| Fully Diluted Valuation | $2.08M |
|---|---|
| 24H Trading Volume | $1 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 0.00 |
| Total Supply | 100.00M |
| Max Supply | ∞ |
| Categories | DEAD 2 more |
|---|---|
| Founder | Jorge Timón and Mark Friedenbach |
| Website | freico.in |
| Socials | 1 more |
| Explorer | Sicanet |
| Name | Pair | OG Score |
|---|
Freicoin is a peer-to-peer digital currency designed to improve how money works in our economy. It uses the basic technology behind Bitcoin but adds a unique feature: a demurrage fee.
What Makes Freicoin Different
Freicoin includes a demurrage fee, which means that people holding Freicoin will have to pay a small fee regularly. This fee helps keep the currency moving and prevents it from just sitting idle. Unlike Bitcoin, which can become a hoarded asset, Freicoin is intended to be used actively in transactions.
No Interest, No Problem
Freicoin removes the basic interest rate that traditional currencies have. This basic interest, known as the liquidity premium, often causes economic problems like boom and bust cycles. By eliminating this interest, Freicoin aims to make the economy more stable and less driven by short-term gains.
Promoting Sustainable Investments
Without basic interest, Freicoin encourages investments that focus on the long term. Businesses and individuals are more likely to invest in sustainable projects because Freicoin treats present and future value equally, avoiding the pitfalls of inflationary or deflationary currencies.
Stable and Functional
The demurrage fee helps keep Freicoin circulating at a steady rate. This ensures that Freicoin doesn’t suffer from inflation or deflation, making it a reliable medium of exchange and store of value.
Conclusion
Freicoin is a new digital currency that aims to create a fairer and more stable economic system. Its unique features, including the demurrage fee and lack of basic interest, set it apart from traditional and other digital currencies.
Freicoin is unique for its inclusion of a demurrage fee, which encourages active use and circulation of the currency while eliminating basic interest. This design promotes economic stability and sustainable investments by preventing hoarding and reducing boom/bust cycles.
Freicoin was inspired by the ideas of economist Silvio Gesell and built on the blockchain technology introduced by Satoshi Nakamoto, though specific individual founders are not widely publicized.
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