Hello Fry Community!

We are pleased to announce the launch of the FRY 1.0 Conversion dApp on August 1, 2025, allowing eligible wallets from our December 1, 2024 snapshot (Algorand block #44866969) to convert their FRY 1.0 tokens into either FRY 2.0 or fNode with a straightforward vesting schedule.

Snapshot Eligibility 📅

Snapshot Date: December 1, 2024 (00:00 UTC)

✅ Eligible Wallets:

• Direct FRY 1.0 wallet holdings

• Locked FRY 1.0 (miner verification, Cometa Staking & Farming, Tinyman LP pools)

🚫 Excluded:

• FRY 1.0 withdrawn before snapshot

• FRY 1.0 received after snapshot date/time

Conversion Rates ⚖️

• FRY 2.0 (ASA ID: 2485314946) at 80:1
  (e.g., 80,000 FRY 1.0 = 1,000 FRY 2.0)

• fNode (ASA ID: 2485202024) at 40:1
  (e.g., 80,000 FRY 1.0 = 2,000 fNode)

Linear Vesting Schedule ⏳

• Vesting starts from August 1, 2025.

• The first month is available for withdrawal immediately after conversion.

• Unlock 1/12 monthly for 1 year total.

• Claim monthly, quarterly, or all at once, all at your convenience.

• The dApp closes after 1 year and 1 month; please ensure you complete your claims.

Conversion Steps 📲

• Submit all eligible FRY 1.0 tokens in one transaction.

• FRY 1.0 tokens are burned permanently upon submission.

• Easily track and claim your monthly vested tokens in-app.

If you have questions or need assistance, please reach out via Discord!

Happy converting!
The Fry Networks Team