***Note***
At time of writing Fada is pre mint and not ALL has been revealed yet. The team is on regular twitter spaces and is more than happy to engage and answer questions.

Community

Community is an important part of the Fada project. “The Fada Show ” will be a live space at least twice a month where founders will be live with the community delving into topics such as market updates, general economy, mental health and even inviting other projects onto the space to build bonds between communities.

Fada is so community orientated that they will allow ideas on project direction to be pitched to the 3 founders.

If 2/3 agree these ideas can come to fruition.

The FADA Redemption System (FDS)

Fada NFT Holders

Holders may stake their NFT to receive FADA points. Be aware these points are non transferable. Additional points will also be available to purchase. Holders can browse the platform and redeem points in return for FADA Digital Product NFT’s. These can either be traded on FADA’s digital marketplace or burned and redeemed for the physical product delivered to your door.
It is unconfirmed but a burning fee may be applied to cover shipping costs and a selling fee may be applied.

Non Holders

Points can be purchased via the platform or the FRS or may be rewarded via purchases using the platform.

Project Revenue Streams

• Royalties on trading the Fada collection will assist in sustaining the FRS platform.
• A seller fee with be imposed on products listed on the FRS platform, this small fee will be returned to the project
• The selling of Fada points to both holders and non holders will provide revenue for the project

Team Members	Role

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Hadd Co-Founder

https://twitter.com/haddfada

Marc Co-Founder

https://twitter.com/faydenmarc

Fares Co-Founder

https://twitter.com/faydenfares

Silo – Core Team and Community Manager

https://twitter.com/SILOx_x

JuujuGirl – Artist

https://twitter.com/JuujuGirl

The Polygon chain is fresh and both infrastructure and utility is limited so first mover advantage is still up for grabs. Many have already gone down the path of creating staking and raffle sites but Fada has taken their own direction.

The Fada Redemption System benefits not only holders being able to obtain irl items but retailers can utilise this platform to gain exposure to their items. Using points on the platform eliminates the need for tokens which the overall market is moving away from.

One thing I found interesting was the clever distribution of mint funds

• 25% Talent Acquisition and Team
• 5% Legal and Compliance
• 20% Marketing and Partnerships
• 35% FRS Upkeep and Operation
• 5% Art and Branding
• 10% Treasury

As you can see a large portion is allocated to both marketing and platform upkeep. This is a smart move as this is their advantage over others. Getting eyes on a functional platform is what will make or break the project.

I found the team to be very active in both the server and out in socials. As it stands Fada has over 23k twitter followers with many genuine comments and reactions on each post. They have been in many spaces and have a friendly relationship with many of the strongest Polygon communities.

Building a strong community is one focus of Fada and regular community spaces has created an organic following which is continuously growing in both numbers and strength. A quick search into who is behind the collabs and promotion in this project found some very reputable people in the space. I see no reason why the community cannot continue to build exponentially from this point.

My biggest concern is the art. It does have an interesting lore behind it all but does not have the wow factor and attention to detail required to be a great pfp.

At this stage Fada is the only project I am aware of on Polygon with this unique digital marketplace for trading irl items. Should they produce a quality platform in a timely manner the potential to take a huge piece of market share is theirs.