FRAG TOKEN explained for STEEMIT users (TRON TRX Dapp) DiFi
What is Frag Token?
"Frags are the unique currency that grows by shrinking.
A digital deflationary token powered by Tron" - Frag Token website
In short ...
It is a token which can be bough on the Dapp exchange within the Frag Token Dapp.
Frag token can be used to play games, hold and earn dividends, or trade by exchanging with TRX.
The value of FRAG's are dependent on the availability, and burn rate (transactions).
Because it is deflationary, it means the supply decreases over time, which in return increase the value.
How to access FRAG token
- Download Tronlink on your mobile app store
https://dapp.tronlink.org/#invitecode?code=27rJ&lang=en
2.Access Frag token
https://fragtoken.io/box/TLaUPHKZSr72rcfXJymdL31M14m3YEYPzj
- Exchange TRX for FRAG (click on visit DEX)
Green arrow: BALANCE
Blue arrow: BUY Frag
Red arrow: SELL Frag
Yellow arrow: Current PRICE to TRX
(Note that trading a lot of frags have a fluctuation in price, known as slippage)
The FRAG Dapps available and what they do
FRAG BOX
A passive savings account to store your FRAG's
Earn a percentage dividends daily
Percentage based on the amount of tokens you deposit in the box
FRAG POWER
A DeFi experiment that provides passive growth
Exchange your FRAG's for POWER
POWER can only be exchanged for FRAG's
POWER needs to be frozen for 7-14 days
Passive growth is achieved with inflation of POWER and increase in price in order to exchange for FRAG's.
FRAG TOSS
Betting game where you choose which side the FRAG will drop between PINS and BUTTS
50% chance on winning 1.97x multiplier to what you deposit
FRAG RAFFLE
Buy a ticket with TRX to enter the draw for the daily grand prize
The grand prize to be won is 1000 FRAG per day
FRAG DICE
Betting game of rolling HIGH or LOW
You can use the slider to change your value of number
The value of HIGH or LOW indicate the percentage multiplier on your deposit amount of FRAG'S, you can win.
FRAG GOO
This app within the Dapp is slightly different, as you earn GOO depending on your PRODUCTION or BATTLE capability.
You BUY and UPGRADE items to increase your production of GOO
PRODUCTION ITEMS
Different items available to purchase, in order to increase your production of GOO.
PRODUCTION UPGRADES
Additional upgrades can be purchased in order to increase performance of production.
This can be bought with FRAG's or TRX
BARRACKS ITEMS
You BUY and UPGRADE items in your BARRACKS to increase your ATT, DEF and STEALING capability
In order to STEAL another user's GOO supply, your ATTACK value needs to be more than the DEFENSE value.
You can only STEAL as much GOO to the value of your STEALING capacity.
Other users can also STEAL from you, depending on your DEFENSE value.
BARRACKS UPGRADES
These UPGRADES can be purchased with either FRAG'S or TRX
BATTLE STATISTICS (ATTACK, DEFENSE, STEAL)
BATTLE HISTORY LOG
This log shows the users you have attacked, who have attacked you and what amount of GOO have been STOLEN.
OBJECTIVE OF GOO
RARE ITEMS
The GOO you accumulated can be used to buy tickets to enter the daily draw for RARE ITEMS.
These items can be used to increase your PRODUCTION or BATTLE capabilities dramatically, and the item can be purchased again by a different user where you will earn PROFIT of the sale.
OR
GOO DEPOSIT BOX
You can deposit the GOO into the GOO DEPOSIT BOX in order to receive daily FRAG dividends from the BOX, according to the percentage of GOO you deposit.
REFERRALS
You earn 5% of your referral dividends , so please use my referral and start sharing!
https://fragtoken.io/goo/inline?ref=TLaUPHKZSr72rcfXJymdL31M14m3YEYPzj
PRO'S
Innovative deflationary token (value will go up)
Great development team
Fast communication and response from developing team
Financial investment opportunity with good returns
10 000 000 token supply (currently there are just over 9 million tokens left - November 2019)
Good marketing exposure
CON'S
You can lose money by playing the FRAG Dapps (DICE, RAFFLE, TOSS, GOO)
The value of FRAG in unpredictable and dependent on the market buying and selling
Each action withing the FRAG Dapp will cost you a small transaction fee of TRX
FRAG fees also apply for withdrawals from FRAG BOX (fee is returned to the pool)
Hope you find this information useful and please feel free to ask any questions and I will be willing to help.
Remember YOUR money is YOUR responsibility, I can only enlighten you with regards to a Dapp I am using and have experience with. Anything can happen at any time and no one can predict it. Until then, enjoy the earnings!!
Please make use of my referral link
https://fragtoken.io/box/TLaUPHKZSr72rcfXJymdL31M14m3YEYPzj
Any TRX TRON donations will be greatly appreciated!
FRAG OUT!
Congratulations @desseign! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
Congratulations @desseign! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking