> For the complete documentation index, see [llms.txt](https://fractional-fish.gitbook.io/fractional-fish/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fractional-fish.gitbook.io/fractional-fish/how-will-it-work.md).

# How will it work?

The first round of Fractional Fish has been minted through Joepegs platform. This was done this way as it was the easiest for me personally and we do not need a complex contract at the moment. 50 NFTs were minted at 2 AVAX each. 

Many people were questioning the 100 AVAX valuation of the round. This is not the actual valuation. I have loaned my Ferdy Fish #50 (Ferdaham Lincoln) to the Fractional Fish treasury to offer early participators access to the Ferdy Fish if the airdrop is completed before a Ferdy Fish could be purchased. Once the Ferdy Fish is purchased the remaining Fractional Fish will be burnt bringing your ownership to a fair value of the purchased NFT. 

Once enough Fractional Fish NFTs are sold to obtain a Fish, one will be purchased off secondary and that Ferdy Fish will be locked in as the Round 1 Fish and we can continue onto Round 2.

My Ferdy Fish will now be the loaner fish for the second round. A new collection will be minted and the process will repeat. Round 1 holders will have early access to round 2. Potentially at a discount.