Fahrenheit is a highly awaited project from an experienced team who have been part of multiple successful projects in the past. The core team members have been active in the crypto industry since 2015 and have gained a lot of experience along the way. They worked with multiple businesses throughout the crypto industry and have some great business networks.
Their vision is to build a chain that can support higher volumes with a comparatively lower gas fee than the existing chains. They aim to support DeFi and other financial applications and want to emerge as a prominent scaling solution.
Also, they will have a launchpad on their platform which would only contain some hand-picked, quality projects. Another offering on their platform is a Dex which will have a very small transaction fee. The fees will be used to support the liquidity providers, marketing operations, buybacks, and burns.
They are currently busy developing sustainable algorithms for their staking DApp that would reward the HODLers in a sustainable yet highly rewarding way. They also plan to integrate NFT implications within their ecosystem, the NFTs would be soon available to investors and would be tradable on their marketplace.
The network would be supported by validators and the team plans to only allow trusted validators after a thorough screening process. They will soon build their cross-chain bridge to allow users to bring funds from the BSC chain and other chains.
There is a lot going on behind the scenes at the moment. Be it marketing or partnerships, the team is highly active and is working with key stakeholders before they make some big announcements. Also, they are working on an important CEX listing, and would soon be available after the launch.
For more details and regular updates, you can tune in to their socials. The links are as follows: