Freicoin and Wogl

in #friecoin6 years ago

What is freicoin? It is an old approach to a new money with a fascinating history that was attempted as a banking revolution in the 1930s as an answer to the depression. The monetary idea has been implemented in the 21st century via the block-chain.

Why is freicoin different or alternative? Unlike bitcoin which has rapidly become centralised with whales holding large portions of the holdings; Freicoin has anti-whale provisions baked into the protocol at the start. A small fee is charged to hold the currency, rather than paying interest this make it a negative interest currency. As a result of this small fee the incentive is to spend the money rather than hold it. As a result those who receive a large payment in friecoin are more likely to spend that than fiat.

This increases the number of people holding the coin who in turn spend more, thus increasing the adoption rate. It is worth a try.

http://freico.in/

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