Frontier is a chain-agnostic, decentralized finance (DeFi) aggregatecrypot. Frontier’s apps allow users to manage stakes, DeFi positions, best-rate swapping of assets, liquidity mining as well as collateralized debt positions (CDP) creating and tracking.In a nutshell, Frontier provides the essential features of DeFi to its users regardless of what platform they are using.
Frontier started development in April 2019, and the first beta version of Frontier was launched in November of this year.
Frontier announced that it had acquired $1.85 million in initial funds from various investors, including Alameda Research, CoinGecko, FTX, NGC Ventures, and many more. First token listings for FRONT, which is the primary cryptocurrency of Frontier, occurred in September 2020.
What Makes Frontier Unique?
Frontier is a company that aims to address the issue of fragmentation in the DeFi industry. There is a significant lack of coordination regarding swapping or lending, borrowing and staking and providing liquidity. Frontier seeks to overcome this problem by aggregating multiple DeFi-related applications into one.
Frontier states that non-custodial wallets are primarily suitable for cryptocurrency storage but not for DeFi. The result is that users must download multiple wallets to be part of one ecosystem. Frontier includes a range of wallets like Metamask, FortMatic, Coinbase Wallet, Trust Wallet, and imToken. Users don’t need to move their crypto assets between multiple wallets to use DeFi.
Circulating Frontier (FRONT) Coins:
The FRONT token serves as a utility token that is part of the Frontier ecosystem. It was designed to be used by the minor players within DeFi who cannot benefit from expensive costs.
The total FRONT supply is limited to 100 million tokens. The tokens are divided as follows:
- Token sale: 32.5%
- Ecosystem: 20%
- Rewards for staking: 13.5%
- Reserves: 10%
- Team: 10%
- Community: 8%
- Marketing: 6%
The FRONT token could also be used to:
- They are voting on the Frontier Chain. The FRONT token holders take decisions within the context of decentralized governance.
- The pool can be refilled with liquidity. This allows pool owners to earn passive income. FRONT tokens can start the process of establishing liquidity for various DeFi protocols.
- Staking is a method of secure security for the Frontier Chain network.
Where to Buy Frontier (FRONT) on Exchanges
FRONT tokens are traded on several exchanges, both centralized (CEX) or the decentralized exchanges (DEX), which include:
Steps to Buy Frontier (FRONT)
Step 1: If you don’t have ETH (ETH) – Ethereum at present, you will have to purchase ETH by using exchanges that accept debit, credit, or bank transfer, such as Coinbase, Bitfinex, Bitstamp, Kraken. If the exchange-listed in Step 2 accepts BTC, you can use BTC or Bitcoin instead of Ethereum.
Step 2: Create an account on one of the exchanges that trade Frontier:
Step 3. Transfer your ETH, BTC to your account using the exchange you’ve created.
Step 4: Execute your purchase transaction using a limit order at your preferred price.
Step 5: Create your wallet to work for your Frontier.
Step 6: Transfer your Frontier from the exchange into your wallet.
How is Frontier Network Secured?
This token, FRONT ERC-20, is a token. Frontier has developed intelligent contracts. These contracts permit holders of tokens to bridge their FRONT ERC-20 tokens with Binance Smart Chain’s standard BEP-20. Frontier launched the Frontier Chain Incentivized Testnet, which is powered with the Cosmos SDK, in April 2021.
Buying FRONT with cash:
There isn’t an easy way to buy FRONT in cash. But, you can make use of marketplaces like LocalBitcoins to purchase BTC and complete the remainder of the process by transferring your BTC into the respective AltCoin exchanges.
LocalBitcoins is an online peer-to-peer Bitcoin exchange. It’s a marketplace in which users can purchase and sell Bitcoins in and out of one another. The traders make advertisements based on the amount and the payment method they wish to provide.
You can purchase from sellers in a close area through the site. It is a great location to buy Bitcoins if you cannot find the payment method you’re looking for in any other place. The prices tend to be more expensive on this site, and it is essential to conduct the necessary research to avoid being scammed.
FRONT Price Prediction and Price Movement:
FRONT’s price has dropped 37.26 percent in the last three months. Given its tiny market capitalization, this price decline could likely continue.
But three months are considered to be early in the crypto market, and FRONT’s price may bounce back if it is backed by an experienced team and has met the promises they said in their white documents. So traders need to be cautious and conduct thorough research to examine whether a professional team of developers supports FRONT and whether the technology can expand.