What Is FrenCoin(FREN)?
FrenCoin(FREN) It all began with the idea of a coin based on a strong and wholesome community. When FrenCoin was created, not only did the community stand out from all of the other coins, but also the marketing was top notch. This looked like a solid project. Unfortunately all of this could last only twelve hours as the whales dumped and caused others to panic sell. From here a ragtag team rose up from the bottom and took /our/ frenly coin to heights of the sky.
FrenCoin(FREN) unbelievable exponential growth began. But not everyone is happy with your success, as was the case with FrenCoin. At this point, the group of envious non fren enemies started causing havoc and panic, causing people to sell at the top. Even more painful was the betrayal of some frens who sold too.
FrenCoin(FREN) chart fell down but the community? NO. Spirits are stronger than ever and together will rise higher. Become a fren right now and lets achieve a landmark in the BSC world! will continue to grow and glow no matter the circumstances for it is all a test of our endurance and patience!
FrenCoin(FREN) Storage Key Points
|Circulating Supply||144,014,225.00 FREN|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
FrenCoin(FREN) was designed from the beginning to be a community-led project. To that end, the members of the community – that is, those who hold the token – are encouraged and incentivized to participate in the creation of many of the delivered FrenCoin products, as well as those planned for future release.
FrenCoin(FREN) has leveraged the talents of the members of the community in other ways as well, including music, having just released its first single on Spotify1 . One of the main goals for FrenCoin is to implement a reimbursement system which the developers have termed FrenTips, which would allow a holder of FrenCoin to compensate an artist for their work, an anonymous user for a quality post, and many other scenarios. Another very valuable service provided by FrenCoin is the creation of Frens Look Out For Frens (FLOFF) information cards, which describe some of the various scams that are prevalent in the crypto space and how to identify them.
FrenCoin(FREN) development team set out to create a coin with two main functions: first, the coin must always have liquidity in order to be tradable; second, the coin should reward those that hold it and encourage them to continue to do so. To achieve these objectives, we have implemented a protocol which collects a 10% fee from each transaction of FrenCoin. Of this fee, 5% is reflected back to holders of FrenCoin, proportionally, based on the amount each individual holds.
FrenCoin(FREN) remaining 5% is collected by the smart contract and returned to the liquidity pool automatically at specific intervals. These operations ensure that there is always liquidity, but do not require FrenCoin holders to act as liquidity providers, thus subjecting them to impermanent loss in the event of major market fluctuations. Instead, all holders gain rewards for holding the token, while each token transaction adds to the liquidity pool. Additionally, the burn wallet also collects reflections proportional to its holdings
FrenCoin(FREN) was developed as a deflationary asset, with a maximum supply of 1,000,000,000 tokens, and having 80% of these burned from the start, leaving an initial circulating supply of 200,000,000. Because of the constant burn described above, FrenCoin tokenomics structure is one of constant deflation and reflection, meaning token holders are consistently encouraged and rewarded, both from reflection rewards as well as the benefit of an increasingly scarce asset. The initial liquidity provided within this contract was locked for one year, and part of each fee for each transaction goes back into the liquidity pool as described above. These liquidity pool tokens are then sent to the burn address, thus locking them permanently.