An altcoin that is under the radar - grassroots movement happening

[saaachu]

Hey everyone,

I wanted to bring this altcoin to your attention and it is strange it hasn't taken off yet. I was recently made aware of it from a Steemit.com post (I hate Steemit, but cool people do post there).

https://steemit.com/introduceyourself/@enric/im-enric-duran-from-robbing-banks-to-take-over-a-cryptocurrency-my-revolutionary-struggle-now-im-here

Faircoin - www.fair-coin.org
Where to get it: bittrex is selling it at 0.02 cents right now.
You can also get it at getfaircoin.net - but I don't recommend this, their official rate is 0.05cents.
Marketcap: ~1 million
Total number of coins: 52.5 million - and it will never increase.

Has global presence: https://use.fair-coin.org/
Has several wallets including mobile ones.

Has an amazing story: http://www.vice.com/video/daily-vice-robin-bank-enric-duran
Number of people using the currency (as an actual currency): ~5000 people and growing.

So here's the basic gist of it:

Initially the coin was pre-mined and distributed all over the world via airdrop. I believe the founder kept 250,000 coins for himself. The coin eventually went nowhere in price (because it was given out for free), but it touched several continents.

https://fair-coin.org/download/airdrop.pdf

Then in 2014, Enric Duran (who started an activist organization known as the CIC) took over the coin. So now the coin has about 4 - 5000 loyal users of the coin. The organization specifically for the coin I believe is Faircoop. And if you dig deeper, you'll see that Faircoop is partnered with a lot of companies that help with remittance.

For example: https://chip-chap.com is partnered with Fairtoearth and Faircoop.

Fairtoearth is partnered with Halcash which operates 5000-10000 ATM machines all over Spain.

They are still actively developing the coin and obviously waiting for the perfect storm before launching their new proof of cooperation blockchain "Faircoin2" in September of this year (I think?).

Anyone else have more information about this coin?

(Some more research I've been able to do)
After reading their whitepaper, I think Proof of Cooperation does seem like a good way to bring the coin to the mass public. It helps remittance and the human involvement doesn't take away from the decentralization aspect of it, in fact it helps make the coin much more decentralized.

A big issue with crypto right now is that while it is anonymous, it is prone to theft. With proof of cooperation, I believe they aim to solve the problem of theft and safety for the average Joe owning it. They are building local nodes in various locations around the world to handle remittance and help spread adoption of the coin.

Warm regards,
Samantha

[smartaction]

Hello Samantha,

Im Enric Duran. Thanks for supporting us.

You can get more information and updates on the official bitcointalk thread here: https://bitcointalk.org/index.php?topic=702675.3000

And you can follow the Faircoop website, here: http://www.fair.coop  with information about many of the resources.
and active contents here http://fair.coop/socialnetwork
You can also join us in the yet, more active discussion groups on telegram, pm for that.

FairCoop is the open worldwide cooperative created for taking over faircoin and develop it to become a tool useful for grasroot social movements around the world
specially supporting alternative economy initiatives.

That is an open participatory process anyone can participate in decisions, create a local node with other collegues, do tasks...

Follow specially the just created freedom coop ( http://freedomcoop.eu , who manages a European cooperative society, with the same expansion strategy that has been succesful in CIC since 6 years ago (cooperativa.cat )

The growing community of faircoin has not been taking so much the value of faircoin, because most of the participants not care about personal profits, but
 they are interested in the political vision. So most of the buys are connected with the real economy, which not happens with many other altcoins.


keep in touch!

[saaachu]

Thanks! I appreciate the response! I'm looking forward to reading more of your posts on Steemit.