Frontier

Halal Rating :
Comfortable
Last Price $0.44 Last updated:
Rank 1606
1D Change 12.12 %
Market Cap $3.56m
Circulating supply 8,093,287
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

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

Overview

Frontier (FRONT) is a chain-agnostic DeFi aggregation layer launched in 2020. The platform aims to provide users with a one-stop interface to access various DeFi protocols across different blockchain networks.

Purpose and Utility

The primary purpose of FRONT is to serve as the governance token for the Frontier protocol. Token holders can participate in protocol governance decisions and shape the future development of the platform. The token also provides utility through staking mechanisms and platform fee discounts.

Business Model Analysis

Frontier's core business model revolves around aggregating DeFi services and making them accessible through a single interface. The platform generates revenue through minimal transaction fees from users accessing various DeFi protocols through their platform.

Platform Development and Adoption

The project maintains active development with regular updates to their mobile app and protocol integrations. The platform supports multiple chains including Ethereum, Binance Smart Chain, and Polygon, demonstrating technical capability and commitment to development.

Token Distribution

The total supply of FRONT tokens is 100 million, with distribution allocated across community incentives, team members, and ecosystem development. The team's tokens were subject to a vesting schedule to align long-term interests.

Current Usage

The platform is primarily used for accessing DeFi protocols and managing crypto assets across different blockchains. While some features involve lending and borrowing, users can choose to use only the halal aspects of the platform such as token swaps and portfolio management.

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.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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