In August 2017 we've launched
MFCoin (Litecoin clone) — the cryptocurrency of
Freeland (it's a platform for serving virtual states, offline social networks with financial mechanisms). We decided not to launch ICO, because the main idea was to collect the knowledge and solutions, and then move forward step-by-step. Having no media-campaigns yet and no social support in three months we've got
the following results:
- 18000 of wallets
- 6700 non-zero wallets
- 39000 transactions
MFCoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. MFCoin is an open source, global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their own finances. Powered by insight is an open-source Bitcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by bitcoin RPC.
Here are some paragraphs from
White Paper:
ConceptOur main idea is to create our own virtual jurisdiction with brand-new society and modern management tools, an extra-territorial state model called Freeland. Change of the existing state systems is only possible if a new form of an e-agreement is introduced for everyone, the so-called Public Agreement which was technically impossible to implement before. Today we offer you a chance to join the launch of a virtual jurisdiction outside the bounds of existing jurisdictions but with the prospect of interaction with them on the basis of certain agreements. In a contemporary world, a choice of a homeland is a conscious choice of a human being, not an adoption of an old-school feudal model, where a state is a major taxman and provides services based thereon, mostly of a very poor quality. Basically, government in the future will only play a role of a service company whose work should satisfy its citizens and, therefore, consumers. The whole notion of homeland will be pure loyalty to the brand.
What is Freeland?The virtual state of Freeland is the same state as any other existing one, whether recognized or not. The global difference is that it is organized on a newly-discovered territory: in the infosphere. There is no logical reason to deny that this territory exists. There is no reason to deny that social and economic relations between people can technically be built in it according to different rules than ever before.
Freeland's ManifestoThe modus operandi of most jurisdictions today is in a state of harsh crisis or even stagnation. Change is unlikely since all those systems are too rigid. However, the world around us is changing rapidly. Our idea is as simple: to create our own virtual jurisdiction with a totally new society and up-to-date means of management and control. In the long run, we could even get rid of this stagnant system throughout the whole planet and create a new one called Freeland.
The aforementioned idea has been occupying the minds of the best sophists for centuries but was technically chimerical. Any jurisdiction is run by the most ancient and inefficient tool ever – people. The only operating link between them is absolute subordination which entails corruption and crisis. Nowadays, the total failure of such a system has proven itself: most innovative technological solutions in all branches of activity are being generated outside of state control (EVs, drones, alternate network protocols, blockchain technology, crypto-currency, car-sharing, crowdfunding, social networks, just to mention a few).
Change is only possible if a new form of e-agreement is introduced for everyone, the so-called Public Agreement. The idea of such a treaty has been floating around for a while, however, it was technically impossible to implement it before. We are creating a virtual jurisdiction outside the bounds of existing jurisdictions but with the prospect of possible interaction with them. Therefore, in due course we will have to change the status of the virtual jurisdiction so it becomes a territorial one in the framework of the current international law.
About MFCProtection mechanism: Proof-of-Work + bounty programs.
Hashing algorithm: scrypt.
The time of extraction of a new block: 5 minutes.
Reward for the new found block: 50 MFC.
Elimination of reward for the found block: every 400.000 blocks.
Pre-mining: 10.000.000 MFC (the budget for programmers & IT-specialists and bounty campaigns).
Total number of coins: 50.000.000 MFC.
The first mined block:
mined Aug 3, 2017 4:49:54 AMFor today we've finished from scratch a huge list of our own software:
- our own pool for the users with very users friendly interface and design;
- Freeland's multichain (made from scratch) — the mechanism for writing the data, docs, pics, etc.;
- Freeland citizenship registration (based on Freeland's multichain);
- Freeland voting system (based on Freeland's multichain);
- Web-wallet, paper-wallet, etc.
We'd like to ask the community what you think about it? Could you make any constructive proposal? Insight is still in development, so be sure to report any bugs and provide feedback for improvement!
P.S. / who is Mr. Freeman: The main public person of Freeland is
Mr. Freeman. Mr. Freeman is an animated and digital entity which created the whole Freeland project and specified all the basic notions of Freedom in the modern digital world, both internal and social (external). Freeman’s audience features almost 20 million beholders all over the world who can think and create. His influence on the modern culture is hard to underestimate or deny. During an opening ceremony of Banksy’s park Dismaland in London Freeman was on display on all the screens as a symbol of pure and absolute digital freedom.
