App Description
Fractit is a tokenization marketplace that empowers anyone to digitize and trade real-world assets (RWA) effortlessly.
By bringing RWAs fully on-chain, we make them more accessible and liquid. Users can own, list, and sell tokenized assets, earn passive income, and unlock liquidity through DeFi.
Team Background
I’m Sunny Kumar, an entrepreneur and blockchain enthusiast. I founded Supplyz, a B2B hyperlocal company, and built HLTH Run, a blockchain-powered fitness app that surpassed 100,000 downloads. As a co-founder of Auxesis Group, I was part of its journey to being recognized among the Top 100 Most Influential Blockchain Companies globally (2018-2019). Now, as the founder and CEO of Fractit, I’m focused on reshaping real-world asset tokenization and decentralized finance.
Contract Source Code
Contract(s) Description(s)
Fractible is a smart contract that enables users to purchase CW20 tokens representing fractional ownership of a property at a fixed price, denominated in a predefined base token.
Deposit Function: Users can acquire up to the maximum supply of property tokens by depositing the base token. The contract then mints and transfers the corresponding amount of CW20 tokens to the user.
Withdraw Function: Users can redeem their property tokens in exchange for the base token at a predefined exchange rate
Audit
No separate audit has been conducted, as the contract is built on the existing CW20 standard, which is widely used and tested within the ecosystem. However, security remains a priority, and we follow best practices to ensure safe and reliable smart contract implementation.