FrontPoint Token Burning Completed
FrontPoint is a credit rating system and peer-to-peer lending protocol based on the Binance Smart Chain Network. FrontPoint system will increase the utilization of funds and leverage of participants in the DeFi system. The credit rating system uses both on-chain part and off-chain part at the same time. The On-chain part is evaluated automatically through the system, and the off-chain part needs to be performed manually.
In FrontPoint Defi, all credit transaction records and levels of approval are transparently accessible on the chain to ensure that the system is fair and equitable. Governance records are also available on the chain to avoid manipulation. The user’s rating and relevant information are left on the chain throughout the whole process to avoid information leakage. If there is information leakage, the system is also responsible for the operation of the left information.
Tokenomics
Name: FrontPoint Token
Symbol: FPT
Contract: 0xFb91b0a8fD07C998EeEa88763f6DffE393dBfef3
Chain: Binance Smart Chain (BEP-20)
Presale Lock: 210,220,000
- Supply: 516,096,000
Recently FrontPoint successfully burn 100,000 $FTP approximately worth $56,000. FrontPoint plans to provide USDT compensation plan to participants who participated in this project TVL. This reward system will be introduced in June 2021. In addition to the governance token of FrontPoint and USDT representative stable coin will also be rewarded for participants.
ABOUT FrontPoint
FrontPoint is a credit rating system and peer-to-peer lending protocol based on the Binance Smart Chain Network
