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Farad is an ultra-capacitors (high power density energy storage device) manufacturer.
FRD is an Ethereum-based ERC20 token backed by the production of the supra-mentioned ultra-capacitors in Farad's China-based factory. Farad linked their digital tokens to real-life economic production. The FRD represents the right to the contract 'manufacturing and sales agency agreement' to produce Ultra-Capacitor Cells (“UCC”) with an output of 1,600,000,000 mF over a period of 36 months. Each FRD is equivalent to 1 mili-Faraday (“mF”) that each cell for ultra-capacitor will generate.
Genesis Date: 2017-02-08