Token FRQ

FRQ is the native utility token of FRQTAL. It is a limited and scarce asset used to pay fees, secure the platform through staking, and provide a basic unit of account across multiple layers, NFTs, and Dapps created on FRQTAL.

The minimum unit of XFRQ is: 0.000000001 FRQ.

Utility: FRQ is a limited supply resource (up to 80 million) in the FRQTAL ecosystem used to power the network. FRQ is used to secure the ecosystem through proof of content and for daily operations such as transaction issuance. Additionally, FRQ represents the weight each user gives to the buying and selling of FNFTs. No single actor owns the FRQTAL network, so each validator on the network receives a proportional weight.

Any entity attempting to execute a transaction on FRQTAL pays a corresponding fee (commonly known as "gas") to execute it on the network. The fees used to execute a transaction on FRQTAL are sent to a commission and fee wallet, to be used to continue developing the system.