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FRONK holds a total supply of 51 Trillion and is used for playing games, farming, and trading. The coin also has an NFT collection named Fronklets.
Fronk is a meme token streaming on the Solana blockchain to offer justice and fairness to the crypto world. The motive is to rectify the perceived bias in the tokenomics of another cryptocurrency like BONK. The meme token was birthed from injustice and aims to create a fair environment for the Solana community.
What is Fronk Crypto?
Fronk is a cryptocurrency token introduced in January 2023 to rectify the perceived bias in the token distribution of BONK. The meme token is for the people by the people and intentions to initiate a “Civil war” between coins hosted on Solana.
The token was launched just after BONK, a Solana-based meme coin, burned their allocation of 5 trillion BONK tokens. 45% of the supply will be offered to individuals who didn’t get the BONK coin fairly and transparently.
On January 7, 2023, the meme coin started being airdropped to the selected NFT communities, including DeGods, y00ts, Okay Bears, and Cets.
The Ecosystem
Uncovering the ecosystem, the meme coin allows individuals to earn points to win rewards and offers various services like gaming, farming, and trading.
Terminal: The terminal department of the ecosystem delivers points on trading. Individuals can trade like a pro at the Fronk Terminal (Terminal V1.2) to access the best prices, liquidity, and routing. Users can exchange the SPL tokens and monitor the chart in real time.
Casino: Using casino services requires some terms and conditions related to age and legal compliance. Flip, Slots, Roulette, Dive, Hilo, and Mines are a few games offered by the respective platforms. Playing games provides Fronklet to the winners.
Farming: Individuals can also avail of the farming service by depositing tokens into the liquidity pool to earn rewards. The farms are closed for the season and have distributed around 690 Billion as rewards since November 2023.
The official NFT collection
Fronklets is the official NFT collection offered by the respective token community and is distributed to the top community members and Saga Genesis holders. Background, eyes, body, clothing, and mouth are some traits that make one item unique.
Additionally, all the 6969/6969 NFTs are sold out as per the current data and hold around 2.35K owners, of which 33.8% are unique owners holding at least one item from the collection.
Tokenomics
Focusing on tokenomics, half of the tokens have been burnt, and the remaining supply has been airdropped to NFT community members. The token is emerging as one of the most popular meme coins in the Solana ecosystem, generating millions of dollars in trading volume.
The token’s total supply is 51 trillion, and 49% of the supply is burned.
Focusing on the token allocation system, 90% of the total supply is allocated for Solana NFT communities, whereas 10% is for the Decentralized Exchange liquidity and rewards.
According to Solscan data, 1 Trillion tokens were burnt on January 8, 2023, 200 Billion on January 10, 2023, and so on.
Where to buy the meme token?
Currently, the token is available on a few exchanges, including Orca, Jupiter, and Raydium. Additionally, individuals can also buy it through Peer-to-Peer (P2P) transactions. The meme coin can be stored in wallets, including SolFlare, Phantom, and Backpack.
Conclusion
The meme coin runs on the Solana blockchain and aims to create a fair and transparent distribution of tokens. Gaming, farming, and trading are a few of the services offered by the platform and introduce Fronklets, the official NFT collection. The meme coin has 51 Trillion of total supply with a unique token allocation system.
FAQs
What is the total supply of the meme coin?
The circulating supply is unavailable, and the maximum supply is 51 trillion.
How do you earn rewards with Fronk?
Participating in the games, farming, and trading helps in earning rewards.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
