# 🔄 Arbitrage Opportunities Trading arbitrage opportunities exist for Rekt Frens due to the price relationship between the FRENS ERC-20 tokens and the NFTs. The ERC-721 NFTs minted are the fractionalized representation of the ERC-20 tokens at a 1:1 ratio. However, if a trader buys 100 FRENS at the floor price, there is a chance a rare Rekt Fren NFT trait, like a pirate hat, gets minted. While the floor price of the NFT collection may match 1 FRENS token due to the fractionalization, this rare NFT could be sold for 50-100X that amount. Traders can capitalize on buying cheap FRENS, minting the coupled NFTs which potentially contain rare attributes, and selling valuable Rekt Frens NFTs back on the marketplace for a profit. The treasury benefits from the trading fees to facilitate further ecosystem development. 1% of all trades goes to the treasury, regardless of whether transacting FRENS tokens or mirrored Rekt Fren NFTs. This two-way interplay between fractionalized tokens and NFTs opens up unique arbitrage opportunities. Active traders help discover proper valuations for assets while bolstering treasury holdings for the community's benefit as a whole. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://rekt-frens.gitbook.io/rekt-frens-documentation/frens-token/arbitrage-opportunities.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.