What is the issuance price and issuance amount of Frontier (FRONT) currency?

The Frontier (FRONT) token was initially issued at $0.10 during its ICO in December 2018, raising $15 million with 150 million tokens sold.

Nov 29, 2024 at 12:08 am

What is the issuance price and issuance amount of Frontier (FRONT) currency?

Issuance Price

Frontier (FRONT) tokens were initially issued at a price of $0.10 during its Initial Coin Offering (ICO) held in December 2018. The ICO raised a total of $15 million, with 150 million FRONT tokens sold out of a total supply of 1 billion tokens.

Issuance Amount

• Total supply: 1 billion FRONT tokens
• Genesis allocation: 450 million FRONT (45%)
• Ecosystem fund: 300 million FRONT (30%)
• DAO treasury: 150 million FRONT (15%)
• Public contributors: 100 million FRONT (10%)

Step 1: Understanding the Background of Frontier (FRONT)

Frontier is a Web3 infrastructure provider that offers a decentralized blockchain agnostic computing solution for Web3 projects. It allows developers to build and deploy decentralized applications (dApps) on multiple blockchains without managing underlying infrastructure. FRONT, the native utility token of Frontier, serves as the medium of exchange for gas fees and other protocol-related activities.

Step 2: Exploring the Genesis Allocation

The genesis allocation of 450 million FRONT tokens was primarily distributed to the core team, early contributors, and strategic partners who played crucial roles in the development and launch of the Frontier network. This allocation was intended to incentivize and reward those who supported the project's inception and growth.

Step 3: Delving into the Ecosystem Fund

The ecosystem fund holds 300 million FRONT tokens earmarked for strategic investments in projects and initiatives that align with the Frontier ecosystem. These investments aim to foster innovation, drive adoption, and enhance the overall growth and development of the Frontier network and the wider Web3 space.

Step 4: Unlocking the DAO Treasury

The DAO treasury, consisting of 150 million FRONT tokens, is governed by the Frontier decentralized autonomous organization (DAO). FRONT holders can participate in governance and voting mechanisms to allocate funds and make decisions that shape the future direction of the Frontier ecosystem. The DAO treasury supports various initiatives, including community grants, ecosystem development, and protocol enhancements.

Step 5: Analyzing the Public Contribution Allocation

The 100 million FRONT tokens allocated to public contributors were sold during the ICO held in December 2018. The ICO attracted participation from a diverse range of investors who recognized the potential of the Frontier project and its mission to empower Web3 development.

Step 6: Exploring the FRONT Token Utility

FRONT is an essential component of the Frontier ecosystem and holds several key utilities:

• Transaction fees: FRONT serves as the primary payment method for transaction fees incurred when deploying or using dApps on the Frontier network.
• Governance participation: FRONT holders can participate in governance decisions and vote on proposals to shape the future direction of the Frontier ecosystem.
• Stakes for validators: FRONT can be staked by node operators who run the Frontier network to validate transactions and maintain network security.

Step 7: Examining the Current Market Value

Since its ICO in 2018, the price of FRONT has fluctuated due to market forces, supply and demand dynamics, and ongoing developments within the Frontier ecosystem. It is essential to note that the current market price of FRONT may differ from the initial issuance price.

Step 8: Monitoring Ongoing Developments

Frontier is continuously developing and evolving its platform, which may impact the issuance and issuance price of FRONT tokens. Keeping up-to-date with the project's roadmap, announcements, and community discussions is crucial for understanding how these changes might affect the token's value.