IQ.wiki

Read

Edit

History

Notify

Share

Frictionless

Frictionless is a -based platform designed to optimize tokenization processes and enhance the efficiency of digital asset transactions. It aims to address key challenges in the and (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 . [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 . 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 -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
See something wrong? Report to us.

Frictionless

Commit Info

Edited By

Edited On

September 30, 2024

Reason for edit:

removed outdated video, updated team list

Feedback

Average Rating

Based on over 1 ratings

How was your experience?

Give this wiki a quick rating to let us know!

Twitter Timeline

Loading...

Loading

REFERENCES

Join the IQ Brainlist

Sign up for the IQ Brainlist to get access to editing on the IQ.wiki site!

Join Now

Subscribe to our newsletter

The IQ Ecosystem Report will keep you updated on everything IQ.

Subscribe

IQ.wiki

IQ.wiki's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund group

https://twitter.com/IQWIKIhttps://www.reddit.com/r/Everipedia/https://t.me/everipediahttps://www.instagram.com/iqwiki_/https://github.com/EveripediaNetworkhttps://discord.gg/x9EWvTcPXthttps://www.facebook.com/iqdotwiki

IQ

What's IQ?StakingBonds

Company

About usCareersWe're hiringBrandingIQ GPTIQ Dashboard

© 2024 IQ.wiki Powered By BrainDAO & IQ