FrogPay is a cryptocurrency payment platform that uses AI and aims to provide a refund option, addressing challenges like transaction finality and user error.^[1]

Overview

FrogPay, founded in 2022 by Antonino Bali, seeks to improve cryptocurrency payments by focusing on security, trust, and accessibility. The platform involves end-users, merchants, jurors, and dispute managers through an incentive and reputation system designed to support secure transactions and fair dispute resolution. Merchants may benefit from increased trust and a broader customer base, while jurors are compensated for their role in dispute management.

FrogPay also allows stablecoin transactions for non-crypto users and operates under a community-driven governance model, aiming to create a safer, more inclusive payment system.^{[1][2][3][4][5]}

Products

Dispute Management System

The Dispute Management System in FrogPay aims to address conflicts from crypto transactions by aligning disputes with suitable resolution methods to ensure efficiency and fairness.^[14][16]

WiseAdvice AI

WiseAdvice AI aims to facilitate dispute resolution by analyzing case data, recommending suitable resolution methods, and suggesting relevant evidence. It also seeks to improve its recommendations by learning from each case.^[14][16]

Dispute Automatic Resolution (DAR)

Dispute Automatic Resolution (DAR) aims to efficiently address straightforward disputes within FrogPay. It applies predefined conditions and external data, such as tracking information, to autonomously resolve issues. For example, DAR can automatically issue refunds in the event of confirmed delivery problems or process refunds initiated by merchants, seeking to streamline and expedite the resolution process.^[18][16]

Jury Dispute Management System

FrogPay's Jury Dispute Management system, based on the Schelling Point concept, aims to ensure fair dispute resolution through decentralized voting without prior communication. Jurors must complete KYC verification and stake $FRGP tokens to participate, earning reputation points and fees for their involvement.

Jurors whose votes differ from the majority face reputation point reductions, emphasizing the need for careful consideration in their judgments.^[14][16]

Dispute Analysts

FrogPay offers a marketplace for verified dispute analysts who provide specialized resolution services. Initially, analysts are sourced from within FrogPay to maintain quality. The system aims to integrate external experts recommended by WiseAdvice AI in the future, allowing users to select analysts based on their needs.

It aims to handle diverse disputes by matching them with analysts who have expertise in relevant areas.^[14][16]

Architecture

Protocol Core

FrogPay's architecture is based on its Protocol Core, governed by a DAO and using smart contracts to manage transactions, user interactions, and AML compliance. The core also oversees payment processing, escrow services, and dispute resolution, along with fee structures and reward distribution. Various DApps for users, admins, and jurors connect with off-chain services, aiming to provide a secure and efficient cryptocurrency payment system.^[6]

DAO

FrogPay's architecture uses a Decentralized Autonomous Organization (DAO) for governance, initially managed through a multi-signature wallet. The DAO is responsible for overseeing smart contract updates, token approvals, parameter settings, and ID issuer management.

It also manages profit distribution, emergency actions, and recovery mechanisms. Over time, the DAO aims to transition control to the community, promoting a fully decentralized governance model that involves users in the platform's decision-making process.^[7]

Profile Registry

The Profile Registry is a component of FrogPay's architecture focused on establishing digital identities. It generates smart contract wallets for added security and recovery, and requires business profiles for merchants, facilitating account management and trust.

The registry also issues soul-bound profile tokens, which are non-transferable and may be necessary for interacting with smart contracts, ensuring verified participation.^[8]

Juror Registry

The Juror Registry in FrogPay's Dispute Management System maintains records of eligible participants. To qualify, users must stake tokens and pass KYC checks, receiving a non-transferable soul-bound token upon approval. The registry facilitates both on-chain and off-chain verification, aiming to support a fair and transparent dispute resolution process.^[9]

Address Registry

The Address Registry in FrogPay aims to simplify cryptocurrency transactions by linking user-friendly names with complex addresses, reducing errors and improving convenience. It supports both on-chain and off-chain use, integrating with DApps and smart contracts. Businesses can use brand names as payment addresses, and the registry includes safeguards, such as KYB verification, to prevent misuse of reserved names.^[10]

Payment Manager

The Payment Manager in FrogPay aims to manage payment processes by calculating fees, enforcing transaction limits, and ensuring AML compliance. It works to prevent fraud and oversee the secure and accurate settlement of transactions.^[11]

Escrow Manager

The Escrow Manager in FrogPay aims to securely hold funds during transactions, verify that conditions are met before releasing funds, and assist in dispute resolution. It operates in conjunction with the Payment Manager to manage escrowed funds efficiently.^[12]

Token Manager

The Token Manager in FrogPay aims to manage the $FRGP token's lifecycle, including vesting, liquidation, and grants. It operates under the DAO's governance, ensuring decisions align with community interests and maintain token stability.^[13]

Tokenomics

FrogPay Token ($FRGP)

The FrogPay ($FRGP) token is central to the FrogPay protocol, aiming to facilitate transactions and support the platform's dispute resolution mechanisms. It serves to provide incentives and a governance framework, aligning the interests of various stakeholders within the ecosystem.^[15]

Utility

The $FRGP token plays a central role in the FrogPay ecosystem with the following functions:

• Security: Aims to enhance security by requiring staking for jurors and analysts.
• Premium Access: Provides access to features such as early fund withdrawal and reduced fees.
• Governance: Allows holders to vote on protocol decisions and updates.
• Incentives: Serves to reward participation and contributions.
• Diverse Economy: Supports various tokens, stablecoins, and NFTs for flexibility.^[15]

Allocation

The $FRGP token distribution is structured as follows:

• Seed: 3% (30,000,000 tokens), no tokens unlocked at TGE, with an 18-month vesting period.
• Private Sale: 10% (100,000,000 tokens), 0.30% unlocked at TGE, with a 24-month vesting period.
• Public (IDO): 10% (100,000,000 tokens), 2.50% unlocked at TGE, with a 24-month vesting period.
• Team: 25% (250,000,000 tokens), no tokens unlocked at TGE, with a 36-month vesting period.
• Advisors: 10% (100,000,000 tokens), no tokens unlocked at TGE, with a 36-month vesting period.
• Reserve: 10% (100,000,000 tokens), no tokens unlocked at TGE, with a 45-month vesting period.
• Marketing: 4% (40,000,000 tokens), no tokens unlocked at TGE, with a 12-month vesting period.
• Community: 10% (100,000,000 tokens), no tokens unlocked at TGE, with a 24-month vesting period.
• Rewards: 10% (100,000,000 tokens), no tokens unlocked at TGE, with a 24-month vesting period.
• Liquidity: 40% (400,000,000 tokens), 20% unlocked at TGE, with a 48-month vesting period.

This allocation aims to balance distribution across various stakeholders and ensure long-term commitment to the ecosystem.^[17]