Findora (FRA) is a native token powering a layer-1 blockchain that enables confidential, auditable, and scalable financial transactions. It supports zero-knowledge (zk) solutions, ensuring privacy and regulatory compliance. FRA is used for staking, earning rewards, and securing the network. The token has a capped supply of 21 billion and is deflationary due to transaction fees being burned.
Findora (FRA) is a cryptocurrency used within the Findora ecosystem, a Layer-1 blockchain focused on accelerating mainstream adoption through powerful zero-knowledge solutions and SDKs. Here are the key ways FRA is used:
Staking: FRA holders can stake their tokens to earn rewards while securing the network. This involves delegating tokens to validators, who participate in the blockchain consensus process. The top 110 validators with the most FRA staked receive block rewards and a Block Proposer Bonus.
Transaction Fees: FRA is used to pay for transaction fees on the network, ensuring the smooth operation of the blockchain.
Tokenomics: FRA is part of the token economic model, which includes rewards and penalties to incentivize staking and maintain network security. For example, there are FRA rewards for validators and penalties for double-signing or offline validators.
Smart Contracts and zkDapps: FRA is used to power the development of zkDapps, which are decentralized applications that utilize zero-knowledge proofs for enhanced privacy and security. Developers can build these applications using Findora's SDKs and APIs, which are EVM-compatible.
Wallet Management: FRA can be stored, sent, and received using the Findora Wallet, which supports both desktop and mobile devices. The wallet also allows users to issue custom tokens and perform confidential transactions.
Exchange and Trading: FRA can be exchanged for other cryptocurrencies or fiat currencies on various exchanges, such as SimpleSwap.
Overall, FRA plays a central role in the Findora ecosystem, facilitating staking, transactions, and the development of privacy-focused applications.
To store Findora (FRA) tokens, you can use several methods:
Metamask Wallet: You can add FRA to your Metamask wallet by following the steps outlined in the video tutorial. This allows you to manage your FRA tokens and interact with the Findora ecosystem.
Ledger Hardware Wallet: You can store FRA tokens securely on a Ledger hardware wallet. To access and view your FRA tokens, you need to use MetaMask to unlock your Ledger Findora account.
Findora Wallet: The official Findora Wallet is available for desktop and mobile devices. It allows you to move assets between the EVM and zk ledgers using Prism Transfer, issue custom tokens, send confidential transactions, and stake UTXO FRA.
These options provide secure and convenient ways to manage and store your FRA tokens.
To buy Findora (FRA) tokens, follow these steps:
Choose a Crypto Exchange: Select a reputable cryptocurrency exchange that supports Findora (FRA) trading, such as KuCoin, Gate.io, or Binance.
Create an Account: Register for an account on the chosen exchange's website or app. You will need to provide identification documents for verification.
Deposit Funds: Deposit fiat currency into your exchange account using methods like credit/debit cards, bank transfers, or peer-to-peer trading.
Buy USDT or Other Supported Cryptos: Use your deposited fiat to purchase USDT or other cryptocurrencies like BTC, ETH, or BNB, which are easily tradable for FRA.
Transfer to FRA Trading Pair: Transfer your purchased USDT or other supported cryptos to the exchange's FRA trading pair, such as FRA/USDT or FRA/ETH.
Place a Buy Order: Use the exchange's trading interface to place a buy order for FRA at the current market price or set a limit order at your desired price.
- Store Your FRA: Once you have purchased FRA, store it securely in a cryptocurrency wallet, such as Metamask, to protect your assets and participate in the Findora ecosystem.
