About Fict Zero
Q: What is Fict Zero?
A: Fict Zero is a foundational pass that bestows exclusive benefits across the entirety of the Confiction Labs universe.
Q: How much Fict Zero supply is there?
A: The total supply of Fict Zero will be limited to 333 units.
Q: Can I cancel my reservation and get my ETH back?
A: No, the funds expended during the reservation process are non-returnedable.
Q: How do I mint my Fict Zero?
A: To mint your Fict Zero:
Connect the wallet previously utilized for reservation.
Click on the "Mint Now" call-to-action (CTA).
Follow the instructions provided on the website.
Kindly await confirmation of the minting process.
Your Fict Zero will be successfully minted.
About Staking
Q: Why should I stake my FICT ZERO?
A: Staking is a direct form of showing your conviction in Confiction, and to reciprocate this support, you will earn rewards within our ecosystem. Rewards increase with a longer staking duration, with the maximum period of 30 months giving you the most rewards.
Length | No Staking | 6 Month | 12 Month | 18 Month | 24 Month | 30 Month |
Point Multiplier | 0 | 1 | 1.25 | 1.5 | 1.75 | 2 |
Daily points | 0 | 10 | 12.5 | 15 | 17.5 | 20 |
Q: How can I stake my FICT ZERO?
A: To stake your FICT ZERO, connect your wallet, visit your inventory and select your FICT ZERO, click 'Stake Now,' and follow the on-screen prompts. A transaction prompt will show up, and then you will finalize your staking.
Q: What are staking points?
A: Points are off-chain and directly credited to your wallet holding the FICT ZERO. You can view your total points, daily points and points multiplier on the inventory page.
More information on how these points can be utilized will be announced in the future, keep an eye on our social media for the latest updates.
Q: Can I unstake or change my staking period plan?
A: You can't unstake until your staking period end and you can't change your staking plan
About Franchise Right
Q: What are Franchise Right?
A: "Franchise Right" is a tiered privilege granted to holders of the FICT ZERO. This benefit allows FICT ZERO holders to apply for and potentially secure franchise rights for the Confiction IP to develop and operate businesses or commercial ventures. To obtain legally-binding franchise rights, the individual or entity must have a FICT ZERO in possession. It acts as a pre-qualification step for franchisees. Holders of the FICT ZERO have the exclusive opportunity to apply for franchise rights, but they must meet certain criteria and go through an approval process. This ensures that the franchises are established by individuals or entities that capable of maintaining the standards and ethos of the Confiction brand.
Q: How is the Franchise Right structured?
A: The Franchise Rights is structured as the following:
- Eligibility and Application: Only FICT ZERO holders are eligible to apply for franchise rights. Applications must be submitted through a specified platform and should detail the proposed business concept, location, and how it will promote the Confiction brand.
- Evaluation and Approval: Applications are evaluated based on their feasibility, alignment with the Confiction IPs, and potential to enhance the brand's image and reach. Approval is at the discretion of Confiction, based on a set of transparent criteria.
- Legal and Contractual Agreement: Once an application is approved, the ZERO holder will enter a formal franchise agreement with Confiction. This legal document will outline the terms of use, commercials, duration of the franchise, and other operational guidelines.
- Support and Oversight: Confiction will provide support in the form of branding materials, promotional strategies, and possibly, initial setup guidance. Continuous compliance with franchise standards will be monitored to maintain brand integrity.
- Retention and Renewal Opportunities: FICT ZERO acts as business license key and should be staked during the duration of contract. Successful franchisees may have the opportunity to renew their agreements or expand their business with additional locations, depending on their performance and adherence to brand standards.
Q: What is the scope of Franchise Right?
A: Franchise Right will be evaluated on case-by-case basis. FICT ZERO acts as the main pre-qualification, while the franchise contract is assessed and qualified with additional legal agreements.
Each application will be evaluated through these scopes:
- Brand Alignment - aligns with the Confiction brand identity and ethos, as well as adhering to the overarching narrative and aesthetic of the Confiction universe.
- Quality Control -standards for quality and customer experience. We might conduct audit and reviews on this as a basis for us to continue or halt the cooperation.
- Geographic Restrictions – we take this into considerations.
- Size and Scope of Operations - small to medium-sized enterprises like themed cafes, merchandise stores, or escape rooms might be ideal, while larger ventures like amusement parks or hotel chains could be restricted due to the complexity and risk involved.
- Legal and Ethical Standards – compliance with laws and regulations. Plus, should uphold high ethical standards.
- Duration and Renewal – we also consider duration and renewal. At application, we give them 1,2,3,4,5 years options.
- The Rights are Non-Exclusive – yet some initial non-compete protection could be discussed, especially during early days.
- Innovation and Independence – boundaries of innovation and independence (if any.)
Q: How to Apply?
A: Please note that:
- Only FICT ZERO holders are eligible to apply.
- Application is done through FICT ZERO Panel and we only allow one application at one time (if you have an application under-review, you cannot apply for another until the review process is completed.)
The application steps:
- Step 1:
- Log In to the FICT ZERO Panel
- Navigate to the FICT ZERO Panel.
- Log in using the wallet that holds your FICT ZERO. This will automatically verify your eligibility.
- Step 2:
- Access the Franchise Application Section
- Once logged in, select the "Apply for Franchise Rights" option from the main dashboard.
- Review any introductory information or guidelines provided about the franchise process.
- Step 3:
- Fill Out the Application Form
- Complete the application form provided in the portal. You will have to provide personal and business contact information.
- Detailed business proposal, including type of business, proposed location, and alignment with Confiction themes.
- Any additional initial business plans or strategies, that you’d like to share.
- Step 4: Submit Your Application
- Once you have filled out all sections of the application and attached all required documents, review your application thoroughly.
- Submit your application by clicking the 'Submit Application' button at the end of the form.
- Step 5: Await Initial Review
- After submission, your application will undergo an initial review process.
- Check your email and portal notifications regularly for any updates or requests for additional information.
- Step 6:
- Participate in an Interview or Discussion
- If your application moves forward, you may be invited for an interview or a detailed discussion.
- And you might be requested to provide:
- Business plan documents.
- Financial statements or proof of funding (if we identify potential financial risk on keeping the business running)
- Any previous business experience or qualifications relevant to the franchise. Prepare for the interview by reviewing your application and being ready to discuss your business plan in detail.
- Step 7:
- Negotiations & Decisions.
- Step 8:
- Sign Franchise Agreement. If your application is successful, you will be required to sign a franchise agreement.
Q: Is there any cost for this?
A: Initiative for early adopters of our franchise model. Until the end of 2030, we are waiving all franchising fees for approved franchisees, unless discussed otherwise and agreed by all parties. This is a unique opportunity for passionate entrepreneurs to become a part of the Confiction family without the initial financial barrier.
Our reasons are:
- Supporting Early Growth: We understand the challenges and risks involved in starting new ventures. By eliminating the cost barrier, we aim to make it easier for innovative and dedicated franchisees to join us without the stress of upfront fees.
- Building Long-Term Relationships: We are looking for partners who believe in our vision and are eager to grow with us. This initiative is designed to build a strong, collaborative network of franchisees who are as committed to our brand as we are.
- Encouraging Innovation:We believe that the best way to innovate is by lowering the entry barriers for creative minds. With no cost until 2030, we aim to attract a diverse group of franchisees who can bring fresh ideas and energy to our brand.