David Edwards

Published On: 18/10/2024
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Xion Airdrop: New Fractit Task
By Published On: 18/10/2024
Xion Airdrop

We are already participating in the Xion testnet. Now, there is a new task available, and by completing it, we can get an NFT. Fractit allows you to own a fraction of real estate through our native NFTs, known as “Fractibles” or FNFTs—ERC-404 based tokens that are fully backed by real-world assets. Fractit is making global real estate accessible and liquid by bringing it entirely on-chain. Fractible holders earn rental income from their properties and can use them to access liquidity or earn yield through DeFi.

Step-by-Step Guide:

  1. Firstly, we need to get test $USDC
  2. Go to website and login
  3. Find the “Join Lacoste le Club” task and complete all available missions. You will receive 5 test $USDC (it may take 15-20 minutes to arrive).
    Xion_Fractit
  4. Then, go to website and click on “Sparkle Tower 2”.
    Xion_Fractit
  5. Now we need to invest our test $USDC
    Xion_Fractit
  6. Then, go to Mercle website and verify the fractit task
    Xion_Fractit
  7. Make sure to complete all available tasks (see detailed instructions)Xion_Fractit
  8. Finally, make sure to check if you’ve completed all the tasks in the testnet.

A few words about Fractit:

Fractit offers several great benefits for anyone looking to get into real estate:

  1. Lower Entry Cost: With Fractit, you can start investing in real estate with as little as $100. This lowers the usual financial barrier of buying property, making it accessible to more people.
  2. Better Liquidity: Fractit lets you trade fractional ownership (called Fractibles or FNFTs) on secure exchanges and lending platforms. This creates a vibrant secondary market where you can easily sell or manage your holdings whenever you want.
  3. Passive Income and Growth Potential: Fractit takes the hassle out of property management. You can earn rental income without doing the work yourself. Plus, you get the benefit of potential long-term property value appreciation.
  4. Diversified Investments: With Fractit, you can spread your investments across different real estate assets worldwide. This helps reduce risk and can improve the overall performance of your portfolio.
  5. Inflation Protection: Real estate has traditionally been a good way to hedge against inflation. With Fractit, you can benefit from both rising property values and steady rental income, helping to protect your wealth over time.