Frontier (FRONT)

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Wallet and Asset Management

Frontier is a non-custodial wallet that lets users store, stake, swap, and bridge crypto and NFTs across 69+ blockchains. It integrates popular wallets like Metamask, Coinbase Wallet, Trust Wallet, and imToken, allowing users to manage all their crypto assets and DeFi activities in one place without switching apps.

DeFi Aggregation and Staking

Frontier acts as a chain-agnostic DeFi aggregation layer, making it easier to explore, track, and use DeFi protocols. Users can stake tokens, provide liquidity, and earn passive income through the Frontier app, which supports over 4,000 crypto assets and multiple blockchains.

Governance and Token Utility

The FRONT token powers the Frontier ecosystem. It is used for staking, governance voting on protocol upgrades, accessing exclusive services, and receiving ecosystem discounts. The token also supports deflationary mechanisms and discounted token transfers.

NFT and Ecosystem Features

Frontier supports NFT acquisition and creation within its wallet. It also offers gas-less transactions and plans to expand features like referral systems and collateralized borrowing using FRONT tokens.

Cross-Chain and User Experience

Frontier simplifies Web3 by providing a seamless, customizable user experience on mobile and desktop. It connects multiple blockchains and DeFi protocols, making it accessible for both new and experienced users to manage their crypto portfolio and interact with Web3 applications easily.

Advantages

• Frontier is a chain-agnostic DeFi aggregation layer, allowing users to access multiple DeFi protocols across different blockchains from one interface.
• It integrates several popular wallets like MetaMask, Coinbase Wallet, Trust Wallet, and imToken, so users don’t have to transfer assets between wallets to participate in DeFi.
• The Frontier app supports easy staking, swapping, bridging, and asset management natively inside the wallet.
• It offers advanced customization, dApp compatibility, and hardware wallet integration.
• Frontier supports bridging its tokens to Binance Smart Chain, increasing compatibility.
• The platform is designed for mobile use, making DeFi accessible and simple with few clicks.
• Frontier’s liquidity aggregation feature can help users get better rates and reduce fees.
• The native token FRONT is used within the ecosystem for utility purposes.

Disadvantages

• The liquidity of FRONT tokens can be low, which may make transactions difficult at times.
• The trading platform interface can be confusing for some users.
• There are relatively few types of digital currencies available on the platform.
• Some wallets require manual setup for custom tokens, which may be less intuitive for newcomers.
• Frontier’s market is relatively small, so large holders ("whales") can influence price movements significantly.

Founders of Frontier

The co-founders of Frontier are Ravindra Kumar, Palash Jain, and Vetrichelvan Jeyapalpandy. Ravindra Kumar is the CEO and a smart contract developer with experience as the former CTO of InstaDApp and Woodstock. Vetrichelvan Jeyapalpandy serves as the CTO, and Palash Jain is the CMO. They founded Frontier in 2019 in Singapore.

Investors in Frontier

Frontier has raised $1.85 million in funding from several investors including CoinGecko, NGC Ventures, Alameda Research (now defunct), and the bankrupt cryptocurrency exchange FTX. Other notable investors from its seed funding round include TRG Capital, Woodstock, Spark Digital Capital, Danish Chaudhry, Mechanism Capital, AU21 Capital, Sandeep Nailwal, and CoinGecko Ventures.

Frontier Crypto Capital Investors

Frontier Crypto Capital manages a fund of funds that attracts investors looking for a simplified entry into blockchain and cryptocurrency. It offers access to a collection of high-performing blockchain and crypto funds with lower minimum investments than usual.

Gemini Frontier Fund

Gemini Frontier Fund is another investor that focuses on early-stage crypto projects and startups, aiming to support innovation and growth in the crypto ecosystem broadly.

These investors include venture capital firms, crypto funds, and strategic investors interested in the growth and development of Frontier and the broader crypto space.

Halal Status of Frontier

• General Halal Criteria for Crypto: Cryptocurrencies are considered halal if they have real economic activity, avoid interest (riba), speculation (maysir), and uncertainty (gharar), and ideally are backed by tangible assets or have clear use cases.
• Scholarly Views: Some scholars allow crypto trading if it involves immediate ownership transfer and no leverage or interest. Others caution that many cryptos lack inherent value or involve speculative elements, making them not halal.
• Frontier Specifics: There is no direct information about Frontier’s halal status. However, since Frontier is a non-custodial wallet and platform interacting with multiple blockchains and DeFi apps, its halal status depends on the underlying tokens and activities it supports.
• Conclusion: No definitive yes or no can be given for Frontier itself without evaluating the specific tokens and transactions involved. Generally, investing or trading in crypto projects that comply with Islamic finance principles can be halal.

Short Reason: Frontier as a platform is neutral; whether using it is halal depends on the specific crypto tokens and transactions, which must avoid interest, speculation, and uncertainty to be considered halal.