What Is Frontier (FRONT)?
FRONT is the native token of Frontier, which is a cross-chain DeFi aggregator. The major product of Frontier is its crypto and NFT wallet that allows users to store, manage and invest their crypto assets across various chains and dApps. Frontier is compatible with such blockchains as Ethereum, Binance Chain, BandChain, Kava, Harmony, and others.
Planning to purchase Frontier coins? Check the current FRONT price on the Frontier price chart featured above.
In essence, Frontier allows users to create a crypto portfolio and manage the assets within that portfolio. They can do that through the Frontier wallet or through any other wallet that is compatible with the network. Frontier is compatible with such wallets as FortMatic, Metamask, imToken, Coinbase Wallet, and Trust Wallet. Talking about asset management, Frontier aims to provide users with an all-in-one DeFi environment in which they can stake, swap, invest, lend, borrow and do so much more with their assets.
Who Founded Frontier?
The Frontier crypto project was founded in 2019 by Ravindra Kumar, Vetrichelvan Jeyapalpandy, and Palash Jain.
Ravindra Kumar is the CEO of Frontier. He specializes in smart contract development, and he was an early Ethereum network developer. In the past, Kumar worked as the CTO of InstaDApp and Woodstock. Besides, he is also an Android developer. During his career, Kumar managed to build over 50 mobile applications.
Vetrichelvan Jeyapalpandy is the CTO of Frontier. He is a software developer with over 13 years of experience. In the past, he worked on various transportation and marketplace projects. Besides, he was a consultant at Care.com and a front-end engineer at Cleartip.com. He had over 2 years of experience in the blockchain industry prior to founding Frontier.
Palash Jain is the CMO of Frontier. He is responsible for marketing and brand awareness of Frontier, among other things. Before joining the Frontier founding team, Jain was responsible for the marketing aspects of such blockchain-based projects as Lambda, IOST, Matic, and BitMax.
Use Cases of FRONT Tokens
FRONT tokens are based on the ERC-20 token standard. However, Frontier features a smart contract, which allows users to bridge their tokens to the BEP-20 token standard, making FRONT tokens compatible with Binance Smart Chain. Don’t forget to look at the Frontier price chart above to see the current FRONT price.
FRONT tokens drive the entire Frontier crypto project. The following are some of the main use cases of FRONT:
- FRONT tokens can be locked in the Frontier Vault in order to get gasless transactions.
- FRONT tokens are utilized to reward the users of Frontier applications.
- FRONT tokens can be used to provide liquidity to various pools in order to generate yield.
- FRONT tokens are used as a payment method for various operations within the platform.
- FRONT tokens can be staked to secure the network.
- FRONT tokens grant holders voting rights, so they can decide how the Frontier crypto project will be developed further.
Apart from the aforementioned use cases, there are many more planned for the future, including a referral system, NFT creation, FRONT collateralized borrowing, and so on.
Tokenomics of FRONT
The max supply of Frontier tokens is 100 million. 32.5% of the total FRONT supply was sold during the initial token sale, while 13.5% was dedicated to FRONT staking rewards. The remaining portion was distributed to the ecosystem, reserves, team, and community, as well as set aside for marketing purposes.
Just don’t forget to check the Frontier price chart before making any purchasing decisions.
