Frontier

Halal Rating :
Questionable
Last Price $0.36 Last updated:
Rank 1632
1D Change -2.30 %
Market Cap $2.92m
Circulating supply 8,105,933
Maximum supply None

Crypto Overview

Categories
  • Platform
  • DeFi
  • Staking
  • Avalanche Ecosystem
  • Solana Ecosystem
  • Alameda Research Portfolio
  • Exnetwork Capital Portfolio
  • Injective Ecosystem
  • BNB Chain

Project Overview

Frontier (FRONT) is a chain-agnostic DeFi aggregation layer launched in 2020. It aims to bring together decentralized finance protocols across different blockchain networks into a single, user-friendly mobile interface. The platform allows users to track, view and manage their DeFi positions across multiple chains.

Intended Utility

The FRONT token serves multiple purposes within the ecosystem: governance rights for protocol decisions, staking for platform fee reductions, and access to premium features. The token is essential for the platform's operations and community governance.

Actual Utility and Adoption

Frontier has demonstrated real utility through its multi-chain DeFi aggregation services. The platform supports major networks including Ethereum, Binance Smart Chain, Polygon, and others. It has integrated with numerous DeFi protocols and maintains active development, with regular updates to its mobile app and infrastructure.

Token Distribution and Governance

The token distribution includes allocations for team members, advisors, and early investors with standard vesting schedules to prevent immediate selling pressure. The project maintains transparency regarding token allocations and development progress through regular community updates.

Technical Implementation

The platform operates as a non-custodial service, meaning users maintain control of their assets at all times. The protocol doesn't involve interest-based lending or borrowing directly, though it does aggregate information from various DeFi protocols.

Crypto Impact

To assign a comfort level investing in Frontier from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Frontier.

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