💎Tokenomics
⚡Global Use Case (Disrupting Visa and Mastercard)
FRIDDY connects people in emerging markets to global online merchants through a web3 alternative payment system.
It’s similar to Visa or Mastercard, as it facilitates transactions between merchants and buyers. But it’s different because for three reasons:
It empowers financial accessibility for people in developing nations, allowing them to make purchases they otherwise would not be able to in their native currency
It replaces payment processors with Network Payment Affiliates (NPAs), members of the FRIDDY ecosystem who offer liquidity to be rewarded in Friddy
Friddy is faster—a more efficient (and cost-efficient) solution that offers significantly faster settlement times
By providing newfound financial accessibility across millions of transactions in multiple developing nations, FRIDDY’s potential global revenue is staggering.
⚡FRIDDY Transaction Overview
Friddy has three major participants in every transaction.
Individual Network Payment Affiliates (NPAs) replace the need for payment-processing providers entirely, while earning a reward on every transaction.
Variation 1: Individual Network Payment Affiliates (NPAs) are individuals who act as the “payment-processor”
Variation 2: Individual Network Payment Affiliates (NPAs) act as the intermediary payment processor and are incentivized in FRIDDY.
Merchant transactions are immediately settled with Friddy—free from chargebacks and fraud.
And the end user, the customer, has more accessibility to more products and remittance opportunities at lower rates.
⚡Tokenomics Overview
Friddy (FRIDDY) is the utility token used across the Friddy ecosystem—primarily to incentivize participants for successful transactions.
FRIDDY represents an interest in the Friddy Network. Because of this, it is speculative in nature, and will be traded on exchanges. There is also a finite supply of FRIDDY—no more will ever be created–and tokens are systematically burned on every transaction. For this reason, FRIDDY is deflationary in nature, and its value grows by design.
⚡Blockchain
FRIDDY is a BNB token on the BNB Smart Chain (BSC),
⚡Max Supply: 210,000,000
FRIDDY’s cap on the total coin supply is by design. A deflationary market environment provides a stable, predictable environment in which our community of investors can participate. This will facilitate the long-term sustainability of FRIDDY and its corresponding ecosystem.
FRIDDY has a maximum supply of 210 million tokens, which were pre-mined during its initial coin offering (ICO).
⚡Private Rounds: 21,000,000 (10%)
Our private rounds allocation are to be sold to a select group of early investors. These initial capital rounds are crucial for the foundation of FRIDDY’s infrastructure, including establishing our token in the market, building out the team, and creating marketing materials.
⚡Seed Round: 14,700,000 (7%)
The seed round allocation will be another early-stage financing mechanism, but sold to a larger pool of investors. The Seed Round will give FRIDDY further traction ahead of the public launch.
⚡Public Round: 3,570,000 (2%)
The public round allocation will allow the broader public to participate in purchasing FRIDDY tokens. Note: There will be some limitations on which countries can participate in the public round, which will be included in the white paper and on the public sale landing page..
⚡LP Rewards: 44,037,000 (21%)
The LP rewards allocation incentivizes users to participate in the FRIDDY ecosystem by providing liquidity for transactions. Liquidity is crucial for smooth trading of the token.
⚡Team/ Advisors/ Founders / Early Backers: 12,600,000 (6%)
This allocation compensates the FRIDDY team, advisors, founders, and early backers for their contributions to the project. It helps ensure their continued commitment and development of FRIDDY.
⚡Treasury: 84,000,000 (40%)
The treasury allocation represents a reserve of FRIDDY tokens controlled by the project. These tokens can be used for various purposes, such as future development, marketing initiatives, or acquisitions.
⚡DEX/CEX Liquidity: 17,493,000 (8%)
This allocation is dedicated to providing initial liquidity for FRIDDY on decentralized exchanges (DEXs) and centralized exchanges (CEXs). This initial liquidity is essential for enabling early trading of the token.
⚡Promotional: 12,600,000 (6%)
The promotional allocation is used to fund marketing and promotional activities for FRIDDY. This helps raise awareness of the project and attract new users and investors.
⚡FRIDDY Projected Utility
The potential for mass utility adoption coupled with the deflationary nature of FRIDDY provides an opportunity for significant ROI over time.
⚡FRIDDY Velocity
Velocity refers to the rate at which FRIDDY circulates within the network—showcasing how actively FRIDDY is being used in transactions. Because its utility is essential in every transaction, once transactions within the FRIDDY ecosystem reach critical mass, the token’s velocity will by design.
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