Frictionless is a blockchain-based platform designed to optimize tokenization processes and enhance the efficiency of digital asset transactions. It aims to address key challenges in the cryptocurrency and decentralized finance (DeFi) space by providing solutions for price impact, vesting pressure, and asset ownership. ^[1][2]

Overview

Frictionless is a decentralized, non-custodial order book platform that aims to address three major problems in the cryptocurrency industry: the negative effects of crypto projects selling native assets on the market to raise funds, the downward pressure on asset prices through long vesting periods by institutional investors and angels, and the forfeiture of asset ownership by users of centralized exchanges. ^[1][2]

The platform's core philosophy revolves around three main pillars: innovation, security, and the future of DeFi.

The Frictionless-Platform Offers an innovative and new market experience for projects, whales, and normal investors alike. Our solution allows users to move native digital assets without creating a price impact, whilst accommodating high flexibility in how the transaction is conducted.^[2]

The native token, $FRIC was launched for trading in early January on the Ethereum blockchain. By holding and using the FRIC token, users receive lower transaction fees and participate in the platform development. ^[3]

Key Features

Frictionless offers several key features designed to address common challenges in the cryptocurrency and DeFi space. First, it eliminates negative effects on asset prices by bypassing market liquidation, benefiting tokenized projects and companies by maintaining price stability. Additionally, it stabilizes asset prices through decentralized custom vesting solutions, protecting retail investors from sudden price fluctuations caused by large-scale token releases. ^[2][3]

Furthermore, Frictionless ensures that custody always remains with the asset holder by utilizing private wallets, which maintain user control over assets. Lastly, it provides a user-friendly interface for managing digital assets, integrating various features to streamline tokenization processes. ^[2]

Technology

The Frictionless-Platform allows projects and high ticket holders to offer native assets directly to their communities and investors as a trustless and decentralized wallet-to-wallet switch. The platform utilizes smart-contract-powered ‘Offers’ as the primary mode of token transfers and deal-making, giving users the choice of automatically executing transactions directly or over time. ^[1]

Team

• Milan Jandik - CEO/Co-founder
• Achuth Krishna - Chief Financial Officer
• Oktay Hocaoglu - Chief Compliance Officer
• Zachary Cogan - Business Developer
• Gokar Nier - Chief Creative Officer
• Yuval Ardenbaum - Business Development
• Andres Sanchez - Business Development
• Dallas Reimer - Business Development
• Nelson Lopez - Human Resources
• Kevin Vernooij - Business Development^[1][3]

Partners

• Meta Grinders
• Samuraistarter
• Nadmah
• Home3
• Forward Protocol
• Blocx
• Arthera
• UTU Protocol
• Patex Network