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FreiExchange
Markets
AIQ/BTC 10.00%
0.45242083 0.00000010
ANC/BTC -4.83%
0.16580033 0.00016502
XWC/BTC -0.73%
0.08980908 0.00001780
DTC/BTC 0.00%
0.01726662 0.00000070
FRC/BTC -2.47%
0.01214871 0.00000081
XCN/BTC 0.00%
0.01091551 0.00000017
DOGE/BTC 5.13%
0.00525597 0.00000039
LTC/BTC 0.00%
0.00312780 0.01238999
ATB/BTC -4.52%
0.00264072 0.00000995
MOON/BTC 0.00%
0.00157478 0.00000001
QRK/BTC -24.24%
0.00151306 0.00000033
NYC/BTC 0.00%
0.00100000 0.00000001
WCH/BTC 0.00%
0.00049968 0.00010000
DGB/BTC 0.00%
0.00015618 0.00000594
BTI/BTC 0.00%
0.00006207 0.00000335
SLM/BTC 0.00%
0.00000000 0.00000200
LTB/BTC 0.00%
0.00000000 0.00002100
DVC/BTC 0.00%
0.00000000 0.00000001
AXE/BTC 0.00%
0.00000000 0.00001000
MZC/BTC 0.00%
0.00000000 0.00000007
HUM/BTC 0.00%
0.00000000 0.00000002
IXC/BTC 0.00%
0.00000000 0.00001676
AGC/BTC 0.00%
0.00000000 0.00000001
PPC/BTC 0.00%
0.00000000 0.00029000
SKC/BTC 0.00%
0.00000000 0.00000434
TOKC/BTC 0.00%
0.00000000 0.00000101
CHAN/BTC 0.00%
0.00000000 0.00000120
SDR/BTC 0.00%
0.00000000 0.00000900
BTB/BTC 0.00%
0.00000000 0.00164000
DIME/BTC 0.00%
0.00000000 0.00000001
SUPP/BTC 0.00%
0.00000000 0.00000251
ILC/BTC 0.00%
0.00000000 0.00000790
CAP/BTC 0.00%
0.00000000 0.00000000
RDD/BTC 0.00%
0.00000000 0.00000076
MANNA/BTC 0.00%
0.00000000 0.00000050
CDT/BTC 0.00%
0.00000000 0.00000025
MRN/BTC 0.00%
0.00000000 0.00000005
Public Channels
Foundation Coins Overview

The Freicoin Foundation was conceived to help create a world where commonplace non-usurious complementary currencies inspired by the works of Silvio Gesell are brought into being through economic development, charitable action, and the support of global commons and which engender perpetual prosperity through sustainable development.

The Freicoin Foundation will issue 80% of the total initial Freicoins through several issuance mechanisms that are safe from potential corruption from the Foundation management team itself. One of those mechanisms is to match Freicoin donations to non-profit organizations and other projects listed on their site (see link below). The foundation will also periodically give away some Freicoins to those organizations in proportion to how much they have received in donations from the community at large. Help decide how the Foundation's funds are going to be used by donating to your preferred non-profit organizations and projects on the donations section. The foundation will increase the amount of FRC you donate by 10%. If you're a non-profit organization or part of a project that fits the goals of the Freicoin Foundation (described in the first paragraph of this page), register on their site and list your organization on the donations section. Start receiving Freicoin donations as well as newly issued Freicoins.

Freicoin is a p2p currency based on Bitcoin and Silvio Gesell's Freigeld. After the first 3 years, October 2016, the total monetary base of 100 million FRC was generated. Although mining was necessary for security, it consumes real world resources and it was not necessary to issue 100% of the total initial monetary base through only mining. It was decided that 80% of the issuance would be put into the Foundation to prevent the wasteful issuance directly to miners (that maximizes the costs of production to minimize seigniorage) and to experiment with new issuance mechanisms. 20% was paid to the miners. Today, the monetary base remains stable and the 5% demurrage is distributed p2p. The initial goal was for the Foundation to distribute the 80 million FRC before 2016. As with many new technologies, the evolution of cryptocurrencies was not predicable. Most the foundation funds have yet to be distributed.

The adjacent pie chart indicates, in real time, the proportion of Freicoins to be distributed by the Foundation (see also the http://freicoin.info/chain/Freicoin/q/circulatingfrc for amount of circulating currency).

The decisions as to where to spend the funds requires YOUR involvement! The original 3-year timeframe was a compromise between the foundation as a tool to bootstrap the currency and the need of an eventual removal of the issuance role of the foundation for the currency to become purely p2p. A new timeline for the issuance of Foundation funds will be decided by Freicoin users. Once all Foundation funds are spent, the annual 5% demurrage will go in full to miners if no alternative has been found. The challenge is to design schemes in which the Foundation doesn't have much control over the final issuance decisions while at the same time ensure transparency and that funds aren't issued against the Foundation's (the community’s) principles. If a fully p2p issuance mechanism alternative to mining is found, a mechanism (for example, proof-of-stake voting) could be established to determine how much goes to security (miners) and how much to the alternative.

More information here : https://foundation.freicoin.org/