Freebit’s affordable smartphone expands its Web3 business with TONE Coin rewards and shareholder-only NFTs.

TONE coin introduction plan
Freebit Co., Ltd., which supplies smartphones at low prices, announced on the 8th that it plans to introduce a new point system ‘TONE Coin’ through the Tone Mobile brand.
This system rewards TONE coins to users who contribute to the operation of TONE Chain, an Ethereum-compatible layer 1 blockchain that runs on smartphones. It is scheduled to start on February 1, 2024.
By running a dedicated app in the background while charging the smartphone, users can contribute surplus resources (power, CPU, etc.) and earn TONE coins. “TONE Coins” are worth 100 yen per coin and can be used as monthly subscription fees for Tone Mobile.
However, this “real value exchange” is limited to covering service fees, and direct monetary exchange is not possible. Additionally, exchange rates may change in the future.
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TONE Chain’s Goals
With TONE Coin, Freebit aims to build the world’s largest “decentralized” blockchain community in an environmentally friendly manner.
“TONE Chain” is said to be the world’s first attempt to provide capped (staking) rewards on a mobile blockchain, and is said to be the world’s fourth largest in terms of number of nodes compared to “Filecoin,” a distributed file system. “.

Source: Freebit

In addition, Freebit is developing ‘TONE Labo’, a user cooperative empirical experiment project that supports Web3, Metaverse, and 5G era, and will provide Tone Mobile’s original terminal ‘TONE e22’ at a special price to participating customers. doing it
Additionally, in its announcement on the 8th, Freebit introduced a new shareholder return method that provides all shareholders with access to the TONE Chain and shareholder NFTs. As a result, in addition to traditional shareholder benefits, FreeBit shareholders will be able to use their smartphones to operate the “TONE Chain” and receive rewards in the virtual currency “TONE Coin”.
FreeBit aims to operate a decentralized and highly secure community in the spirit of Web3 and DAO, and is also making strategic investments in “TONE,” a Web3 and 5G lifestyle support business.
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