Staking

TLDR: This is a revenue-generating protocol. A share of revenues go to buybacks. Buybacks are distributed to stakers and users.

We are focused on growing protocol revenues for $FRNX. You can see it here at this link. Revenues

50% of all protocol revenues will be used to buyback tokens from the market via a TWAP. This will occur monthly.

These accumulated tokens bought back will go to a dedicated payout address. We will announce this address when we commence our first buyback.

From this payout address, we will split into 2 groups of recipients:

Firstly, all those who have their tokens staked will receive 50% of the buyback. We will look back at their weighted average staked holdings over the month and distribute accordingly. This is a staking reward.

Secondly, all those who were protocol users will receive 50% of the buyback based on fees paid. We will look back at their share of fees paid over the month and distribute accordingly. This is a protocol usage reward.

Earn while you grow the Franklin X protocol

If you have staked with Franklin X, you will be rewarded.

If you have used the Franklin X, you will be rewarded.

Be smart and buy the dip with Franklin X