Fraxtal Point System (FXTL)

The Fraxtal Point System introduces FXTL, a unique ticker representing points within the Fraxtal ecosystem. It plays a crucial role in rewarding and incentivizing participants in the ecosystem including creating and interacting with smart contracts, utilizing new protocols deployed to the chain, and holding specific types of assets/tokens.

The accumulation of these points is tracked and managed through the main FraxtalPoints contract, which serves as the ledger for all FXTL-related transactions and balances. Users can access and review accrued FXTL points via this contract. Users can also see current earning multipliers here (opens in a new tab).

FXTL points will be tokenized no later than 12 months after Fraxtal chain genesis. Whether FXTL points will be tokenized as a separate staking token for the chain (FXTL) or convert to FXS tokens at a specified ratio (or a combination of both) will be revealed in the future.

The FXTL points smart contract is deployed and interactable on Fraxtal mainnet: