Essentials about FRND token

Greetings, community! Today we want to share more about our token!

The FRND token holds the economic model of the Friend Network cloud. It aims to introduce a fairer model for trade between individuals and commercial entities. It tries to nurture stronger privacy and personal ownership over own data, property and subscriptions. FRND is also a means for incentivising the organic, user-driven growth of the infrastructure nodes in the network.

The Friend Network Token FRND will be the token for the internet and Blockchain operating system - the Friend Unifying Platform. It will be the only means of direct payment in the Friend Store. In addition it will be a means of reward for infrastructure contributors in the Friend Network.

The Friend Network Token FRND will be used to ensure that the Friend Network will eventually can become self-governing, i.e. owned and governed by its users. Using the FRND token, we can incentivize users to propose changes to the Network and vote on their priority. Thereby, we will be able to gradually evolve the governance of the smart contract, turning it slowly into a distributed autonomous organisation.

The overall goal of the Friend Unifying Platform is to enable easy access to and distribution of both Blockchain based and other internet based solutions. Our token, FRND, can be rewarded to providers of other Blockchain services in the Friend Network like Fluence.ai or Golem.network. We will work with the best of breed token conversion/exchange solutions to make sure everything runs optimally with as little overhead and friction as possible.

Overall the use case scope of the Friend token ranges from microtransactions for providers that help the Friend Network become a global, low latency access platform. It continues with Friend Store applications and services that can both be bought or paid for based on subscription, use or one-time access.