What Is Findora (FRA)?
Findora is a public blockchain with customizable privacy that offers on-chain confidentiality for stablecoins, wrapped tokens, NFTs (non-fungible tokens), DeFi, and more. On-chain transactions are the transactions that occur on the blockchains. The Findora platform uses zero-knowledge proofs, bulletproofs, and multiparty computation to provide transactional privacy with selective disclosure and auditability to its users. The platform also envisions a new financial infrastructure for everyone with full interconnectivity, native privacy, and transparency.
The website claims the Findora platform solves built-in privacy issues in today’s blockchains by offering the following features to its users:
Confidentially: The platform uses zero-knowledge proofs and secure multiparty computation to assist many privacy-preserving features.
Auditability: With the help of specialized zero-knowledge proofs, Findora audits publicly while keeping the selective user data confidential.
Programmability: Users can control their privacy using tools such as the zero-knowledge proofs tool and build dapps for DeFi.
Interoperability: Findora allows transactions between multiple blockchains.
According to the litepaper, the FRA is the native utility token of the Findora platform. The token is a cryptographically secured coin that plays a significant role in the ecosystem of the Findora platform. FRA is a nonrefundable functional token used as an economic incentive to encourage token owners to contribute and maintain the ecosystem on the Findora platform. Users can earn an FRA token as a reward for actively participating in the activities or by providing services to the ecosystem. FRA token holders can earn rewards by running a validator to stake FRA coins to contribute to the PoS (proof-of-stake) consensus process.
In tokenomics, the Findora platform has allocated the total tokens as follows:
13% of the tokens are kept for private round 1
2.5% of the tokens are kept for private round 2
18% of the tokens have been allocated to the contributors
2% of the tokens have been allocated to the advisors
18% of the tokens are kept for foundation reserved
13% of the tokens are kept for institutional partnerships
10.71% of the tokens are kept for development grants
0.10% of the tokens have been allocated to the public sale A
1.48% of the tokens have been allocated to the public sale B
2.5% of the tokens have been allocated to the public sales, C, D, E
10.71% of the tokens have been allocated to the research grants
8% of the tokens are kept for DeFi incubation
History of Findora (FRA)
The litepaper was published in November 2020. The maximum supply of the FRA token is 21 billion FRA.
