FRY 3.0 & Migration

Convert legacy tokens to FRY 3.0.

Why FRY 3.0

Two token generations taught hard lessons. FRY 1.0's 8-billion supply on a 70-year unlock schedule created chronic sell pressure, and its ASA lacked freeze/clawback so stolen tokens were unrecoverable. FRY 2.0 fixed the safety rails (2B supply, freeze/clawback enabled) but split the economy across four tokens — and after FIP-016 consolidated all miners into FEM, four tokens for one miner type became pure friction. FRY 3.0 (3612979527) unifies everything: 6 billion max supply, one token for miner rewards, DAO governance, dApp fees, and project revenue — with no registration stake required to mine.

Key design numbers (from the whitepaper)
Max supply
6,000,000,000 FRY, decimals 6, Algorand ASA
Emission
5,000,000 FRY/week starting emission, decaying 15% annually
Perpetual pool
Decay converges to ~1.73B emitted of the 2.7B mining pool — it never depletes

Weekly emissions are split among all online, healthy, registered FEM devices (Network-Responsive Emission) — fewer devices means higher per-device rewards, so early adopters earn the most. Optional verification staking of FRY 3.0/USDC LP tokens raises a device's multiplier: 1× with no stake, 1.5× with a 24-hour-lock stake, 3× with a 6-month-lock stake (amounts and tiers DAO-governable).

Conversion ratios
FromASARatio
FRY 2.024853149461 : 1
fNODE24852020241 : 1
tFRY26815219011 : 1
fVPN24851987451 : 1
FRY 1.0 (legacy)80 : 1
How migration works
  1. Snapshot. A blockchain snapshot of every wallet's legacy balances is taken on the day FIP-017 concludes (contingent on it passing). Only balances at the snapshot block are convertible — tokens bought afterward are not.
  2. Claim. Once the conversion contract and migration interface are live, connect your wallet, review your snapshot balances, and initiate conversion. The contract verifies against the snapshot and takes the legacy tokens out of circulation.
  3. Vest. Converted FRY 3.0 vests linearly over 12 months from launch — 1/12th per month, same clock for everyone. Claiming late doesn't extend vesting: you receive the already-vested portion immediately.
  4. Deadline. The claim window is 12 months from launch; unclaimed conversion tokens then transfer to the DAO treasury.
Claim your pending rewards
Ecosystem rewards (tFRY, fNODE) that are unclaimed at snapshot time are permanently nullified. Only tokens already in wallets count. If you have pending rewards on the dashboard, claim them.
Timing
Migration infrastructure and mechanics are as published in the whitepaper; migration windows are announced via official channels — the DAO, Discord, and frynetworks.com.