FRST (FirstCoin) Project Overview
FRST, also known as FirstCoin, was a hybrid cryptocurrency based on the Scrypt algorithm that combined Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms, operating on an independent blockchain.The project’s original vision was to create a community-driven digital currency designed to connect and support emerging startups. Its founder is GYORGY PERESZTEGI (also known as George Peresztegi Nagy).
Current Status and Risk Warning
As of July 2026, the FirstCoin project appears to be inactive or abandoned. Its original official websitefirstcoinproject.comis no longer under the project team’s control and has been repurposed for other uses. This situation indicates that the project’s ecosystem has ceased to be maintained and developed.
FRST’s market performance also reflects its current status. According to information from multiple data platforms, FRST’s 24-hour trading volume is extremely low—showing as $0 on most platforms—and its market capitalization is generally listed as $0 or “no data” (CoinMarketCap previously displayed a self-reported market capitalization of $5,688.93).Its price has fallen nearly 100% from its all-time high of $19.98 reached on October 27, 2017,and is currently hovering at extremely low levels (for example, Coinbase shows approximately $0.0001823, while CoinMarketCap shows approximately $0.00057771).Given the project’s lack of activity, depleted liquidity, and massive price decline, FRST is currently widely regarded by the market as a high-risk asset.
Technical Features and Historical Vision
During the project’s active phase, the FRST crypto platform promoted technical features such as exchange rate protection, anonymous transactions, and low transaction fees.In addition, the FirstCoin project team had planned to participate in green environmental projects through the “ECO Sharing Program” and announced the launch of large-scale green projects in Malaysia and Romania, with the aim of driving the token’s value and ecosystem development through real-world applications.
Token Economics
- Total Supply: 110,000,000 FRST
- Circulating Supply: Approximately 31,207,528 FRST (Some data sources show 0 FRST, which further reflects the lack of market activity)
Market Performance and Trading Activity
FRST’s all-time high was $19.98, reached on October 27, 2017. However, since then, its price has experienced a prolonged and significant decline. Currently, trading activity for FRST has virtually stalled, and liquidity is extremely poor.Although historical data can be found on platforms such as Coinbase, CoinMarketCap, and Blockspot.io, given the project’s current status and extremely low trading volume, trading or acquiring FRST through conventional channels at this time involves extremely high risks and practical difficulties. Investors must verify the actual listing status and liquidity of FRST on any trading platform themselves before considering any related actions.
