Friend
1. Summary
- Description
-
FREN Crypto Protocol
FREN Crypto Protocol
FREN is a decentralized financial protocol designed to create a fair and inclusive ecosystem. The protocol's central innovation is the Time Bank concept, which ties the value of FREN tokens to time. This mechanism ensures that the cost of newly issued tokens linearly increases over time, incentivizing long-term token holding and discouraging short-term speculation.
Addressing Shortcomings
FREN was created to address identified shortcomings in XEN's economic and multi-chain models. It introduces a balanced and sustainable economic model, controlling the inflation rate and providing substantial value backing for the tokens. The layered multi-chain model of FREN enables seamless interoperability with different blockchain networks, allowing for efficient cross-chain interactions and enhancing the overall value of FREN tokens.
Utility and Rewards
In terms of utility, FREN's Time Bank system rewards users based on their token holding duration, promoting long-term participation in the ecosystem. Additionally, FREN's dynamic APR Stake feature, based on parameters like average minting days, average staking days, and average staking amounts, adjusts staking rewards based on user commitment and contribution.
Ultimate Aim
FREN's ultimate aim is to revolutionize the crypto landscape by providing a robust, fair, and sustainable alternative to existing protocols. It aspires to empower users, foster a vibrant financial future, and contribute to the advancement of decentralized finance.
| Price | |
| 52W High price | $0.000001343300 |
| 52W High date | 9th Aug 2023 (1 year ago) |
| All Time High (ATH) Date | 6th Aug 2024 (3 months ago) |
| All Time Low (ATL) Date | 6th Aug 2024 (3 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $11,132.00 |
How does Friend's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
26.2%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 4,709 |
| Twitter followers | 18,245 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://chain.fenus.xyz |
|---|---|
| Explorer | https://bscscan.com/token/0xe6a768464b042a6d029394... |
| @fren_bsc |
What is the correct contract address for Friend?
| Binance-smart-chain | 0xe6a768464b042a6d029394db1fdef360cb60bbeb |
|---|
Has Friend been audited for security?
No security audits found for this project.
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