FROGEM token utility: LPs yield farming

Simultaneously with the bot launch, FROGEM AI will release its own SPL token, FROGEM, and create several trading pools on Raydium DEX (FROGEM/SOL, a little later: FROGEM/USDC, and a couple of others). We will also start a yield farming campaign for all these pools, with different nominal APYs (up to 100% APY).

SOLANA was chosen as the target blockchain due to the fact that gas fees are much lower than those of its closest competitor - Ethereum. As of May 2023, the average transaction fee is around $0.02 compared to $2 for Ethereum. Therefore, as most of the FROGEM utility will initially focus on farming, SOLANA will provide a good compromise between high liquidity and medium fees.

FROGEM will acquire a wide utility in the subsequent versions of platform, especially once we release a wallet and a trading bot dApp, where FROGEM holders will enjoy fee discounts and other benefits. OG holders (those who started buying and farming FROGEM earlier) will get extra preferences based on regular wallet screenshots.

In the early stage, our goal is to give users an opportunity to accumulate FROGEM at the best price in order to enjoy maximum opportunities down the line. We will also consider migrating the token (and the dApp itself) from SOLANA to a different chain or making it cross-chain. In any case, cross-chain support will be needed once the FROGEM trading bot can execute trades on chains like Ethereum, Solana, etc.