What is Frontier (FRONT), which has gained 200% value in the last 24 hours, what is it for?
Today, we will talk about the crypto currency called Frontier (FRONT) . Released a few months ago, the token has managed to reach an all-time high today. Frontier has seen an increase of 200% in the last 24 hours, according to CoinMarketCap data at the time of writing .
What is Frontier Token?
Frontier is a project created to encourage entry into the DeFi space. The technical infrastructure of the project consists of Frontier Chain, its own blockchain platform. The current value judgment allows investors to win by staking FRONT tokens. But if you want to have a say in the system, you must have the gFRONT native token, which are management tokens.
What Does It Do?
Frontier token (FRONT) can be staked securely within the platform. Only users need to delegate tokens to the validating node or validators.
Not using gas for transactions
Frontier Chain transactions will not charge gas when Frontier applications are created . If you lock FRONT tokens in the Frontier Vault, you can significantly save on transaction fees.
Frontier incentive protocol
As Frontier-based applications are created, users can earn FRONT tokens as a reward.
Frontier will provide liquidity to decentralized platforms with FRONT tokens. Therefore, users can exchange FRONT tokens for interest.
To become an administrator in Frontier Chain, one must own $ gFRONT tokens. It ensures that decisions on this platform are equal, fair and decentralized.
Creating and purchasing NFT
Frontier enables content creators, blockchain companies, and industry leaders to purchase unique tokens (NFTs). While FRONT tokens are received as payment, they allow the distribution, transfer and destruction of tokens.
Frontier will encourage users to bring their friends to the DeFi ecosystem with the remittance system. For the development of the ecosystem, Frontier Chain will distribute FRONT tokens in response to members’ campaigns.
Deflation with integration
Frontier will collect fees and permissions based on B2B integration as FRONT tokens. As the integrations increase, the value of the FRONT token is planned to increase.
Frontier plans to introduce some features for the ecosystem to grow:
- Central finance applications
- FRONT based borrowing
- Social gamification
- Unifront API access services form part of the services to be provided.
Front is currently listed on stock exchanges such as Binance, Huobi, Kucoin, Uniswap. Frontier ranks 195th on CoinMarketCap.