How To Buy Findora (FRA)?

A common question you often see on social media from crypto beginners is “Where can I buy Findora?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Findora (FRA)

First, you will need to open an account on a cryptocurrency exchange that supports Findora (FRA).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Findora (FRA) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Findora (FRA)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Findora (FRA) or Findora (FRA) trading pairs. Look for the section that will allow you to buy Findora (FRA), and enter the amount of the cryptocurrency that you want to spend for Findora (FRA) or the amount of fiat currency that you want to spend towards buying Findora (FRA). The exchange will then calculate the equivalent amount of Findora (FRA) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Findora (FRA) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Findora (FRA)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Findora (FRA)?

Findora is building a global, decentralized financial network for the creation and use of confidential assets and smart contracts. The Findora blockchain achieves privacy-preserving transparency, operates with the best-in-class security features, and uses ZK-Rollup technology. Its flexible technology can also be used to replace enterprises’ current infrastructure or be deployed in the cloud as sub-networks (side-ledgers) – all interoperable with the public Findora blockchain.

Findora enables assets of any nature on its network-fiats, cryptocurrencies, equity, debt, and derivatives. Its mission is to address the challenges that exist when supporting a wide spectrum of assets and diverse financial use cases while providing confidentiality and retaining transparency.

Findora’s mission is to build a decentralized financial network for issuing confidential assets and smart contracts. Findora has created a system that achieves privacy-preserving transparency. Its flexible technology can also be used by institutions to replace their current infrastructure or deploy in the cloud – all interoperable with the public Findora network.

What problem does Findora aim to solve?

A blockchain is an append-only ledger of transactions that allows anyone to verify that its history is correct. Typically, this means that all transactions and their contents need to be public knowledge. To an individual user, this means sending a transaction over a blockchain is similar to publishing their financial activity on Twitter. So, when a user participates in open finance on a transparent public blockchain, any observer can view the user’s financial history.

For financial services, this creates a dilemma: although blockchain has the potential to greatly increase efficiency and reduce fraud, it creates new problems due to the lack of privacy. For example, exchanges need privacy to prevent front-running and keep user data confidential.

While some blockchain solutions offer private transactions, they do so in absolute terms. The entire transaction is either hidden from observers or revealed to the public through a view key. In Findora, users can prove fine-grained statements about their accounts without revealing any sensitive information.

Findora also supports confidential asset policies and smart contracts, enabling automatic enforcement of rules and programs. For example, an asset tracing policy can be attached to an asset. This would require transactions involving that asset to make selective information visible to an auditor, even though the transaction contents are confidential to everyone else. If a user doesn’t feel comfortable with the attached policy, they can simply use a different service.

By using Findora, financial services can enjoy the transparency of blockchain while remaining compliant and confidential to the public, and users remain in control of their privacy.

Privacy Preservation through Zero-knowledge proofs

Imagine there’s a door with a keypad lock next to it, and Bob is trying to persuade Alice that he has the correct password for the keypad lock. By unlocking the door with the keypad lock, Bob has given Alice a compelling argument for him knowing the password, without directly revealing what it is. In other words, Bob has convinced Alice that his statement about knowing the password is true, without revealing any additional knowledge about the statement.

To achieve privacy-preserving transparency, Findora uses these types of zero-knowledge arguments, or zero-knowledge proofs (ZKPs), to prove many complex statements without revealing anything about their contents.

Findora users can verify that the state of the ledger is valid without knowing the contents of transactions. Instead, the ledger is filled with ZKPs, and sensitive user data remains confidential to the public. This opens the door for all types of services to run on Findora. On Findora, you can build confidential yet publicly auditable applications for decentralized exchanges, marketplace lending, investment funds, liquidity pools, payments, banks, and much more.

What is the FRA Token?

FRA is the native token of the Findora platform and is required for access to its core features and functionalities, including staking, governance, payment for transactions, privacy-enhancing features, and access to advanced financial application building tools and other services.

Findora development updates in 2023

In 2023, Findora has embarked on an ambitious journey with several key developments and updates to its platform. Here are the highlights from Findora’s roadmap and updates for this year:

• EVM Staking: A major update for Findora in 2023 is the introduction of EVM staking. This feature is highly anticipated by the community and allows users to stake FRA tokens directly from a staking dashboard using MetaMask. This simplifies the staking process, making it more accessible to a wider user base.

• “Triple-Masked” Transfers: Findora is enhancing its privacy features with “Triple Masking”. This feature will shield the sender and receiver addresses in addition to the token amount and type used in a transaction. This is particularly beneficial for DAOs and dApps that prioritize the confidentiality of their users’ personal finances.

• Multisig Wallet Support: The platform plans to introduce multi-signature wallet support, a crucial feature for managing community funds. In the future, this will also integrate with triple masking to further protect the privacy of transactions.

• On-Chain Number Randomizing: In collaboration with a partner, Findora aims to launch on-chain number randomizing, a feature vital for Web3 game developers on the platform. This leverages Findora’s hidden-state data for creating unique gameplay experiences.

• Rosetta API Integration: The integration of the Rosetta API will facilitate easier integration of Findora with wallets, large exchanges, and applications, aiding in the platform’s wider adoption in the Web3 space.

• Revamped Partnership Program: The Findora Foundation has committed up to $100 million over several years for the development of Findora’s ecosystem. This grant program is open to various teams for developing basic infrastructure dApps or creating dApps using a zkSDK.

• Introduction of ZK-NFTs with Prism++: Prism++ will enable the migration of NFTs, typically confined to EVM environments, to Findora’s UTXO layer. This move will allow the creation of “ZK-NFTs” and open new use cases for NFTs in Web3.

• Polygon Bridge to Findora: The deployment of a bridge between Findora and Polygon is underway. This bridge will connect Findora to Polygon’s liquidity and allow the migration of Polygon-based assets to Findora for confidential transfers.

• App Chains: Findora will allow developers to deploy parallel app chains on its platform, providing them with the freedom to develop as needed while leveraging zk features.

• Auditability and Compliance Features: Viewing keys will be deployed to build auditability into protected transactions, enabling encrypted assets to be audited by token issuers without making them public on-chain.

• On-Chain Governance Voting: An on-chain governance voting system will be implemented, allowing FRA token holders to vote on Findora Approval Proposals and other important issues.

• Community Grant Approvals: A community grant will be introduced where projects can compete for funding, with the community voting on which projects to support.

These developments mark a significant step in Findora’s growth, particularly in enhancing its privacy features and expanding its ecosystem​​​​​​.

Official website: https://findora.org/

Best cryptocurrency wallet for Findora (FRA)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Findora (FRA)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).