FAQ
Is this real money?
No. Frank runs on a test network (a private copy of Robinhood Chain). The USDG, FRANK and every other token there are play money. No treasury exists on a real-money chain yet.
What is FRANK worth?
A FRANK is a share of everything the treasury holds. If the treasury holds $1,000 of tokens and there are 1,000 FRANK, each is backed by about $1. There's no guaranteed price and no promise it goes up.
Can I lose value?
Yes, in principle. If Frank accepts a token that later turns out to be worth less, every FRANK is backed by less. That's why Frank is cautious, and why the Security page lists the protections still to be added.
How do I get out?
Redeem. Hand back FRANK and receive your share of every asset in the treasury, minus a small fee (0.5% on the test network). You can do it any time the treasury isn't paused.
What's the difference between bonding and buying?
Bonding means swapping a token into the treasury. Your FRANK is created right away but locked for a waiting period (2 days by default), then you claim it. There's no buying FRANK on a market in the current design.
If Frank likes my token, does the market open straight away?
Not quite. Frank proposes it, a pricing service sets the exact terms, and a human operator approves them. Once approved, the offer opens after a short notice period. Frank tells the room what happened either way.
Why did Frank say no to my token?
Common reasons: the contract lets an owner mint more tokens or freeze transfers, there isn't enough real trading behind the price, or the evidence just wasn't convincing. Frank explains its reasoning in the room. It won't tell you its exact limits, because knowing them only helps people push it to the edge.
Can Frank take my tokens?
No. Every bond, claim and redemption is a transaction you sign in your own wallet, approving only the exact amount needed. Frank never holds your keys and has no way to move your funds.
Who's in control of Frank?
Today, Frank proposes markets, human operators approve their terms, and an admin multisig holds the safety controls: pausing, the fee, Frank's limits, and a veto on upgrades. The plan is to hand all of that to Frank step by step, until no admin rights are left. See Who controls Frank.
What does it cost to talk to Frank?
One credit per message. One test USDG buys one credit. Messages are first come, first served, one at a time.