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Frictionless

Frictionless

FRICTION
$0.0₃1114Up 0.00 percent($0.00)

Key Stats

Market Cap$55.71KUp 0.00 percent
Fully Diluted Value$55.71K
Total Supply500.00M FRICTION
Max Supply∞
Launch Date2024-01-06
Built OnETH
Token StandardERC20
Smart Contract Address0x23fa…fb68
Decimal Places18

Frictionless Information

Websites
www.frictionless.networkWhitepaper
Industries
DeFi

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
FRICERC20ETH0x23fa3aa82858e7ad1f0f04352f4bb7f5e1bbfb682024-01-06

About Frictionless

Frictionless is a platform for transferring cryptocurrency that utilises smart contracts for secure, decentralised operations. It focuses on addressing liquidity, market impact, and investment reliability issues in the realm of decentralised finance (DeFi). The platform aims to safeguard asset market prices during liquidations, improving DeFi trading by encouraging community involvement and evolving into a comprehensive peer-to-peer exchange. The FRIC token, essential for accessing services and ensuring secure transfers, enables non-custodial swaps and market access following its launch. The value of the token increases alongside platform usage and stake, generating revenue through transaction taxes and fees to sustain operations and reward token holders. Additional benefits are unlocked with more FRIC tokens, with the goal of averting market liquidations and stabilising prices through decentralised vesting solutions. Frictionless was established by Milan Jandik, who serves as its CEO.

Frequently Asked Questions

Frictionless is a platform designed to facilitate the secure and efficient transfer of cryptocurrency through smart contracts, operating in a decentralised and trustless manner. It aims to empower projects and investors by mitigating the negative impacts on asset market prices that are often associated with liquidation processes. The platform utilises blockchain technology to offer solutions for prevalent issues in decentralised finance (DeFi), including liquidity constraints, market impact, and the reliability of investments. Frictionless is committed to transforming the DeFi trading landscape by promoting community engagement and evolving into a comprehensive decentralised peer-to-peer (P2P) exchange​​.

The FRIC token is integral to the Frictionless platform, enabling access to services and securing on-chain cryptocurrency transfers. It supports non-custodial, trustless asset swaps and provides access to markets for projects and investors after a token launch. The token's value is linked to the platform's traffic and its utility on the blockchain, which increases with a larger stake in the token. Revenue is generated from transaction taxes and fees, which are used to fund operations and reward token holders. Holding more FRIC tokens unlocks additional benefits and features, aiming to eliminate negative effects on asset prices by avoiding market liquidation and offering decentralised custom vesting solutions to stabilise asset prices and protect investors​​.

Frictionless was founded by Milan Jandik, who serves as the CEO.

Although 'FRIC' was the ticker assigned at the deployment of the Frictionless Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'FRICTION' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.