Question 1

What is Fren Pet (FP)?

Accepted Answer

Fren Pet is a digital asset associated with a blockchain-based mobile game that operates on the Base blockchain. It presents an incremental idle game format where players are tasked with upgrading their pets. Through these upgrades, players can unlock various in-game features, increase their in-game currency earnings (referred to as pGOLD), and enhance their share of the overall ETH (Ethereum) generated within the game ecosystem. The game allows for the minting of pets at no cost, providing new players with a randomly generated pet to start their gameplay. Fren Pet emphasizes a model where gameplay does not constitute an investment contract or offer investment advice. The value of FP tokens is subject to fluctuation, and the legality of owning Fren Pet tokens can vary by jurisdiction​​​​.

Question 2

What is Fren Pet (FP) used for?

Accepted Answer

The FP token serves multiple purposes within the Fren Pet ecosystem. Firstly, it acts as a currency for in-game transactions, with a portion of tokens used within the game being burned and a portion being allocated to referrals. This system not only encourages player engagement through rewards based on in-game scores but also incentivizes the growth of the game’s community through referral bonuses. A unique feature of the game’s economy is a 5% tax imposed on buying or selling FP tokens on BaseSwap. This tax is used to fund player rewards, support the development team, and add liquidity to the FP economy. The distribution of player rewards is based on each player's proportion of the total in-game score.

***Although 'FP' was the ticker assigned at the deployment of the Fren Pet Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'FRENPET' has been adopted for this token. This designation ensures that assets are distinctly identified.***