Utility 3 - Fee Reductions

Enhanced Staking Rewards and Fee Reductions

The $FRGP token is strategically designed to support and reward long-term investment and active participation in the ecosystem through a progressive staking mechanism. This system not only fosters a stable token economy but also significantly lowers transaction fees, enhancing user engagement and investment returns.

Fee Reduction Tiers

Users can decrease their transaction fees by staking $FRGP tokens. Our tiered fee structure is designed to reward greater stakes with substantially lower fees, thus encouraging more significant investment and prolonged token holding:

• Basic Tier:

  • Staking Requirement: No FRGP tokens required.

  • Transaction Fee: 0.25%.

  • Benefits: Automatically qualified for all users, ideal for newcomers testing the platform.

• Bronze Tier:

  • Staking Requirement: 500 FRGP.

  • Staking Duration: Minimum of 7 days.

  • Transaction Fee: Reduced to 0.22%.

  • Benefits: Designed for users beginning to invest in the ecosystem, offering modest fee reductions.

• Silver Tier:

  • Staking Requirement: 1,000 FRGP.

  • Staking Duration: Minimum of 7 days.

  • Transaction Fee: Reduced to 0.18%.

  • Benefits: Targets committed users looking for enhanced benefits from their participation.

• Gold Tier:

  • Staking Requirement: 5,000 FRGP.

  • Staking Duration: Minimum of 7 days.

  • Transaction Fee: Reduced to 0.15%.

  • Benefits: Suitable for serious investors dedicated to the long-term stability and growth of the platform.

• Platinum Tier:

  • Staking Requirement: 10,000 FRGP.

  • Staking Duration: Minimum of 7 days.

  • Transaction Fee: Reduced to 0.10%.

  • Benefits: Rewards substantial investment with significant fee reductions, enhancing profitability.

• Diamond Tier:

  • Staking Requirement: 20,000 FRGP.

  • Staking Duration: Minimum of 7 days.

  • Transaction Fee: Reduced to 0.05%.

  • Benefits: The highest reward tier, offering the lowest transaction fees for elite stakeholders deeply invested in the ecosystem.

Automatic Tier Upgrades

To further incentivize sustained investment and reward the community's loyalty, we have implemented an automatic tier upgrade system:

• Upgrade Condition: Maintain the staking level required for your current tier for more than 21 consecutive days.

• Upgrade Benefit: Automatically graduate to the next tier, availing of lower transaction fees without the need to increase your stake.

• Purpose: This feature is designed to recognize and reward the ongoing commitment of our users, promoting a stable and engaged community.

This staking model is central to our strategy of building a robust and dynamic ecosystem where the benefits scale with user involvement and investment. By encouraging users to hold and stake $FRGP, we aim to reduce volatility and ensure a steady demand for the token, which supports overall ecosystem health and sustainability.