Findora

price
change

Discover Findora's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Findora?

Findora (FRA) is a native token powering a layer-1 blockchain that enables confidential, auditable, and scalable financial transactions. It supports zero-knowledge (zk) solutions, ensuring privacy and regulatory compliance. FRA is used for staking, earning rewards, and securing the network. The token has a capped supply of 21 billion and is deflationary due to transaction fees being burned.

How is Findora used?

Findora (FRA) is a cryptocurrency used within the Findora ecosystem, a Layer-1 blockchain focused on accelerating mainstream adoption through powerful zero-knowledge solutions and SDKs. Here are the key ways FRA is used:

  1. Staking: FRA holders can stake their tokens to earn rewards while securing the network. This involves delegating tokens to validators, who participate in the blockchain consensus process. The top 110 validators with the most FRA staked receive block rewards and a Block Proposer Bonus.

  2. Transaction Fees: FRA is used to pay for transaction fees on the network, ensuring the smooth operation of the blockchain.

  3. Tokenomics: FRA is part of the token economic model, which includes rewards and penalties to incentivize staking and maintain network security. For example, there are FRA rewards for validators and penalties for double-signing or offline validators.

  1. Smart Contracts and zkDapps: FRA is used to power the development of zkDapps, which are decentralized applications that utilize zero-knowledge proofs for enhanced privacy and security. Developers can build these applications using Findora's SDKs and APIs, which are EVM-compatible.

  2. Wallet Management: FRA can be stored, sent, and received using the Findora Wallet, which supports both desktop and mobile devices. The wallet also allows users to issue custom tokens and perform confidential transactions.

  3. Exchange and Trading: FRA can be exchanged for other cryptocurrencies or fiat currencies on various exchanges, such as SimpleSwap.

Overall, FRA plays a central role in the Findora ecosystem, facilitating staking, transactions, and the development of privacy-focused applications.

How do I store Findora?

To store Findora (FRA) tokens, you can use several methods:

  1. Metamask Wallet: You can add FRA to your Metamask wallet by following the steps outlined in the video tutorial. This allows you to manage your FRA tokens and interact with the Findora ecosystem.

  2. Ledger Hardware Wallet: You can store FRA tokens securely on a Ledger hardware wallet. To access and view your FRA tokens, you need to use MetaMask to unlock your Ledger Findora account.

  3. Findora Wallet: The official Findora Wallet is available for desktop and mobile devices. It allows you to move assets between the EVM and zk ledgers using Prism Transfer, issue custom tokens, send confidential transactions, and stake UTXO FRA.

These options provide secure and convenient ways to manage and store your FRA tokens.

How to buy Findora?

To buy Findora (FRA) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reputable cryptocurrency exchange that supports Findora (FRA) trading, such as KuCoin, Gate.io, or Binance.

  2. Create an Account: Register for an account on the chosen exchange's website or app. You will need to provide identification documents for verification.

  3. Deposit Funds: Deposit fiat currency into your exchange account using methods like credit/debit cards, bank transfers, or peer-to-peer trading.

  1. Buy USDT or Other Supported Cryptos: Use your deposited fiat to purchase USDT or other cryptocurrencies like BTC, ETH, or BNB, which are easily tradable for FRA.

  2. Transfer to FRA Trading Pair: Transfer your purchased USDT or other supported cryptos to the exchange's FRA trading pair, such as FRA/USDT or FRA/ETH.

  3. Place a Buy Order: Use the exchange's trading interface to place a buy order for FRA at the current market price or set a limit order at your desired price.

  1. Store Your FRA: Once you have purchased FRA, store it securely in a cryptocurrency wallet, such as Metamask, to protect your assets and participate in the Findora ecosystem.
Discover
Findora
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Findora

Findora (FRA) is a cryptocurrency token that powers the Findora network, a decentralized financial network focused on issuing confidential assets and smart contracts. The token is designed to facilitate confidential transactions and incentivize staking to secure the network.

The tokenomics of FRA are structured to ensure a balanced reward system for validators and delegators. The total supply of FRA is capped at 21 billion tokens, and transaction fees are burned, making the token deflationary. The circulating supply and staked supply are used to determine block rewards, ensuring that validators and delegators are adequately incentivized and rewarded.

Findora has a strong focus on community governance, allowing FRA holders to vote on Findora Improvement Proposals (FIPs). The network also features low transaction fees, making it suitable for decentralized exchanges (DEXs), games, and other transaction-intensive applications.

Historically, Findora has undergone several funding rounds, including an ICO, token launch, and six additional rounds, raising a total of $113.41 million. The token's price has fluctuated over time, with predictions suggesting a potential rise in the future.

The Findora network offers a range of tools and services, including the Findora Wallet for sending confidential transactions and issuing zkTokens, as well as resources for developers and validators. The network's mission is to provide a decentralized financial infrastructure that can be used by institutions and individuals alike.

Discover
Findora
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Findora works

Findora (FRA) is a cryptocurrency that operates on a Layer-1 blockchain, designed to accelerate mainstream adoption through powerful zero-knowledge solutions and software development kits (SDKs). The platform integrates two blockchain models into a single Layer-1: the EVM (Ethereum Virtual Machine) layer for programmability and the UXTO (Unspent Transaction Output) ledger optimized for zero-knowledge operations.

EVM Compatibility and zk-Toolkits

Findora provides Solidity developers with a way to build EVM-compatible applications and assets using RESTful APIs and zkSDKs. This allows developers to easily integrate zero-knowledge functions into their decentralized applications (dApps), games, and platforms. The zk toolkits empower developers to build zk functions into their applications, ensuring selective transparency and control over on-chain data.

Efficient Circuits and Horizontal Scalability

Findora's zk foundation features highly efficient circuits using Bulletproofs and TurboPLONKs, which enable fast proofs and low network fees. The platform also supports horizontal scalability through modular subnets that can be tailored to the needs of specific dApps, ensuring extensive scalability.

Dual Chain Architecture

The dual chain architecture combines the EVM ledger for compatibility with the UXTO ledger optimized for zk operations. This allows developers to leverage either layer as needed, providing flexibility and selective transparency in their applications.

FRA Token and Staking

The FRA token powers the Findora network and is used for sending confidential transactions and earning rewards through staking. Users can stake their FRA to secure the network and earn rewards. The token has a capped supply of 21 billion FRA tokens, and transaction fees are burned, making it deflationary.

Findora Wallet and Community Governance

The Findora Wallet allows users to move assets between the EVM and zk ledgers using Prism Transfer. Users can also issue custom tokens, send confidential transactions, and stake UTXO FRA. FRA holders can participate in community governance by voting on Findora Improvement Proposals (FIPs).

Overall, Findora (FRA) is designed to provide a robust and scalable platform for building decentralized applications with advanced zero-knowledge solutions, empowering users to control their on-chain data and ensuring selective transparency.

Discover
Findora
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Findora's strengths

The token Findora (FRA) has several strengths that make it an attractive investment opportunity:

  • Security: FRA is the native token powering Findora's layer-1 blockchain, which combines an EVM layer for programmability and a UTXO layer for privacy. This dual-chain architecture ensures that the network is highly secure, making it suitable for confidential transactions and asset management.

  • Staking and Rewards: FRA holders can stake their tokens to earn rewards while securing the network. The staking mechanism is designed to incentivize validators and delegators, ensuring the network remains robust and secure.

  • Deflationary Supply: The total supply of FRA is capped at 21 billion tokens, and transaction fees are burned, making the token deflationary. This mechanism helps maintain the token's value over time.

  • Low Fees: Transactions on Findora are extremely low-cost, with a fee of only 0.01 FRA. This makes it an attractive platform for decentralized applications (dApps) and other use cases that require frequent transactions.

  • Community Governance: FRA holders have a say in the future development of the platform through voting on Findora Improvement Proposals (FIPs), ensuring that the community has a direct impact on the project's direction.

  • Advanced Technology: Findora's use of zero-knowledge proofs and other advanced cryptographic techniques provides a high level of privacy and security for users, making it an attractive option for those seeking confidentiality in their transactions.

  • Developer-Friendly: The platform is designed to be developer-friendly, with tools and APIs that make it easy to build decentralized applications (dApps) and other projects. This could lead to increased adoption and usage of the token.

These strengths position Findora (FRA) as a promising cryptocurrency project with a focus on security, privacy, and community governance.

Findora's risks

Findora (FRA) is considered a relatively high-risk investment. The risk score indicates that investors should be cautious and thoroughly assess the project before investing. Trading in financial instruments and/or cryptocurrencies involves high risks, including the possibility of losing some or all of the investment. It is crucial to conduct thorough research and understand the project's tokenomics and technology before investing in FRA.

Discover
Findora
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Findora raise funds?

Discover
Findora
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Findora’s team

  • Team Members:
    • John Powers: Co-founder, a leading Stanford researcher and academic.
    • Warren Paul Anderson: VP of Product at Discreet Labs, involved in the development of Findora.
    • Paul Sherer: Team member at Findora Foundation.
    • Chris Chu: Smart contract/web developer at Findora Foundation.
    • Daniel Finley: Team member at Findora Foundation, focused on building parallel institutions.
    • Li Harry: Team member at Findora Foundation.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Findora NEWS REPORT

Latest news

Want an analysis of Findora? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM