[ANN] The FREE Coin, the first cryptocurrency for global cryptocurrency usage

[Danillo17]

FREEcoin is still new.
What news are coming?

[1550805865]

1550805865

[1550805865]

1550805865

[1550805865]

1550805865

[1550805865]

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[Dump3er]

We have a very high number of wallets in which FREE are locked (Ledger with 4 Trillion, several wallets with 350 Billion, 225 Billion, 50 Billion, smaller amounts + a very high number of low amount wallets to be used as paper wallets
Accusations will always be there, we have seen that from the start of our project, we stopped trying to convince everyone ...

OK so your coin has no real world utility and you're not disclosing the locked coin addresses to the general public. Why does it have to remain a secret? Seems awfully shady.

Ethereum can not be a universal currency if a major part of the world population starts using crypto : there are too few ETH so price of 1 ETH would become too high to be practical usuable if billions of people start doing crypto payments.(same for BTC)  ETH will remain the engine and fuel for those other coins.

Uh, you're suggesting that people have to own 1 full ETH in order to use it? They already have to own ETH in order to move FREE Coin! You can't shake your association with ETH because people will always need it to transact your token. There are so many holes in logic with your token, its absurd to the point of laughable.

You say you stopped trying to convince everyone. If you just publish the addresses that issue is going to be resolved, or at least the issue of those addresses being unknown. Perhaps you don't want them to be publicly known for mysterious reasons?

[cryptobenn]

We have a very high number of wallets in which FREE are locked (Ledger with 4 Trillion, several wallets with 350 Billion, 225 Billion, 50 Billion, smaller amounts + a very high number of low amount wallets to be used as paper wallets
Accusations will always be there, we have seen that from the start of our project, we stopped trying to convince everyone ...

OK so your coin has no real world utility and you're not disclosing the locked coin addresses to the general public. Why does it have to remain a secret? Seems awfully shady.

Ethereum can not be a universal currency if a major part of the world population starts using crypto : there are too few ETH so price of 1 ETH would become too high to be practical usuable if billions of people start doing crypto payments.(same for BTC)  ETH will remain the engine and fuel for those other coins.

Uh, you're suggesting that people have to own 1 full ETH in order to use it? They already have to own ETH in order to move FREE Coin! You can't shake your association with ETH because people will always need it to transact your token. There are so many holes in logic with your token, its absurd to the point of laughable.

You say you stopped trying to convince everyone. If you just publish the addresses that issue is going to be resolved, or at least the issue of those addresses being unknown. Perhaps you don't want them to be publicly known for mysterious reasons?

No, we do not give in to persons that try to blackmail us : In December coinclarity pubishes on their blog an article about us that we are "scam" (without checking facts with us or even warning us about the article), then 2 months later they start investigating if their is really something wrong with our coin. Would you still answer such persons ? For those who want to know our circulating supply, please check Coinmarketcap - they update in real time our circulating supply, they have full detail of all our wallets.

[CoinClarity]

No, we do not give in to persons that try to blackmail us : In December coinclarity pubishes on their blog an article about us that we are "scam" (without checking facts with us or even warning us about the article), then 2 months later they start investigating if their is really something wrong with our coin. Would you still answer such persons ? For those who want to know our circulating supply, please check Coinmarketcap - they update in real time our circulating supply, they have full detail of all our wallets.

Ben, we have nothing to do with your alleged blackmailers, and that has nothing to do with the fact that coins are moving in and out of your "locked" addresses. Furthermore we did communicate with your other team member before publishing the article, on your Telegram. You could read through it and find messages I wrote there before the article was published, unless you deleted them all already.

The reasons we think your coin is a scam are well outlined in our article:

https://coinclarity.com/spotting-a-scamcoin-free-coin/

Primarily, you're offering thousands-fold returns on your coin without going into detail why that would happen, which is a strategy used by Ponzi schemes to entice greedy people that can't help themselves into buying their coin. You have absolutely no plans for real-world use case scenarios and the one reason you give to people to buy your coin is "because it will go up in value." That's a scam.

[cryptobenn]

No, we do not give in to persons that try to blackmail us : In December coinclarity pubishes on their blog an article about us that we are "scam" (without checking facts with us or even warning us about the article), then 2 months later they start investigating if their is really something wrong with our coin. Would you still answer such persons ? For those who want to know our circulating supply, please check Coinmarketcap - they update in real time our circulating supply, they have full detail of all our wallets.

Ben, we have nothing to do with your alleged blackmailers, and that has nothing to do with the fact that coins are moving in and out of your "locked" addresses. Furthermore we did communicate with your other team member before publishing the article, on your Telegram. You could read through it and find messages I wrote there before the article was published, unless you deleted them all already.

The reasons we think your coin is a scam are well outlined in our article:

https://coinclarity.com/spotting-a-scamcoin-free-coin/

Primarily, you're offering thousands-fold returns on your coin without going into detail why that would happen, which is a strategy used by Ponzi schemes to entice greedy people that can't help themselves into buying their coin. You have absolutely no plans for real-world use case scenarios and the one reason you give to people to buy your coin is "because it will go up in value." That's a scam.

Our locked supply is in several wallets (1 Ledger with 4 trillion, 3 wallets with 350 Billion, 2 wallets with about 200 Billion, 1 wallet with 50 Billion, and a high number of (paper and online) wallets with smaller amounts). We had a lot of communication with Coinmarketcap about this, who wanted full clarity about all these wallets before they listed us. For our real circulating supply, see coinmarketcap who do update this in real-time.

That "other Team Member" (Aceboss) is NO team member of our project team. He is an external consultant, who was hired with the specific task to set up our different Telegram Groups and to increase our number of Twitter/facebook  followers. He has done good work on these tasks during about 2 months, and moved on to a new project. He has never been fully briefed about our real long term targets, and was as such not the correct person to explain this.

We position the FREE coin as the ideal starterscoin, to learn how to use wallets, exchanges, bots, ... Because of its low price it can be used without financial risks by novices. Via paypal we try to reach the complete starters, via the other exchanges we offered the FREE at the lowest cost possible on that exchange (and yes in BTC or ETH pairs this is more expensive that in USD,NXT,LTC,HTML,... pairs.

We will NOT release more than 4 Trillion coins, if the prices does not reach specific milestones. First milestone (0.000001 USD) has been reached as per CMC, but extra coins are not yet released (because not needed at this moment for the project) although we are allowed to release another 0.5 Trillion (see our whitepaper)

On Exchange Listings we did already spent more than 3 times the money that was collected by our sale of FREE coins (from the initial 4 trillion : 1,7 trillion were donated and 2.3 trillion were sold at prices between 0,01 and 0,4 gwei). Is that the typical approach of a scam ? we do not think so....

The "peaks" in coinmarketcap were not wanted neither caused by us : Coinmarketcap does not calculate a real weighted average price over all transactions, they calculate by excluding "outliers". Most of the time they exclude our high prices (FREE/BTC), but at those moments they excluded our low prices and as such overestimated our value. We are not responsable for this, we are also not happy with this because it confuses investors. So we did never manipulate the market contrary to your accusations. At this moment we are active on 22 Exchanges (with 31 pairs) so it should be clear that no one can manipulate the FREE coin sales unless you have access to enormous financial means.

And yes, technical speaken we are a "token", not a coin. But are we a scam because we call ourself a coin ? Then Binance Coin (BNB) is also a scam, because it is also a token on the ETH network. And 95 % of all coins are scams, because they are also tokens on the ETH or ETC blockchain ?

[nutildah]

And yes, technical speaken we are a "token", not a coin. But are we a scam because we call ourself a coin ? Then Binance Coin (BNB) is also a scam, because it is also a token on the ETH network. And 95 % of all coins are scams, because they are also tokens on the ETH or ETC blockchain ?

No, you're a scam because you're promising / suggesting your token will accrue insane returns without explaining why. As was mentioned in the post above, the only reason you give to people as to why they should buy your token is "because it will increase in value." Nobody ever said anything about you calling your token a coin the reason why you're a scam. You're a scam for a long laundry list of other reasons:

1. No team (sounds like its just you at this point)
2. No roadmap (outside of your huge price increase expectations)
3. No real ideas, much less innovation
4. You want to be a "universal currency" but ignore the fact that people already need ETH to transact your token.
5. You won't publish the addresses of your locked coins, and it would appear that coins are being moved from the one with 4 billion to exchanges.

On top of all of this, the token's price movements  can be characterized by a flurry of suckerings. you have your highest volume at low prices, and lowest volume at high prices. Everybody who buys in for more than 1 gwei always gets smashed. There's no reason this would ever change.

[josegines]

Everybody who buys in for more than 1 gwei always gets smashed. There's no reason this would ever change.

It's been a long time below 1 Gwei
https://www.hotbit.io/exchange?symbol=FREE_ETH

[nutildah]

Everybody who buys in for more than 1 gwei always gets smashed. There's no reason this would ever change.

It's been a long time below 1 Gwei
https://www.hotbit.io/exchange?symbol=FREE_ETH

Right, you just proved my point... The median ETH tx fee is currently 32,000 GWEI... this means somebody would need to send about 80,000 FREE in order to equal the gas cost for the transaction.

So Ben's model of their being enough FREE for each person on the planet to have 1,400 is bogus. Why send 1,000 of 1 coin when the cost is 80,000 to send it?

[Dump3er]

No, we do not give in to persons that try to blackmail us : In December coinclarity pubishes on their blog an article about us that we are "scam" (without checking facts with us or even warning us about the article), then 2 months later they start investigating if their is really something wrong with our coin. Would you still answer such persons ? For those who want to know our circulating supply, please check Coinmarketcap - they update in real time our circulating supply, they have full detail of all our wallets.

Ben, we have nothing to do with your alleged blackmailers, and that has nothing to do with the fact that coins are moving in and out of your "locked" addresses. Furthermore we did communicate with your other team member before publishing the article, on your Telegram. You could read through it and find messages I wrote there before the article was published, unless you deleted them all already.

The reasons we think your coin is a scam are well outlined in our article:

https://coinclarity.com/spotting-a-scamcoin-free-coin/

Primarily, you're offering thousands-fold returns on your coin without going into detail why that would happen, which is a strategy used by Ponzi schemes to entice greedy people that can't help themselves into buying their coin. You have absolutely no plans for real-world use case scenarios and the one reason you give to people to buy your coin is "because it will go up in value." That's a scam.

Our locked supply is in several wallets (1 Ledger with 4 trillion, 3 wallets with 350 Billion, 2 wallets with about 200 Billion, 1 wallet with 50 Billion, and a high number of (paper and online) wallets with smaller amounts). We had a lot of communication with Coinmarketcap about this, who wanted full clarity about all these wallets before they listed us. For our real circulating supply, see coinmarketcap who do update this in real-time.

That "other Team Member" (Aceboss) is NO team member of our project team. He is an external consultant, who was hired with the specific task to set up our different Telegram Groups and to increase our number of Twitter/facebook  followers. He has done good work on these tasks during about 2 months, and moved on to a new project. He has never been fully briefed about our real long term targets, and was as such not the correct person to explain this.

We position the FREE coin as the ideal starterscoin, to learn how to use wallets, exchanges, bots, ... Because of its low price it can be used without financial risks by novices. Via paypal we try to reach the complete starters, via the other exchanges we offered the FREE at the lowest cost possible on that exchange (and yes in BTC or ETH pairs this is more expensive that in USD,NXT,LTC,HTML,... pairs.

We will NOT release more than 4 Trillion coins, if the prices does not reach specific milestones. First milestone (0.000001 USD) has been reached as per CMC, but extra coins are not yet released (because not needed at this moment for the project) although we are allowed to release another 0.5 Trillion (see our whitepaper)

On Exchange Listings we did already spent more than 3 times the money that was collected by our sale of FREE coins (from the initial 4 trillion : 1,7 trillion were donated and 2.3 trillion were sold at prices between 0,01 and 0,4 gwei). Is that the typical approach of a scam ? we do not think so....

The "peaks" in coinmarketcap were not wanted neither caused by us : Coinmarketcap does not calculate a real weighted average price over all transactions, they calculate by excluding "outliers". Most of the time they exclude our high prices (FREE/BTC), but at those moments they excluded our low prices and as such overestimated our value. We are not responsable for this, we are also not happy with this because it confuses investors. So we did never manipulate the market contrary to your accusations. At this moment we are active on 22 Exchanges (with 31 pairs) so it should be clear that no one can manipulate the FREE coin sales unless you have access to enormous financial means.

And yes, technical speaken we are a "token", not a coin. But are we a scam because we call ourself a coin ? Then Binance Coin (BNB) is also a scam, because it is also a token on the ETH network. And 95 % of all coins are scams, because they are also tokens on the ETH or ETC blockchain ?

Could you please obtain a statement from coinmarketcap that they are fully away of all your mysteriously private locked wallets and that they will inform the public once you start moving those coins without public consent? Or publish the addresses.

[cryptobenn]

Could you please obtain a statement from coinmarketcap that they are fully away of all your mysteriously private locked wallets and that they will inform the public once you start moving those coins without public consent? Or publish the addresses.

Finally someone who asks it in a friendly way ...

OK, I did sent today a service request to coinmarketcap.com to receive from them the list of locked ETH accounts they use to calculate in real-time our circulating supply.

Take into account that a reply may take a number of days.

Once received, I will publish the answer of CMC in this topic.

[cryptobenn]

OK, I did the exercise of listing all our wallets with their most up to date balance (situation checked over the last 2 hours)

We have always stated that 4 trillion FREE coins are in circulation, and that 6 trillion FREE coins are still stored on the different wallets of the project team.

Also coinmarketcap confirms that only 4 Trillion FREE coins are in circulation : they calculate this real time. The current value that they calculate is 3.961 Trillion in circulation.
How does coinmarketcap calculate this :
1) they have a list of all our wallets, and they monitor all movements on these wallets
2) They start from the total supply of 10 trillion and then reduce the total number of FREE coins in our wallets (just over 6 Trillion) to come to a circulating supply of nearly 4 trillion.


I did the exercise of getting all the recent balances of all our wallets - you each time see the wallet address and the number of FREE coins (in billion) stored in that address.

0x5E49fDf3224db161671ca5445c6CdFf533833D30                     4293
0xdad3f160F858AC82dF8AF5DEAb03EB2b1A7e44d5                     0,724
0x7e7b9f644d13a45f5119ef4834a505f608948698                     350
0x8a3efbd50dd1796551ceb1836d39695823f8d152                     350
0xec7e4557d37d469f42f60d7c1996f7022a338a65                     350
0x17111165634194a31cdf7312f430225381b9830d                     249
0xb24a94E9225B026AdBC2Dd3B08a4D99D83f2C8dD                     50
0x1307b8d863E0cfc147AD0953613F98BbDF95be41                     70
0x91f18e873233554F098AA28dEa12aCb6e37fe61                     60
0x85fC404937cc106139EEE67839238d2DD1b20D3D                     50
0x4a4296b35117C6F1173e579a05C8919F0949D15b                     50
0x3c81FDB58998bcE6d9cA434e1A6FD3F81b26cf9d                     30
0x66Cd51defFd6A0ABb292f2a947641370e468D70b                     30
0x7Af98F995B1a64E26C73eb4802D8Af4b71f98825                     30
0x9BF09Ae8638014e187f256DC826d9677caC4819E                     10
0xd14603916F3e88147BF83f005dF8f097AC6541B5                     10
0xA00B664C06Cb4F5Ef5d18CD74E81D96B998a7063                     10
0x2Db9AF562c24B1788077b3d7482A8010B15E893d                     5
0xFF604abBCC87B5b9273B1200126152cfa96f7455                     2
0x8daD23a7D4980dCC5f35C7BE778c70eB426D58b7                     2
0x4D83Bb32298c11Ff87e13C04463ED485b049ef88                     1
0x99E199f253460bc9053A70758Ce96F2fC4Dd441A                     1
(wallets containing less that 1 Billion have not been included in this overview)

So the total number of FREE coins stored in our wallets is 6,003 Trillion FREE coin. (in fact a bit more, since we did not take into account our wallets containing less than 1 billion FREE coin)

This confirms what we have always stated. I hope this stops those people that keep suggesting that we have more coins in circulation that what we have reported.

[msdong]

Hi
Someone is buying all FREECOINS on tradex.one exchange??

FreeCoin Price on tradex.one: 0.0000000799 ETH look at Trade History :-)

https://www.tradex.one/?tokenSymbol=FREE

[cryptobenn]

Hi
Someone is buying all FREECOINS on tradex.one exchange??

FreeCoin Price on tradex.one: 0.0000000799 ETH look at Trade History :-)

https://www.tradex.one/?tokenSymbol=FREE

Hi,

some time ago we advised (for technical reasons with this distributed exchange) our user community to no longer trade FREE on Tradex . We also removed Tradex from our website.
As from then we have not been following how trading goes on that exchange ...

But indeed : looks as if someone is making a beautifull margin : buy cheap at tokenstore or hotbit or ... and sell 100x more expensive at tradex.one

[cryptobenn]

In our main telegram group we are currently running a POLL about the 6 Trillion FREE coins still controled by the project team.

Our proposal is that we deposit them all at a Notary, who will have full control of these coins.

This Notary will only release FREE coins to the project team, when the conditions for the release have been met (that is : when price levels as described in the whitepaper are realized).

We will respect the decision of our coinholders, poll is started now and will go on for 24 hours.

[nutildah]

You probably should because it will help keep you honest.

Just 5 days ago you moved coins from your 2nd biggest address to TokenStore:

https://etherscan.io/tx/0xd48733d9afaa6098db48b9c00811bb0b6bf1120ff4301568fef4eda5a80aef24

So they are not "locked" addresses if you are moving coins out of them.

Also, this will always look ridiculous no matter how you try to justify it:



First of all, the price of ETH at the end of 2018 was $132, not $950 as you predicted in your spreadsheet.

Your market cap prediction for FREE was very close, but you are predicting it will go up 20 fold (2,000%) by the end of 2019, without explaining _why_.

Furthermore, you are suggesting that FREE's market cap will be 8.3 TRILLION by 2025. This is approximately 8x bigger than Ethereum itself according to your price prediction of $8,300 by this year.

So I just have one last question: were you high on crack when you came up with these estimates, or are you trying to lure people into buying your token with absurdly high profits?