What is Freeway Token (FWT)?
FWT, short for "Freeway Token," is Freeway’s native utility token. Freeway, formerly known as AuBit, is a new digital asset management and staking platform that promises some of the industry's greatest annual percentage yield (APY) incentives. Stocks, gold, and cryptocurrency are just a few of the top worldwide investment goods that users can access through Freeway.
The biggest APY on the platform can be received by buying and staking Superchargers. These are simulations of popular fiat and crypto assets. For example, there's the Bitcoin Supercharger, the USD Supercharger, or even the Gold Supercharger.
The Freeway platform provides unique perks to the FWT coin holders. This includes increasing bonuses or lowering platform costs. Users may earn rewards by purchasing Freeway Items, but they can also optimize these benefits over the long term by holding FWT.
You can view the current Freeway Token price on the FWT price chart above.
Use Cases of FWT Tokens
The Freeway Token (FWT) acts as a catalyst for raising incentives, attracting more users, and so increasing payouts even further.
The main use case of Freeway coins is staking. By staking, users can participate in various incentive programs, and gain access to Giveaway Rewards, as well as annual percentage yield (APY) advantages offered by Supercharger products. Also, by staking, users contribute to the future Proof-of-Fidelity protocol. The protocol will be used to promote institutional adoption. Lastly, staking is necessary for custodians if they seek to provide custody.
Besides that, FWT tokens are used to cover platform fees. Users who cover fees with FWT can get a discount.
Considering investing in Freeway crypto assets? Don't forget to check the Freeway Token price chart before making any decisions. The chart features the movements in the FWT price.
Who Founded AuBit Freeway?
Sadie Hutton, Mark Kearns, and Graham Doggart are the founding members of AuBit which rebranded to Freeway at the start of 2022. Prior to AuBit, Hutton had launched another company called Market Digital. While working as the COO of Market Digital, she also was the director of strategic operations at Dynamic Abundance. Doggart has also worked at Dynamic Abundance as the director of strategic business development. He is currently the co-CEO of AuBit Freeway. There’s no information available on Kearns.
Tokenomics of FWT
FWT has a max supply of 10 billion tokens. The biggest share (21%) was allotted to the locked Proof-of-Stake (PoS) rewards pool. Also, 18% of the supply was used for the private presale. Moreover, team members and partners received an equal 10% portion of the supply and the same amount was reserved for the treasury as well. Furthermore, early investors got an 8% share while the same amount was also granted to ecosystem partners and expansion efforts. The remaining 15% was distributed to the seed sale (6%), advisors (4%), community incentives (3%), and floating liquidity (2%).
The fixed supply of FWT means that the token might become more scarce in the future, as no more than that amount of tokens will ever be minted. This might reflect positively on the Freeway token price in the long run.
