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About Fractal ID
Key Points
- Fractal ID is a decentralized identity system for web3, offering a vertically integrated identity stack.
- Co-founded by Julian Leitloff and Júlio Santos in 2017.
- Fractal Protocol aims to define a new standard for the fair and open exchange of user information.
- FCL is a utility token that coordinates and connects parties around the Fractal Open Advertising Economy.
- Maximum supply of FCL is 465,000,000 coins.
- Circulation supply as of January 2022 is 16,595,270.91 $FCL.
- Fractal Network is secured by Polkadot blockchain
About Fractal ID: Unlocking Seamless Identity Verification
Introducing Fractal (FCL): A Revolutionary Cryptocurrency
Fractal ID is the pioneering, interoperable Decentralized Identity System for the web3 ecosystem. By adhering to stringent data and regulatory standards, including GDPR regulations, and facilitating seamless user verification through KYC, AML, and advanced human liveness checks, Fractal ID provides a comprehensive, vertically integrated identity stack that caters to diverse needs, universally. To further propel the widespread adoption of decentralized identity, Fractal ID is currently developing idOS – the foundational identity layer of web3.
The Visionaries Behind Fractal: Meet the Founders
Fractal ID was co-founded in 2017 by Julian Leitloff, who assumed the role of CEO, and Júlio Santos, who took on the position of CPO. That same year, the company secured its inaugural client, Ocean Protocol. The following year, Sovrin and XAIN were added to the roster of clients, with KILT Protocol joining the list in 2019.
Julian Leitloff, co-founder and managing director of Fractal, holds a master’s degree in Corporate Management & Economics from Zeppelin University, which he earned in 2014. Prior to Fractal, Leitloff successfully established his own company, Spontaneous Order GmbH, and achieved the remarkable feat of earning his first million by the age of 22. This accomplishment led to his recognition as one of Forbes’ 30 under 30 in 2016. Leitloff’s fascination with blockchain began in 2015, when he met Bruce Pon, the future head of Ocean Protocol, at Tech Open Air.
Júlio Santos is a multifaceted professional, assuming the roles of technical manager, software engineer, entrepreneur, and co-founder of Fractal, where he spearheads the Product and Engineering team. At the company, he is pioneering the development of an identity layer on the Internet, leveraging the Fractal Protocol. With a blockchain tenure dating back to 2015, Santos boasts a diverse entrepreneurial portfolio, having founded esteemed projects such as Life on Mars, an elite software consulting firm, Gruvi, a company renowned for crafting advanced productivity marketing tools for prominent clients like Twitter, Disney, Sony, and HBO, as well as Attmatr / Madmarkedet, a farm-to-table marketplace.
Unveiling the Unparalleled Fractal: A Revolutionary Force in the Cryptocurrency Realm
Fractal is an open-source protocol that facilitates the secure exchange of information by providing an infrastructure that prioritizes confidentiality, thereby enabling users to share their data securely and monetize it with confidence.
Fractal Protocol endeavours to establish a novel paradigm for the equitable and transparent exchange of user information. By pioneering a superior, high-calibre iteration of the open Internet, the Fractal developers address pressing market concerns, including:
- A duopolistic market landscape
- Unattributed expenditures in Ad-Tech
- Web traffic artificially inflated by bots
The project pioneers a paradigm shift towards a fair industry, introducing an incentive system predicated on a transparent and authoritative infrastructure. The developers strive to optimize success and yield the most favorable outcomes for users, publishers, and advertisers alike.
Furthermore, Fractal endeavors to elevate the caliber of user information by leveraging cutting-edge technologies and targeted strategies, thereby optimizing advertising campaign outcomes while ensuring a stringent level of user data privacy.
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What Is the Circulating Supply of Fractal (FCL) Coins?
FCL is the utility token of Fractal, serving as a linchpin that harmoniously connects and coordinates all stakeholders within the Fractal Open Advertising Economy. Notably, FCL does not yield any profits, nor does it confer voting or ownership privileges. Instead, it fuels the incentive mechanism that is ingeniously embedded within the protocol itself.
The FCL functionality guarantees a steady demand for tokens, thereby fostering the growth of the entire ecosystem. The ecosystem’s stakeholders, comprising users, advertisers, verifiers, insurers, and certifiers, are incentivized to participate through the following interests:
- Users increasingly shun low-quality content and intrusive advertisements, instead opting for free services and engaging content that prioritizes data privacy.
- Advertisers seek to negotiate profitable and secure agreements, minimizing losses while maximizing the efficiency of their advertising expenditures.
- Verifiers, comprising publishers and ad networks, strive to foster heightened user engagement, drive traffic growth, and boost ad revenue.
- Insurers rely on a thriving advertising market to optimize staking rewards and ensure a stable ecosystem.
- Certifiers, acting as intermediaries, aim to create added value for their customers while forging partnerships with new clients to develop sustainable business models.
As outlined in the project’s Whitepaper:
In a decentralized manner, users compensate attesters for their verification services.
Advertisers remit bid prices;
Advertisers stake their claims in Ad Escrow;
Verifiers participate in the staking process within the Arbitrage Escrow mechanism;
Insurers’ Stake in Arbitrage Escrow;
Attesters receive compensation for issuing credentials, thereby incentivizing their participation in the verification process.
The maximum supply of FCL that will ever be released to the market is capped at 465,000,000 coins. The distribution of $FCL is as follows:
A limited allocation of 5.3% has been reserved for our exclusive Pre-Sale event.
A 0.5% allocation to the Community Sale;
A 14.3% allocation to the Strategic Reserve and Liquidity Treasury;
Five point eight percent to the Founders;
Approximately 46.2% of the total allocation is dedicated to block rewards;
A 11.6% allocation to the Company;
A generous allocation of 16.3% is dedicated to Community Funds.
As of January 2022, the circulating supply stands at 16,595,270.91 $FCL, a testament to the token’s widespread adoption.
The Fractal Network’s Security Framework: A Robust Defense Mechanism
Fractal (FCL) has chosen to leverage the Polkadot blockchain, which offers a robust infrastructure for seamless connectivity and a comprehensive suite of tools to facilitate the deployment of its protocol.
Polkadot adopts a rigorous approach to security, which led to the development of Substrate, a sophisticated SDK for building Polkadot-compatible blockchains. At the core of Polkadot’s value proposition lies shared security, ensured by the economic security mechanism established through Relay Chain validators. Notably, these validators, staked on the Relay Chain, verify transactions from diverse parachains, thereby facilitating the secure and autonomous interaction of chains, all operating in accordance with uniform rules.
Polkadot provides a decentralized environment where networks can autonomously determine their own transaction fees, making scalability not only achievable but also economically viable. Furthermore, Polkadot prioritizes development expertise by investing in a comprehensive ecosystem of security tools, including Substrate and Cumulus.
Where to Acquire Fractal (FCL): A Comprehensive Guide
As of January 2022, Fractal (FCL) has successfully secured listings on a range of prominent cryptocurrency exchanges, including KuCoin, Uniswap (V2), Bitfinex, MEXC, and BKEX.
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