Findora’s Native FRA Token Has Launched on Kucoin — And What That Means for FairySwap

Use FRA to Access FairySwap and other Findora Ecosystem Dapps.

It’s easier than ever to access the magic of FairySwap.

Findora’s native token, FRA, is now listed on the Kucoin, the world’s 5th largest crypto exchange. FRA is necessary to pay gas fees when first accessing FairySwap and can be used for staking in its genesis mining pools. Making FRA more accessible equals making FairySwap more accessible.

To see how to purchase FRA on Kucoin, see here. FinDAOra also made an FAQ sheet to guide you through acquiring FRA on Kucoin as well.

What Findora’s Progress Means for All of Us

Findora’s native token has been listed on Gate.io, CoinTiger, and other exchanges but Kucoin, with its 5 million users spread across the globe, is the largest exchange to have a trading pool with FRA. Before listing new coins, it has a strict vetting process that takes into account security, ecosystem development, and technological potential among other factors.

Getting a FRA/USDT trading pair on Kucoin is a signal of the strong ecosystem development on Findora, and an opportunity for continued growth — as Findora takes off, it helps all the Dapps on its ecosystem as well.

Kucoin is integrated with the Findora Smart Chain. Also, in addition to MetaMask, you can now use Bitkeep Wallet to get FRA from Kucoin and access Dapps like FairySwap.

Once you transfer FRA to the Smart Chain, you can use Prism Transfer to move your tokens to the UTXO chain. Note: Prism can only transfer FRA between Findora’s two chains — never use it to transfer coins between an exchange and Findora.

Why FRA is Important for FairySwap, Findora’s First DEX

Listing FRA is a big step for privacy in Web3 because FRA is necessary to access Findora’s Dapps like FairySwap. FairySwap capitalizes on Findora’s dual-chain architecture to shield user transaction data like the sender, receiver, transaction amount, and the type of asset being used. This not only gives users privacy but also protects them from front-running attacks and miner extractable value.

It’s estimated that in 2020 and 2021, miner extractable value cost traders on Ethereum over $761M. FairySwap’s system of shielding transactions in the mempool will protect users from “sandwiching” and other front-running attacks, as well as protect their identity on-chain.

Here’s what you can do on FairySwap, using FRA tokens:

1. FRA is a ticket to participate in the Findora ecosystem.

Gas fees on FairySwap, and other Findora ecosystems Dapps, will need to be paid in FRA. As Findora adds DEXs, cross-chain solutions, and NFTs trading platforms, FRA will give you access to all their services.

2. FairySwap Provides FRA Holders Access to high yield liquidity farms.

There are currently 6 open FRA pools on FairySwap: FRA-BTC, FRA-BNB, FRA-ETH, FAIRY-FRA, FRA-USDT, and FRA. The average APR among these pools is around 441% at the time of this writing.

3. Using FRA to mine $FAIRY Gives You Governance Rights

Unlike other projects that claim to be community-governed, FairySwap puts its tokens where its mouth is. 97% of all governance tokens will be distributed to the community through liquidity mining. You can stake your FRA to mine $FAIRY and have a say in one of the most democratic DEXs in DeFi.

The Future of FairySwap

As the FairySwap platform develops, $FAIRY will grow in its utility and value, and the programming pixies are hard at work to build out the Fairy platform. Here are a few things the team is working on at the moment:

1. FairyDAO

To be launched this year, FairyDAO will be where the Fairy community submits and votes on improvement proposals. The Fairy community will control FairySwap, not insiders or founders who reserved a majority of tokens early on. We want to make sure this is a truly independent and democratic community that owns its own smart contracts, and we believe a DAO is the best way to accomplish that.

Community members will vote on key policies like:

• How much deflationary pressure to put on the ecosystem
• Yield farming multipliers
• What ecosystems to integrate with next

Those who hold FairyNFTs will also be able to vote in FairyDAO.

2.) FairyNFTs

FairyNFTs are zk-NFTs that randomize owner wallets to keep them anonymous. As NFTs evolve from being merely artworks to financial products, access passes, and GameFi items, it becomes increasingly important to give the owner the option of privacy. FairyNFTs will also be used in the upcoming Fairyverse.

3.) Fairyverse

The Fairyverse is a metaverse gaming environment in the Fairy ecosystem. We’ll be launching a play-to-earn RPG game featuring FairyNFTs as avatars and items, and will add other games as well.

More About Findora

Findora is an innovative L1 blockchain built with both a UTXO-model chain and an EVM-compatible chain, or “smart chain.” The UTXO chain is called the native chain and uses zk-SNARK technology, allowing users to encrypt smart contract inputs, and providing users with confidential transactions. The smart chain makes Findora interoperable with other EVM-compatible chains like BNB Chain, Polygon, and of course Ethereum.

Developers can use either chain when building Dapps and adding features. By empowering developers with more tools, Findora lets them give users more features. Because Findora uses state-of-the-art technology like Bulletproofs and PLONKs, its distributed ledger can be publicly verified without publicly revealing transaction data.

To learn more, visit https://findora.org/

About Fairy Swap:

FairySwap is the first automated market maker (AMM) decentralized exchange (DEX) on Findora. Using Findora’s powerful EVM, it offers lightning-fast cross-chain trades, and with Findora’s native chain, programmable privacy and confidential transactions.

Learn more at http://fairyswap.finance/ or join their community at https://t.me/FAIRYSWAP. Click here to learn about purchasing FRA on Kucoin. See FinDAOra’s FAQ sheet and tutorial here.

Join our communities to learn more about FairySwap, and stay updated:

Telegram: Community Channel

Twitter Handle: @fairy_swap

Website: https://www.fairyswap.finance/about

Github: https://github.com/Fairyswap

Medium: https://medium.com/@fairyswap

Discord: https://discord.gg/wUT7DmRRs4