Token Standard

FRT is a multichain token that is issued on a variety of blockchains. On the Solana blockchain, FRT follows the SPL (Solana Program Library) token standard. SPL tokens represent a unified protocol for both fungible and non-fungible tokens, streamlining token management and enhancing interoperability within the Solana ecosystem. SPL token contracts must declare the basic characteristics of the tokens, such as name, symbol, and decimal precision. They track the total number of tokens and manage the token balance for each Solana address, allowing address holders to transfer portions of their balance to other addresses. Most Solana-supporting exchanges and wallet applications already have built-in support for SPL tokens. The initial token generation takes place via the VNX Platform, while any subsequent FRT transactions follow a smart contract written to the SPL specification. The SPL contract code is available for technical review and audit, ensuring transparency and allowing anyone to verify that the code functions as described by VNX. On other blockchains, the FRT smart contract will adhere to the standard protocol for representing custom tokens specific to those blockchains.