From April 13th, we officially list Findora Token (FRA) on the ONUS application. Soon after FRA is added, users can perform the following features:
- Off-chain transactions: Send and receive FRA with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to FRA and vice versa.
Findora is a public, decentralized, multi-purpose transactional system, with tools for people and financial applications to operate over a ledger in a publicly-auditable, yet confidential way. Findora is deployed and operated by a decentralized network of operators similar to the Bitcoin or Ethereum network while it supports side-ledgers run by a variety of interoperable networks.
A blockchain is an append-only ledger of transactions that allows anyone to verify that its history is correct. Typically this means that all transactions and their contents need to be public knowledge. So, when a user participates in open finance on a transparent public blockchain, any observer can view the user’s financial history. For financial services this creates a dilemma: although blockchain has the potential to greatly increase efficiency and reduce fraud, it creates new problems due to the lack of privacy. To address this problem, Findora utilizes the latest breakthroughs in zero-knowledge proofs and multi-party computation, to provide confidentiality while retaining the transparency and public accessibility of other blockchain-based systems.
What is FRA Token?
FRA is the native token of the Findora platform and is required for access to its core features and functionalities, including staking, governance, payment for transactions, privacy-enhancing features, and access to advanced financial application building tools and other services.
- Name: Findora Token
- Symbol: FRA
- Platform: Findora
- Type: Utility