⭕️Blockchain

Summary: This article discusses key implementation details, particularly the token economics (tokenomics), of the native token of the FRQTAL platform, called $FRQ.

Tokenomics: A fixed amount of 80 million FRQ was minted at Genesis, but diversification is established throughout the ecosystem to enhance the long-term value of FRQTAL. FRQTAL cannot withdraw any portion of tokens already staked in an FNFT, as it lacks the permissions to do so, similar to any other user.

The public pool will undergo gradual token injections into the liquidity pool, with these four injections distributed over the initial two years. Each injection is weekly and falls under the responsibility of the crypto-economics department within the company.

Twenty-three percent (23%) of the tokens will be sold through both private and public strategies, placed in an AVAX:FRQTAL pool for public trading.

• 0.2% Public Pool Allocation - Set Price:

  • Liquidity start on the Pangolin DEX, pairing AVAX against FRQ. These funds are company funds, designated solely for establishing the initial price round. They are not for public use or direct third-party sales.

• 0.9% Public Pool Allocation - ICO 1:

  • Public sale to friends and family of the company. This sale aims to form potential strategic alliances with close associates of the company and partners.

• 1.7% Public Pool Allocation - ICO 2:

  • Public sale to external parties outside the company. This sale aims to forge potential strategic alliances, possibly on platforms like ICO drops, among others.

    • 🚩 It's important to note that the app will be operational during the ICO, allowing for greater liquidity pool engagement. Early adopters using the app will have a better chance of obtaining a lower price.

• 14.8% Public Pool Allocation - Private Ventures Capital:

  • Sale to venture capital firms that believe in the project. Institutional placement of tokens.

• 82.6% Public Pool Allocation - FRQTAL APP and EXCHANGES:

  • Token sale through the FRQTAL App and affiliated exchanges.

FRQTAL emerges as a response to the need for financing high-impact but high-risk projects. Projects and ideas with elements of impact and disruptive progress, while beneficial to society, can pose high risks in traditional investment spectrums. Funding such initiatives is challenging. Leveraging the ideological trends of the FRQTAL team, combined with the financial knowledge, investment portfolio expertise, blockchain, and investment fund experience of its members, conceptual work was undertaken to create a sustainable investment model.

After issuing the ecosystem's coins, the team will distribute the following percentage of TREASURE to the specified wallets. These wallets are protected by the team, with public user controllers visible to the entire ecosystem. Some of the presented wallets are locked or secured with a release time to ensure team commitment. Each wallet is multi-signature, requiring the agreement of the majority of users to access the funds.

• 9% of TREASURE - Strategic Alliances:

  • The wallet is released and aims to provide tokens to strategic allies of the company, such as brokers, strategic advertising, commission payments, or tokens for contract negotiation.

• 26% of TREASURE - Founders:

  • Wallet for the original founders, distributed based on entry percentage and importance. The focus is on maintaining the long-term vesting of FRQTAL founders.

• 9% of TREASURE - Collaborators:

  • Wallet focused on vesting for collaborators directly employed by FRQTAL. TOKENS will be distributed to active members of FRQTAL from this wallet.

• 35% of TREASURE - Foundation:

  • The Foundation is responsible for enhancing projects that the team seeks to support. Due to the primary disruptive ideals of the entire FRQTAL team, capital is sought to be placed in industries such as Venture Capital, Genetics, AI, and Crypto.

Within the treasure, there is a collection of wallets essential for the proper functioning of the APP ecosystem. These wallets are referred to as App Wallets and include the following: [List not provided in the provided text.]

The community tokens are designed to incentivize creators, artists, and influencers to generate more value and impact, reaching a broader audience. This allocation aims to reward early adopters and the most active users, accompanied by a gamified strategy involving contests and internal activities. This strategy serves two purposes: increasing user acquisition and providing data to our artificial intelligence, the primary asset slated for growth in the next five years. In exchange for more content or information that users help us understand within our ecosystem, rewards can be greater, aligning with the EMBED strategy implemented by the team.

• 23% of COMMUNITY - AirDrops, Early Adopters:

  • This involves a token placement strategy for users, along with prize strategies and live events in various communities in collaboration with influencers. AirDrops will be distributed to different new users and those with higher participation in the ecosystem.

• 44.8% of COMMUNITY - Project Grants:

  • In FRQTAL, the primary strategy is to empower users to create their own communities and projects. Users developing projects using FRQTAL as the main technology will have the option to apply for support and sponsorship from our ecosystem.

• 32% of COMMUNITY - TBD Events:

  • Creative advertising, meets, and ecosystem events that deviate from traditional advertising.

TOKEN FRQ

Overview: FRQ is the native utility token of FRQTAL, serving as a limited and scarce asset used for fee payments, platform security through staking, and providing a basic unit of account across multiple layers, NFTs, and Dapps created in FRQTAL. The minimum unit of FRQ is 0.000000001 FRQ.

Utility: FRQ, with a limited supply of up to 80 million in the FRQTAL ecosystem, fuels the network. It secures the ecosystem through Proof of Content (PoC) and handles daily operations like transaction issuance. Additionally, FRQ represents the weight each user contributes to buying and selling FNFTs. No single actor owns the FRQTAL network, so each validator on the network receives a proportional weight.

Any entity attempting a transaction in FRQTAL pays a corresponding fee (commonly known as "gas") to execute it on the network. The fees used for transactions on FRQTAL are sent to a commission and fee wallet, used for ongoing ecosystem development.

The native token secures the network, pays fees, and provides the basic unit of account across multiple blockchains deployed on the extensive node network to ensure operational decentralization. FRQTAL serves as a versatile and universal platform allowing anyone to launch new FNFT contracts with their own rules and implementations. It represents the value not just of the blockchain but also the software and decentralized computing the ecosystem utilizes.

Disclaimer: The information provided in this document is preliminary and subject to change at any time. Moreover, this document may contain forward-looking statements referring to future events or our future performance. These statements generally concern future events or our future performance, including but not limited to the projected performance of FRQTAL, the expected development of its purposes, business, or any system mounted in our ecosystem, the execution of its vision and growth strategy, and the completion of ongoing, in-development, or contemplated projects.

Statements and perspectives in this document are written for the purposes of this financial experiment we are conducting. These statements do not guarantee future performance, and excessive reliance on them should be avoided. Such forward-looking statements necessarily involve known and unknown risks that may cause actual performance and results in future periods to materially differ from the projections expressed or implied herein.

FRQTAL assumes no obligation to update forward-looking statements. While forward-looking statements represent our best prediction at the time they are made, there is no guarantee that they will prove accurate, as actual results and future events could materially differ. Readers are cautioned not to place undue reliance on forward-looking statements.

Introduction: The economic model of any new cryptocurrency or digital asset is a fundamental element in the platform it resides in, particularly in the case of the native token of a decentralized and permissionless platform like $FRQ. This article delves into the economic design of this native token, addressing governance properties, supply, minting function (node rewards), and other relevant economic aspects, including transactional economics.

Properties: The properties of each FRQ coin in the ecosystem will always be consistent, regardless of the total circulating supply. The number of coins held does not influence decisions within the ecosystem, nor is it a benchmark for staking generation.

FRQ Token Structure: Each coin is structured with eight zeros after an integer [1,00000000 FRQ], followed by its identifier FRQ, representing the coins within the ecosystem.

Governance: FRQTAL initiates its economic and governance design based on the ideological convictions of its founders and the dedicated team that made this initiative possible. Governance has become one of the essential pillars considered for the future components of the blockchain, decentralized computing systems, and information management in the ecosystem.

The system is designed to be agile in reacting to evolving economic, environmental, and cultural situations worldwide. The governance open points include transaction fees, system royalties, and application wallets. To regulate these aspects, 3,333 FNFTs will be created and publicly available for acquisition at the launch of the protocol.

These FNFTs, part of the "HUMANS, ALIENS AND CATS" collection, will hold the value of voting and voice within the crypto economy that can be edited in FRQTAL. They will play a decisive role in decisions related to decentralized computing and GEN Files within the system.

It's important to note that these NFTs are created by the founders' wallet and will be available for sale on the ecosystem's marketplace, with no possibility of acquisition through other means.

Voting System: The voting system will be based on a weighted compensation structure. This means that the first FNFTs acquired will have more weight in the weighted voting compared to FNFTs purchased later. The purpose of this measure is to incentivize early acquisitions by individuals genuinely interested in the ecosystem.

FNFT Value and Voting Influence: As sales progress, FNFTs will acquire greater value. However, individuals making later purchases, even if acquiring a larger number of FNFTs, won't be able to exert significant control over prices or adjustments. In theory, this benefits early holders—those initial adopters and technology enthusiasts of FRQTAL who will have a greater influence when making decisions within the blockchain and decentralized computing system.

For example, if the first holder bought 3 FNFTs and the last one bought 7 FNFTs, when voting, both will have 50% of the votes. This design ensures that early adopters, who have shown commitment and enthusiasm for FRQTAL technology, maintain a higher level of influence over the decision-making process in the blockchain and decentralized computing system.