The FRND token

Be rewarded for your hardware

Your devices can participate in forming a global decentralised supercomputer

By operating a Node on the Friend Network, users receive tokens for making their computer hardware available to the network (mining). Nodes are paid for several key resources:

  • Processing power
  • Storage
  • Bandwidth (supply of stored data)

Based on current High Performance Computing (HPC) cloud prices*, users could earn up to 24x what they might otherwise earn through mining.

(*based on current Oracle HPC pricing for equivalent TFLOP performance: https://cloud.oracle.com/compute/pricing $1.275 for 14.5TFLOP (single precision) performance).

A compelling opportunity for a true secondary income

Friend Nodes can be run on any device capable of supporting an HTML5 browser. A Node operator can use smart TVs, phones, laptops and high end gaming rigs to contribute towards the Friend Network and be paid FRND tokens. Put your devices to work when you are not using them!

Why do we need the FRND Token?

Friend believes anyone should have access to the same opportunities and capabilities no matter their device or location.

Users should also be able to decide how their digital experience evolves.

Anyone should be able to make use of their computer hardware to generate an income and help provide true decentralisation.

Without the FRND Token, the Friend Network and Friend Store marketplace would not be possible.

Friend has created the FRND token to deliver on these beliefs and much more. Only through the development of blockchain has this become possible and it is the culmination of more than 4 years of hard work and $4.5m of investment in Friend.

To deliver a service to anyone around the world requires the use of a single accessible currency. Friend understands that voting features can be distorted or tampered with, we want to produce a secure, decentralised method for guiding the platform.

A sound economic model

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.

 

FRND will be used to pay for applications and services in the Friend Store. Just like a centralised app store, the Friend store will offer a convenient way for users to find applications, games and digital services.

 

 

FRND will allow developers offer subscription models. We plan to cooperate with new emerging service providers like license.rocks to offer state of the art functionality and fair revenue sharing for both developers, content creators and other creatives.

 

 

FRND will be rewarded to users who run Friend Server servers. The Friend Core will contain functionality to enable microtransactions based on transferred bytes as well as storage and CPU usage on a participants’ systems. End users will be able to choose to connect to the nearest access node or to a further node that might be cheaper.

 

 

FRND will also be rewarded to Friend Workspace users who offer legitimate services through the Friend Store served from their Friend client (either in a web browser or Friend app).

 

The FRND token

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.

We base our FRND token on the Ethereum ERC20 standard. But this does not bind Friend as a technology platform to any specific Blockchain. We allow developers to integrate any technology stack they see fit and actively support integration efforts.

A global Friend Network made possible by using blockchain and the FRND Token.