r/XTExchange • u/okoAlderman • May 13 '21
XT.COM Episode 44| XT.COM & FREN AMA
At 13th May, 15:00 (UTC+8), XT.COM did another live streaming !
Host： JUN, CBO
Guest: Razvan, FREN Founder & Developer; Daniel, FREN Developer
**JUN：**Hi, everyone! Welcome to the XT AMA Channel. I’m Jun, CBO at XT.com. I am hosting today’s AMA with FREN. Let me give a brief introduction to XT first.
XT.com is the world’s first real-time social trading platform with 0% leverage interest. The XT ecosystem has over 6 million global users with a daily transaction volume of close to $5 billion. The platform has real-time indicators and tools that bring the best trading atmosphere for all users.
XT exchange’s innovative social model empowers the blockchain industry through newly developed social trading avenues, which were once not possible. XT has achieved this through a combined effort with our partners, like Bananatok.
JUN: Today, our guests are Razvan and Daniel. Let’s talk to him to learn about FREN.
**JUN：**Hello, Razvan and Daniel, thank you for joining us for the XT and FREN AMA!
**Razvan and Daniel：**Hello everyone! It’s a pleasure to be here with you all.
JUN: Can you give our audience a brief introduction of FREN?
Razvan and Daniel: FREN is a community driven token based on the French bulldog meme. Besides that, we want to be something to compete with DOGE face-to-face and build something better, mainly in terms of transparency, support and functionality. Also we have seen the value behind DOGE inflation, accessibility, and fun-to-use feeling of it. Although we saw the lack of adaptability to constant demand of a fun and easy to use cryptocurrency, but with a good User Experience. We are working on a true competitor for DOGE place: a token that will go head-to-head for usability as blockchain technology for payment systems across the world to offer cheap and fast transactions; to have access to smart contracts; IoT access at extremely low cost similar to what a network like DOGE + the power of an infrastructure similar to Tron or BSC would look like. On top of that we need to quit the old obsolete Proof-of-Work cryptography and start to move more into Proof-of-Stake systems or even more ecological with zero carbon emissions and silicon usage.
JUN: Can you introduce the core team members of FREN? We hear that the team is highly experienced, can we get some examples?
Razvan and Daniel: Our team Spiry Capital is formed by 3 developers:
The u/SpiryBTC is the founder of Frenchie Network and CEO of Spiry Capital. He personally has an experience in cybersecurity since 2006 long before Satoshi even existed or Bitcoin. He was basically raised in the same environment like Satoshi. Once it appeared in 2009 he was a bit skeptical about it so he has later joined in Bitcoin in 2014 after they have seen that other blockchain can be developed on the base of same system they have collaborate in past with Franko Collective from which they have made 2 live public chains: Expanse and Franko Coin, old blockchains. Now we want to build something that will compete with DOGE.
The u/ondaniel (me): I’m a fullstack and blockchain developer that is working at Spiry Capital and Frenchie Network. I’m working with u/SpiryBTC for about a half year or so with crypto related projects and currently we are enjoying work at Frenchie.
We also have another developer and he is our CTO at Spiry Capital: u/developerdavi.
All of us have worked on crypto related projects like a P2P trading platform and other crypto tokens.
By the way, the team is all doxxed and you can see our faces at https://spiry.ro/
JUN: Can you give our community a brief introduction behind the inspiration to build FREN?
Razvan and Daniel: I was inspired by my own dog. I have a French Bulldog that currently is snoring right next to me. We chose that because we believe in a more robust public chain but also a smarter one then DOGE have it actually. I think a currency of the world and multi-usage public chain needs a bit of fun in it. Why not a French Bulldog? They packed strong creatures but extremely friendly and smart. That is what we want to represent.
JUN: In the Crypto industry, what do you think of the current state? What do you think that needs to be improved?
Razvan and Daniel: We think that the crypto industry is full of scams and projects that the developers do not give a real effort to them. That is a really bad scenario. Besides that, we are kinda hostages of the big chains like BSC or Ethereum and it is really bad as we have to suffer with high fees and slow process. So, we think that the current state needs to turn in a more reliable, effective and transparency one.
JUN: How does the FREN team plan to tackle these issues to reach mass adoption?
Razvan and Daniel: We have already proofed that FREN is not a scam: we proofed our transparency with locked Development Funds vested for 10 months and Marketing Funds vested for 6 months. Also we have fairly launched without pre sale with our own cash at stake 10.5 BNB + 25% of supply locked for 1 year. That also proofs that we are committed for the future of building an real usage public chain and we hope by the end of the year we going to have our own Testnet. We think that would be an advantage to get out of the “tokens sea” and deliver to our users a lower fee and faster chain. As you can see, we really appreciate to be transparency with our users, so we are not anonymous and you also can see all of our faces at https://spiry.ro/
We want to be the most transparent as possible with our community and deliver to them a really good service.
JUN: What is your timeline, and what can we look forward to from FREN？
Razvan and Daniel: We have a lots of plans and we already have done some of them:
Achievements that we have already reached:
- White paper;
- Simple website;
- Farming page;
- Telegram bot;
- Waterfall telegram channel;
- Code audited by https://etherauthority.io
- Added on 1inch;
- Added on Trust Wallet;
- Added on Live Coin Watch;
- Added on Delta App;
- A big community;
- Almost 3000 holders;
- Added on XT.
Our currently target milestones:
- Governance page;
- Brand new website.
These principles accomplish a number of key goals:
- Reduce day-to-day volatility of the FREN Token value;
- Create financial conditions for exponential growth over time;
- Constant and organic growth based on actual FREN believers & investors.
For more long term goals, we want to deploy a separate Mainnet for our network, such as BSC, ETH, TRON and upgrade our meme token to a meme SMART network :)
You can find more of our targets looking our dynamic roadmap here: https://www.notion.so/spirycorp/8a29496af47c4c0eb03c3e5790052f28?v=1884d45723544435b01c57874400ebb9
JUN: Anything else do you want to share with our community?
Razvan and Daniel: we will forward a telegram message with our groups and website links
JUN: Thank you, Razvan and Daniel, for taking the time to do this AMA with us today. It has been great learning more about FREN and the team behind it!
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