User:John Gouthek/sandbox

Frequency Chain is a blockchain platform designed to establish a multi-chain blockchain system that aligns with Ethereum's functionalities. Similar to Ethereum, it initially adopts a proof-of-stake consensus mechanism for processing on-chain transactions. The native token for Frequency Chain is called FREC, the maximum supply is 420M as Maximum supply and Total supply: 180,000,000 ; Total circulation supply: 46,800,000 and listed in coin store exchange by 2023 for global trade and it operates as an ERC-20 token, ensuring compatibility with other Ethereum-based cryptocurrencies. Frequency Chain finds utility in decentralized applications (dApps) such as DeFi, DAOs, and NFTs.

The Frequency Chain was launched in 2021 by Thai Green Power Solution Co., Ltd., a renewable energy firm based from Thailand. Initially it was launched on polygon mainnet with ERC20 integration.

In December 2022, Frequency Chain technical team initiated the development of their own Frequency Blockchain Network with adopting a modified Proof of Stake as their consensus mechanism.This is to reduce the energy conception and contribute towards sustainable development goals. As per their white paper version 1, this design of the network and it's utility towards the renewable energy industry.

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