Findora is a decentralized, privacy-preserving smart contract platform. Build the next privacy dApp for any EVM-chain with the world’s leading zero-knowledge technology-explore all new possibilities.
What is Findora?
Findora is an open, permissionless blockchain featuring programmable privacy features. The blockchain is secured by a decentralized network of global validators running the Tendermint consensus mechanism.
With Findora, developers can create digital assets, applications and smart contracts which can preserve confidential information using advanced cryptography. Findora supports zero-knowledge proof cryptography and multi-party computation technologies to enable developers to build privacy-focused applications.
What is a FRA Token
FRA is the native token of the Findora network and is required for access to its core features and functionalities on the Findora Native Chain, including but not limited to: PoS Staking, governance (FIP — Findora Improvement Proposal), payment for transactions, confidential transfers and other privacy-enhancing features, access to advanced financial application building tools and other services.
How to get FRA tokens?
What different ways can I stake?
You can participate in Findora either as a validator or a delegator. Validator means you can run a node and participate in consensus. A delegator “delegates” their FRA to a Validator who stakes it for you. It’s a much easier way to stake and help secure the network with a much lower barrier to entry.
What is a Validator?
A validator verifies and orders transactions in a block and helps propose new blocks on the blockchain. Sometimes called miners, validators participate in the consensus process and secure the blockchain. On Findora, they also participate in future governance and earn rewards for proposing and signing blocks.
What is a Delegator?
Delegators play a key role in a PoS (proof of stake) system. By providing a validator with more funds to stake, they are giving that validator a bigger holding in the network. And since they are rewarded and punished along with the validator based on the validator’s performance, they are a self-selecting, democratic way to reward reliable validators and make sure the best validators service the network.
It’s an easy, effortless way to start supporting a network and make a return for yourself.
How to Choose a Validator？
Some factors to consider when selecting a validator are the commission rate (how much a validator charges delegators to use their node) and the validator uptime. If a validator has a low uptime, not only will you make less, but you could also be penalized with them.Vett validators here: https://findorascan.io/nodes
Where can I explore the network?
If you want to track your transactions on the Findora network, you can do it here. https://findorascan.io/
What are the risks of delegating on Findora?
Be sure to keep in mind that because your stake is used and safeguarded by a validator, you share in their rewards and share in their losses. If a validator is penalized, you are penalized, and if rewarded, you are also rewarded. Penalties include a 5% double-signing fee and 0.3 FRA offline penalty (per block missed).We have our own capital on the line, so we are fully incentivized to do our best to prevent such events. However, delegators must be aware that this slashing risk will always exist.
How long does it take for an FRA undelegate?
The unbonding period lasts 21 days. FRA that is in the process of being unbonded can not be traded on an exchange or sent to other users.
Your FRA tokens are still eligible for the block rewards and slashing risk during the unbonding period.
How are rewards disbursed?
You need to withdraw their rewards from the protocol and then decide to delegate if you wish to compound rewards.
Terminet is never in control of the rewards.
If you have any questions about our services, please do not hesitate to contact us. We are happy to talk to anyone.