FIREPIN Token (FRPN) is assured to be an all-in-one multi-swap DAO digital currency that will be capable of connecting five big blockchains and thus filling a gap in the crypto space. As per its creators, FRPN will eventually bridge Ethereum (ETH), Polygon (MATIC), Binance Smart Chain (BNB), Avalanche (AVAX), and Solana (SOL), allowing holders to implement transactions cheaply and quickly by using the most effective blockchain at the optimal time.
However, there are various unanswered questions about this latest digital currency, and with so many crypto scams that have happened till now, purchasers should always scrutinize all the available data before making a purchase. Here are some crucial questions that need to be answered before making a decision about investing in this crypto.
What Is FIREPIN Token (FRPN)?
FIREPIN is a DAO (Decentralized Autonomous Organization), which implies that holders of this token will be able to use their tokens in order to vote and have a say in how FIREPIN develops over time. DAOs have become famous in the crypto space as they allow holders to take part in the prevailing management and growth of a digital currency in a democratic and transparent way.
Whitepaper Of This Crypto
The FIREPIN token does have a White Paper available on the official website of the company,
and it answers various questions about the creation and future roadmap of the digital currency. As per the White Paper,
“FIREPIN hopes to build the largest community in the crypto world and tokenomics, as well as promote a long-term, rapid increase in FIREPIN token’s value.”
According to the White Paper, every FIREPIN transaction has a charge of 6%, which is divided into three components:
- 2% – Community airdrop
- 2% – Marketing
- 2% – LP Acquisition
Prevailing FRPN Token holders earn a 2 percent charge on all network transactions, which implies that the longer someone has the token, the more tokens they will collect over time.
Certik, which is a blockchain security firm that takes advantage of artificial intelligence to secure and monitor blockchain protocols and smart contracts, is presently auditing this token. The mission of Certik is to secure the cyber space, and this audit will undoubtedly raise potential holders’ confidence. Anyone can access the website of Certik and view the audit by looking for the FRPN Token.
Who Are the Inventors of FIREPIN Token?
While the majority of questions regarding the FRPN Token can be answered, there are several for which we are not been able to find data. These include the following:
- Who consists of the team, and what are their credentials?
- Where are they headquartered?
After reading the Whitepaper, we are unable to find answers to these questions; however, it is worth noting that several legitimate digital currencies, that include Bitcoin, have anonymous teams and creators.
Is FIREPIN Token A Scam?
No, FRPN Token is a legitimate digital currency. Given that this token is being audited by Certik, which is a company popular for ensuring blockchain security, it is highly unlikely that this token is a fraudulent crypto. It is hard to evaluate what is legitimate or not in the crypto space, and Dogecoin (DOGE) was dubbed a scam for years before it became one of the largest digital currencies in the world. Entities like Certik, which investigate smart contracts and blockchain protocols to assure they are compliant, are our effective way of knowing whether the technology surrounding this project is legitimate or not. Investing in any digital currency is risky, and regulations may endanger even the biggest coins, so purchasers should exercise caution at all times.
Is It A Rug Pull?
No, the FIREPIN Token is unlikely to be a rug pull, as previously mentioned, it is being audited by Certik, which will evaluate the smart contract which states how a digital currency works. If the smart contract of this token is legitimate, a rug pull is highly doubtful. Buyers, however, should be cautious, as stated previously. Regrettably, because of the unregulated nature of digital currencies, there are always risks.
What Is The Total Number of FIREPIN Tokens?
As per the White Paper, FIREPIN is estimated to have a total supply of 100,000,000,000 (100 billion) tokens throughout all protocols, with more than 30,000,000 tokens reserved for the presale. It is vital that digital currencies have a capitalization in order to ignore rapid inflation. There will never be any added FRPN Tokens created.
The FIREPIN Token is still in its infancy, but it has all the important requirements to function as a legitimate digital currency. Information related to its roadmap, white paper, and audit can all be found on its official website or its socials as well.