What is Freedom. Jobs. Business. crypto project & its native FJB coin?

Highlights

• Tokenomics is gaining traction, led by Ethereum’s token ETH, the second-largest crypto
• The FJB coin is native to Freedom. Jobs. Business. It claims “job creation” using blockchain technology
• The token has a relatively low market cap, but its price and trading volume have lately gained

The term ‘tokenomics’ has become popular. It combines tokens, which are essentially not fiat currency but can sometimes be used as a medium of exchange, and economics. Understanding how the ETH token works in Ethereum’s ecosystem can be one way to decode tokenomics. But there seems to be more.

Crypto tokens, also referred to as altcoins, may have become an investment asset, though most experts warn of the underlying risks. Tokens are linked to a particular project, which may be working to make video streaming decentralized or using blockchain in games (play-to-earn).

One project is claiming to have an ecosystem that can decentralize data storage and further job creation. Let’s know more.

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What is the ‘Freedom. Jobs. Business.’ project?

The limited information available on CoinMarketCap and the official website of the project indicates it is working to provide blockchain services with respect to data storage. The project is boasting of open, immutable ledger services, which are “censorship-resistant”.

Also read: WAVES, LEO & PAXG: 3 cryptos trading in green on YTD basis

What, however, appears more interesting is the FJB crypto project’s job creation claim. It indicates that in a decentralized landscape, jobs can be created once people start using the FJB token in the purchase and sale of different goods and services.

The project states it is envisioning a “decentralized economy”, but how this becomes true will become clear only with time. The project also highlights how tokenomics can be used to make transfers quicker by doing away with intermediaries like a bank.

FJB coin

The FJB coin is the native token of the ‘Freedom. Jobs. Business.’ project, which it says can enable payments within the ecosystem. The project is depicting it as a digital asset that can transcend boundaries and can be “more secure than cash”.

The FJB coin is said to be trading on exchanges like PancakeSwap and XT.COM.

Also read: Golem Network (GLM) crypto’s trade volume rises on Coinbase listing

FJB coin price

As of writing, the FJB token had a market cap of nearly US$20 million, making it a small cap crypto. On the CoinMarketCap website, the FJB token does not rank among the top 3,000 cryptos.

Both the trading volume and price of the FJB coin were in the green. It had gained over the past 24 hours, and the price was nearly US$0.001 as of writing. It is notable that FJB was trading at over US$0.003 at the start of this year and the price has mostly manifested a downward trend so far.

Data provided by CoinMarketCap.com

Also read: What is Galeon crypto project & its native token?

Bottom line

The FJB crypto project does not seem to have an offering that can distinguish it much from others. The tokenomics of the project appears similar to others where a native token serves as a medium of exchange in a particular ecosystem.

How Freedom. Jobs. Business. delivers on promises like job creation, with its “less prone to fraud” feature, will be tested with time. For now, it’s a fairly low cap crypto.

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