$FRONT
Frontier (FRONT) is a decentralized finance (DeFi) aggregator that aims to bring the core functions of DeFi to users across multiple blockchains, including Ethereum, Binance Smart Chain, and more. The project, developed since 2019, focuses on solving the problem of fragmentation within the DeFi sector by integrating various DeFi applications into one platform.
However, the transition from FRONT to Self Chain has raised some concerns among investors. The new Self Chain will introduce a native token, and the conversion process involves swapping FRONT tokens for the new token at a 1:1 ratio, despite the total supply increasing from 100 million to 360 million tokens. This significant increase in supply is feared to potentially devalue the new token due to the higher circulation.
Personally, I believe Frontier's overall project and goals are strong. Yet, the decision to transition to Self Chain and increase the token supply was disappointing. If Frontier had continued with the FRONT token, I would have maintained my holdings. To manage risk, I have reduced my investment in FRONT by 33%. Moving forward, I plan to stay invested in coins that show positive market sentiment and will reassess my portfolio if the market trends downward.
For more detailed information, you can refer to the sources provided by CoinMarketCap, Live Coin Watch, and CoinLore.
As with any investment, it's essential to conduct your own research before making decisions.
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