Welcome to the Announcement Channel of FREE - the instant cryptopayment without fees
What is the idea?
Everybody knows Nano (former Railblocks) technologie. Its instant, free and had a big hype occuring and managed to make over 150x from its price before this awesome piece of technologie got found by the community.
The technologie is the leader of the development for payment methods -> it costs no money and its instant. Both of this effects are insanely important for a payment method. And have the chance to find mainstream adoption. (even Visa would safe a lot of money, or banks etc.)
So we have talked a lot about Nano. But this is not the ANN channel for Nano. We are the channel for the FREE coin.
Free is using the Nano codebase but solving the current problems of Nano - hence bringing it to the next level.
What are the Problems of Nano?
Due to no fees, there is no incentive or motivation for anyone to have a Node up. So Nano currently is pretty centralized and easy to manipulate. (someone remembers the time when bitgrail had issues with the node? (before it was hacked) / or when Mercatox had issues with the node and nobody could withdraw anything?)
-> this is worrysome and destroys the decentralized, safe and secure aspect of a cryptocurrency.
So how are we solving this?
We introduce a Masternode System. But not a typical 1:1 fork Masternode coin. Our Masternode System will use the positives of the Nano-technologie but improve it further.
When people keep Masternodes up to receive ROI - the network gets more decentralized and stable. And the coin will be able to always transfer instantly and without fees.
Yes it will still be WITHOUT any fees for transactions.
How do the Masternodes work without Fees and mining?
Masternodes will be basically like the Masternodes of other projects. You will have to hold 100.000 FREE coins to be eligible for a Masternode.
There will be NO mining for this coin - it will be a green economy coin.
Free will start with 10.000.000 Coins in circulation. But to generate a ROI and a motivation for people to have masternodes up it will have a inflation.
This inflation will decrease over time.
This allows FREE to be feeless and instant using the Nano technologie but also allows it to improve and have 30+ Masternodes online all the time for a safe and secure network.
Furthermore Masternodes will have a voting function - allowing a fair governance model for the project.
Coin: FREE
Supply: 10.000.000 (10 Million) starting with 100% inflation in the first month. And will be averaged down to around 10% annual inflation.
ALL of the inflation will be paid to Masternode holders of FREE.
To keep the project developing, the dev team will hold 2 Free masternodes for rewards.
This is NOT a dream. We are already heavily into the development of FREE. the testnet is already running and will be made public soon. The mainnet will be ready soon.
For a starting capital and to list instantly on exchanges (minimum 1 exchange is guaranteed with the mainnet launch) we will sell a low amount of masternodes.
Do not forget - this is not a mineable coin. The only way to generate more Free is by owning a Masternode. (replacing the distribution method of Nano)
The cost of a masternode (100.000 FREE - 1% of total supply) will only be 0.2 Btc for the first round. The price will increase by 0.1 Btc for every further round of the sale until a maximum of 98 Masternodes is sold. Every not sold coin will be burned.
This will only lead to a maximum Marketcap of around 20 Btc - 160.000$
Roadmap:
early May: publishing of Website + Ann design
late may: publishing full Github of testnet
early june: mainnet launch + exchange listing
late june: publishing our first 3 partners (you will be able to directly pay with Free there and more - already secured)
For every part of the Roadmap that is finished the next round of the sale starts. -> the price per masternode increases by 0.1Btc.
Why? Because we need to start already securing the exchange and the implementation with our partners. Early supporters will get a cheaper price - since they will support us to finish our goals on time. Later supporters will have still the chance to join (unless we are already sold out!) but will have to pay a more realistic/not early bird price already.
which other Masternode coin with new technology and finished Code launched with such a marketcap/price? right - none!
If you have any suggestions please let us know!
We are glad to help and talk about further improvements.
Ideas we played with: secured transactions with zk-snarks. but for now we had issues with the implementation of this in the xrb technologie and we do think it might harm the acceptance as a payment method if you can not follow the payments.
