The expansion of the cryptocurrency market has facilitated the emergence of various sectors, including decentralized finance (DeFi). However, within the abundance of available DeFi protocols, the task of selecting the optimal option can become daunting for some. To address this complexity, Frontier (FRONT) consolidates a wide range of DeFi products and services onto a single platform. This innovative strategy provides users with simplified access to a diverse array of features inherent in the DeFi ecosystem.
What is Frontier
Frontier is an aggregation layer for decentralized finance (DeFi) products and services. It serves as a chain-agnostic platform that provides users with seamless access to diverse chains and applications, enabling efficient management of DeFi positions across multiple decentralized applications (dApps) and blockchains.
Frontier's core mission revolves around tackling the problem of fragmentation within the DeFi ecosystem. The isolation of tokens across various networks often necessitates the use of multiple wallets, leading to inconvenience for users. To address this issue, Frontier is constructing an app that interconnects different chains, facilitating easy switching between protocols. This unified platform not only enhances convenience but also fosters effective management of assets.
The Frontier team
Frontier was brought to fruition by the collaborative efforts of Ravindra Kumar, Vetrichelvan Jeyalpalpandy, and Palash Jain, serving as CEO, CTO, and CMO respectively. The project also boasts a team of esteemed developers and DeFi analysts.
How does Frontier work
Frontier's operational model grants access to a multitude of protocols through its non-custodial wallet. This wallet offers storage, management, and swapping capabilities for non-fungible tokens (NFTs), DeFi assets, and cryptocurrencies. By accommodating over 4,000 assets across various chains, Frontier liberates users from chain-specific limitations, providing unified control over holdings.
Frontier sets itself apart by being free-to-use, ensuring that users encounter no transaction fees for token swaps, liquidity provisions, or cryptocurrency purchases. This unique feature aligns with the project's broader goal of fostering interoperability while enhancing user accessibility.
FRONT tokenomics and use cases
Frontier's native token, FRONT, operates on the ERC-20 standard and has a total supply of 100 million tokens. FRONT functions as a governance token, empowering holders to actively engage in protocol proposals. Upon the launch of the Frontier Chain, FRONT will serve as a utility token, granting access to services and enabling staking. FRONT's significance extends to content creators and developers, facilitating the acquisition and issuance of NFTs within the Frontier ecosystem.
FRONT distribution
FRONT is distributed in the following way:
- 20 percent: Ecosystem
- 20 percent: Private sale
- 13.5 percent: Future staking rewards
- 10 percent: Team
- 10 percent: Frontier reserve
- 10 percent: Seed round
- 8 percent: Community
- 6 percent: Marketing
- 1.9 percent: Public
- 0.6 percent: Early project supporters
What is next for Frontier
Frontier is preparing to unveil the Frontier Chain, an ecosystem poised to offer FRONT staking opportunities for earning rewards. Simultaneously, the team is dedicated to expanding its support for a wider array of assets and establishing seamless connectivity across various blockchain chains.
