Frictionless is a platform for transferring cryptocurrency that utilises smart contracts for secure, decentralised operations. It focuses on addressing liquidity, market impact, and investment reliability issues in the realm of decentralised finance (DeFi). The platform aims to safeguard asset market prices during liquidations, improving DeFi trading by encouraging community involvement and evolving into a comprehensive peer-to-peer exchange. The FRIC token, essential for accessing services and ensuring secure transfers, enables non-custodial swaps and market access following its launch. The value of the token increases alongside platform usage and stake, generating revenue through transaction taxes and fees to sustain operations and reward token holders. Additional benefits are unlocked with more FRIC tokens, with the goal of averting market liquidations and stabilising prices through decentralised vesting solutions. Frictionless was established by Milan Jandik, who serves as its CEO.
