PROJECT RESEARCH DOSSIER

Project: FrostyFi / FROST  
Research status: Pre-TGE / Pre-raise  
Research date: 30 September 2026

1. PROJECT OVERVIEW

Documented facts: FrostyFi is a Web3-native visual workflow-automation platform for AI agents and blockchain. It provides a chat workspace (models via OpenRouter), drag-and-drop builder (LLM, HTTP, condition, code, EVM, Solana, Vault, loop, integration nodes), deployable agents (A2A + ERC-8004 identity), x402 USDC micropayments on Base, MCP integration, and Frosty Engine for scheduled/webhook workflows. Subscriptions paid in USDC on Base (Free / Pro $25 / Enterprise $99) via FrostySubscription; tiers read on-chain.

Problem addressed: Combining AI workflow automation with native blockchain operations, micropayments, and on-chain agent identity in a no-code/low-code setting without users managing provider keys or exposing private keys (ThirdWeb Vault).

How it works: Users build workflows visually or via chat, deploy as agents that charge per-call USDC (x402), register on-chain identity, and execute multi-chain operations. Revenue splits on-chain.

Intended users: Builders seeking no-code AI+API chaining; Web3 developers needing on-chain multi-chain steps; agent developers wanting paid A2A agents with ERC-8004 identity.

Live vs planned:  
Live:** MVP at app.frostylabs.ai. On Base: revenue splitter, subscription V2, 48-hour timelock — deployed and source-verified; payments route share to POL reserve.  
Planned:** Token contracts (FROST, emission ledger, PERMA lock, USDC bonds), FrostyG4 model, self-host. Token launches when founder judges product/security ready (no fixed date).

2. PRE-TGE / PRE-RAISE VERIFICATION

| Item | Status | Classification | Primary source |
|------|--------|----------------|----------------|
| TGE | Not occurred; TBA | VERIFIED FACT | https://docs.frostylabs.ai/docs/tokenomics |
| Token on public market | Not launched | VERIFIED FACT | Same + roadmap |
| Public sale / ICO | None | PROJECT CLAIM (“no presale, no auction”) | https://docs.frostylabs.ai/docs/roadmap |
| Presale | None | PROJECT CLAIM | Same |
| VC / investor round | None | PROJECT CLAIM (“no VC, no insider round”) | Same + tokenomics |
| Pre-mine / nothing at launch | Supply starts at zero | PROJECT CLAIM | https://docs.frostylabs.ai/docs/tokenomics |
| Team allocation at TGE | None pre-minted; 10% co-mint on redemptions only | PROJECT CLAIM | Same |
| Pre-launch investor allocations | None disclosed | PROJECT CLAIM / residual UNKNOWN | Docs |

Exact language: “$FROST is earned by paying customers — no presale, no VC, no insider round”; “No presale, no pre-mine, nothing at launch — the dev earns a disclosed 10%, minted only as paying customers earn theirs, on the exact same claim terms as every customer.”

3. TOKENOMICS

No fixed/max supply. Supply is allowance-bounded (on-chain mintAllowance per minting contract, publicly readable). Tokens mint only on claim after vesting. Supply begins at zero. Only paying subscribers earn FROST (payment converted at live bond price into vesting position; governance dial hard-capped at 200% of payment). Free tier earns nothing. Developer: 10% co-mint on every redemption (hard-capped at 20%). Bonds (post-launch): USDC/WETH/Uniswap V3 LP → ~7-day vesting FROST, debt-priced, circuit-breakered; principal to treasury/POL. Locking: FROST → soulbound PERMA (1 week–4 years); vote weight = amount × remaining time; earn USDC revenue share weekly (never FROST). Burns: FROST spent on FrostyG4/Architect/priority is 100% burned. Revenue split on-chain (live). Governance: OpenZeppelin Governor on PERMA; currently signaling-first under operator multisig + 48h timelock.

FDV cannot currently be observed because there is no live market price.

4. UNLOCK + DILUTION RISK

Applies: usage-based/revenue-linked emissions (granted against payments, vested, minted on claim); allowance-bounded minting; 10% developer co-mint; ~7-day bond vesting. No cliff team unlocks or large pre-allocated linear vesting of insider tokens (none pre-mined).

10% co-mint example: User issuance = 10,000,000 FROST → Developer co-mint = 1,000,000 FROST → Total new issuance = 11,000,000 FROST. Developer receives ~9.09% of newly minted supply (1M / 11M).

Cliff = large date-based tranche; linear vesting = continuous pre-allocated release; usage-based = minting tied to payments/claims; allowance-bounded = per-module ceilings. FROST uses the latter two plus co-mint. Dilution occurs only with real activity; magnitude depends on future usage (unknown). Governance dials introduce parametric risk within bytecode caps.

5. TOKEN SUPPLY SCENARIOS

Hypothetical illustrations of the documented 10% co-mint only (pure user redemptions; ignore other sources). Not forecasts.

| Scenario (hyp. user issuance) | Dev co-mint (10%) | Total new supply | Dev % of new |
|-------------------------------|-------------------|------------------|--------------|
| 1M                            | 0.1M              | 1.1M             | ~9.09%       |
| 10M                           | 1M                | 11M              | ~9.09%       |
| 50M                           | 5M                | 55M              | ~9.09%       |
| 100M                          | 10M               | 110M             | ~9.09%       |

Supported by official tokenomics.

6. TEAM VERIFICATION

Verified: GitHub org FrostyLabsAi (https://github.com/FrostyLabsAi); public repos include landing, x402/ERC-8004 forks, FrostyFlow issue tracker (core repos private). Founder/Lead: frosty720 (https://github.com/frosty720) — public KalyChain contributions, FrostyLabs founder. Official site/docs and source-verified Base contracts.

Marketing / unverified: Detailed prior experience beyond public GitHub; team size/other identities; legal entity details; secondary “18 months building” claims.

7. TECHNICAL / GOVERNANCE / EXECUTION RISKS

| Risk | Mechanism → consequence → evidence |
|------|-------------------------------------|
| Smart-contract | Custom splitter/subscription + future emission/lock/bond contracts. Bug could lock funds or enable unauthorized mints. Live contracts source-verified; full token suite still in build phase. https://docs.frostylabs.ai/docs/pol |
| Admin-key / centralization | Operator multisig + 48h timelock controls fund/mint contracts; governance signaling-first. Parameter changes possible after delay; capture risk while distribution thin. Explicitly disclosed. https://docs.frostylabs.ai/docs/tokenomics |
| Emission / minting | Allowance-bounded + 10% (up to 20%) co-mint + dials. Higher dilution if usage/dials rise; still activity- and allowance-bounded. Tokenomics. |
| Liquidity | Pre-launch POL = USDC reserve; post-launch depends on reserve + ongoing buys + bonds. Thin initial market possible. POL docs. |
| Adoption / revenue | Emissions and POL require paying customers. Low usage → low emissions/thin POL. |
| Execution | Sole-operator appearance; private core repos. Delivery risk on token contracts/audits/control migration. GitHub + roadmap. |
| Dependency | OpenRouter, ThirdWeb Vault, Base, Uniswap V3. Upstream issues affect product. |
| Regulatory | USDC subscriptions + future utility/governance token. Classification uncertainty. Not addressed in docs. |

No formal third-party audits of the full token system located in primary sources.

8. WHAT IS UNKNOWN

Exact TGE date; final circulating/fully-diluted supply; live market price/FDV; concrete mintAllowance numbers and exact vesting days in production; current POL USDC reserve balance; independent audits of emission/lock/bond contracts; full legal entity/additional team identities; future governance changes or control-migration timeline; real paid-subscriber metrics/revenue.

9. OVERALL RESEARCH CONCLUSION

Established: Live MVP with on-chain USDC subscriptions and revenue splitter on Base; primary documentation of no-presale, no-VC, zero-start-supply, usage-linked emissions with 10% co-mint and POL path; source-verified current contracts.

Uncertain: Future usage driving emissions/POL; production token-contract security; precise allowances; TGE timing; decentralization pace.

Main tokenomics concern: Activity-dependent dilution including permanent 10% (up to 20%) co-mint; no fixed hard cap outside allowances.  
Main technical concern: Token-generation/vesting/lock/bond contracts not yet launched; current admin control persists.  
Main execution concern: Dependence on continued adoption and sole-operator delivery of remaining stack/audits.

Monitor before TGE: Production contract addresses and any audits; live POL balance; on-chain mintAllowances; co-mint/reward dial changes; paying-subscriber traction; control-migration steps.

10. DISCLOSURE

Disclosure: I have no position in FROST and have received no compensation or incentive from FrostyFi for this research.

PRIMARY SOURCES

Docs home: https://docs.frostylabs.ai/  
Tokenomics: https://docs.frostylabs.ai/docs/tokenomics  
POL / contracts: https://docs.frostylabs.ai/docs/pol  
Roadmap: https://docs.frostylabs.ai/docs/roadmap  
Introduction: https://docs.frostylabs.ai/docs/introduction  
Website: https://frostylabs.ai/  
App: https://app.frostylabs.ai  
GitHub org: https://github.com/FrostyLabsAi  
Founder GitHub: https://github.com/frosty720  
Base contracts:  
  POL Reserve: https://basescan.org/address/0xad75685B9F297aab468b584bC2E084D7677E58cB  
  Revenue Splitter: https://basescan.org/address/0x5663213c20dd4d62E6f69ec240FE2f4e88B4dFd6#code  
  Subscriptions V2: https://basescan.org/address/0x60A94c4632bcb56fF89813fe57Af63ef5084C215#code