FREN: Introducing the concept of time, better XEN is on the way?

In October last year, the Gas price of Ethereum suddenly skyrocketed, and the source of this situation can be traced back to the XEN Crypto project. The white paper of XEN Crypto introduces its goals and mission, including the concepts of decentralization, transparency, censorship resistance, peer-to-peer value exchange, and ownership. In addition, the project has attracted much attention for its "everyone is equal" participation method, attracting countless players on the chain to participate overnight, becoming a "social experiment" that has attracted much attention.

The emergence of XEN Crypto has inspired the infinite reverie of latecomers. They think about whether the design mechanism can be optimized on this basis, so that latecomers still have enough motivation to participate. It is based on this idea that FREN came into being. FREN introduces the concept of "time bank", which aims to ensure that newly issued tokens increase in value linearly over time, and establish a mechanism to control the inflation rate to maintain a healthy balance between supply and demand.

Re-optimization for XEN

Although the design mechanism of XEN is excellent, there are two problems that cannot be ignored: first, its multi-chain model uses a parallel deployment strategy, which leads to various complex problems and further dilution of value consensus; second, selling pressure and inflation make The zero-sum game of the "capital-like disk" model loses its own experimental effect as it goes on.

FREN has given its own answers to these two questions: as a response to the former, FREN has developed a layered multi-chain architecture, which aims to maintain the core value consensus on the FREN chain and realize the integration with various blocks. Seamless interoperability of chain networks.

In this layered multi-chain architecture, FREN adopts a layered asset cross-chain approach. It solves the problem of asset transfer by generating new tokens on the main chain, and strictly controls the inflation rate to maintain a strong value system. In this way, FREN can realize the efficient transfer and utilization of assets without sacrificing the integrity and security of the underlying value system.

In addition, FREN also dynamically allocates quotas to different sub-chains, and uses the Rollup model to achieve cross-chain liquidity. This model ensures that the total liquidity of the child chain is equal to the issuance on the main chain. In this way, FREN's ecosystem is able to expand across multiple chains, enabling larger-scale transactions and cooperation, and this interoperability provides greater flexibility and convenience for interactions between different blockchain networks It brings more opportunities and possibilities for users and developers.

For the latter, FREN uses various methods to optimize: First, FREN adopts a mechanism that eliminates the amplification factor of minting rewards, which means that the issuance of new tokens is only regulated by logarithmic control. This approach effectively reduces the risk of excessive token generation and maintains a stable inflation rate. By eliminating the magnifying factor, FREN is able to ensure that token issuance is aligned with the protocol's long-term vision and sustainability goals. This controllability and stability provide a solid foundation for FREN's ecosystem.

Second, FREN implements a logarithmic control mechanism for new token issuance. This logarithmic curve controls the rate at which new tokens are minted so that it increases gradually over time, providing a more predictable growth pattern. Through this mechanism, FREN is able to balance and manage the inflation rate and avoid sudden surges or violent fluctuations in the supply of tokens. This stability is critical to maintaining the value of tokens and user trust.

In addition, FREN introduces new contract parameter designs, including average minting days, average pledge days, and average pledge amount. With these new parameters, FREN adjusts the fixed annualized percentage (APR) staking reward to a dynamic APR based on time, number of stakers, and staked amount. This adjustment allows for better control over staking rewards and the overall inflation rate.

Time Bank

The biggest innovation of FREN is the introduction of the concept of "time bank": through the innovative linked exchange rate design and the time bank system related to the base currency, FREN ensures the control of token supply and predictable inflation rate. The time banking system works on the principle that the cost of newly issued tokens increases linearly over time, increasing every hour. This innovative approach not only protects the value of tokens, but also encourages users to hold tokens for the long term and discourages short-term speculation, thereby promoting a more stable and sustainable ecosystem.

The time banking system is designed with the idea of treating time as a valuable asset. The cost of minting new tokens increases gradually over time, which incentivizes users to participate and hold tokens for the long term. Through this design, FREN not only rewards long-term commitment to the protocol, but also increases the intrinsic value of the token. This unique mechanism encourages participants to take a long-term perspective and contribute to the steady growth of the FREN token.

Conclusion

As an "upgraded version" of XEN, FREN is further optimized on the basis of the former, adopts a layered multi-chain architecture, optimizes the formula to minimize the impact of new token issuance, and innovatively introduces the concept of time bank to ensure Supply control over tokens. Although FREN has taken its own step in this social experiment, the new model will still need the test of time and crowds. Only through practice and user engagement can we better understand its effects and potential. Let us look forward to the future performance of FREN to see if it can achieve its goal and promote the development of decentralized finance.

Latest News

On July 12th, FREN announced the launch of the airdrop event. This time, 300 billion tokens will be airdropped (accounting for 30% of the total tokens on the BSC chain). Users need to participate and complete the following tasks:

1. Follow @fren_bsc;

2. Quote and forward and tag 3 friends;

3. To join, find the Google Form in the announcement and fill it out.

In addition, the official Telegram group is currently conducting a 666 U reward event.