ANN: Belgian eFrank (BFR)

[FrankDingenen]

We have been working on BeFrank (BFR), a Cryptonight variant. It is intended for Belgians and sympathizers.

So far we have  remained under the radar and put our own time and money into development of the coin. Politicians, authority figures and regular citizens are very receptive to the concept.

Our website is online, which is all still premature, but can be visited on getfrank.be.
The core concepts have been drafted in a manifesto.

The total money supply is 100 billion BFR with 2 decimals. 10% has been reserved for founders and philanthropy, another 10% has been reserved as fund for the state to use for welfare and a future for the millennial generation, as well as market making and some price stability.

Linux, Mac OS X and Windows version in alpha stage both CLI and GUI.

Block height now: >50000
New block every 120 secs
10 block validation window
CryptoNight algorithm
Mining pool: http://eat-sleep-mine.com/befrank/

Contact: frank@getfrank.be
Website: www.getfrank.be

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[accide]

hello!
mining pool is not working now?

[FrankDingenen]

100 billion??       with that supli is dead

Only 2 decimals. Thus 10 000 000 000 000 units
100 000 000 satoshi = 1 BTC
21 000 000 BTC
=> 2 100 000 000 000 000 units

[FrankDingenen]

hello!
mining pool is not working now?

It should be, but more pools are welcome for resilience

[Judderz16]

Great concept, time to get on this early

[jc12345]

100 billion is way too much. There will be no suitable market to match this apart from maybe a doge market.

[cleder]

20% premine? no shit
really??
really?
really??











fuck this shit

[FrankDingenen]

20% premine? no shit
really??
really?
really??











fuck this shit

From the manifesto:

We will reserve 10% of all funds to provide for social welfare and market making, especially for the millennial generation.
All under democratic governance.
10% allocated as founders compensation for investing our time, own money and reputation, which we already use for philanthropy.
https://opencollective.com/befrank => 4K EUR Initial founder's investment, more will come.

[FrankDingenen]

100 billion is way too much. There will be no suitable market to match this apart from maybe a doge market.

It is always a magic number. Since there are only 2 decimals, it's actually less units than Bitcoin. The idea is to achieve some parity with the Belgian Frank which had denominations up to 10000 BEF, if I remember correctly.

[Brianna20487]

Be sure to work a lot if you end up at the end of developing this project. Good luck to your team!

[supperman1924]

I see this project has great development, although I've been late to invest, I would join in the bounty, I hope can still be followed
I will read more about it to understand clearly.

[Digital Galaxy]

Hello admin.
I don't understand what is this project? What idea? And why is it needed? How will you use blockchain and cryptocurrency?
Need more information.

[FrankDingenen]

Hello admin.
I don't understand what is this project? What idea? And why is it needed? How will you use blockchain and cryptocurrency?
Need more information.

http://docs.wixstatic.com/ugd/787997_07bb2a002b2b45aaace6675a82c2bbc2.pdf

It's a plan B for Belgium (but anyone is welcome). If you need more info, shoot away.

[lanhho1006]

No news updated

[FrankDingenen]

No news updated

http://fomo.befrank.site

more coming

[mgsubie]

The discord is active and the project is unbelievable theres currently twitter giveaways and charity runs going on, where is everyone on this? Great cryptonote coin

[papacabeza]

Hilarious, a coin for Belgians "and sympathizers."  I may be a sympathizer.   I'll come see y'all on Discord and see what's up.

Tot straks

[papacabeza]

Um, ok, so where is the Discord?

[Twinkledoe]

As I understand, you're not raising money thru ICO. Is that right? But, how are you going to continue the development? I hope this will not be a pump and dump because of the billions of supply. Also, do you have at least initial communication with belgian government institutions about this?

[FrankDingenen]

As I understand, you're not raising money thru ICO. Is that right? But, how are you going to continue the development? I hope this will not be a pump and dump because of the billions of supply. Also, do you have at least initial communication with belgian government institutions about this?

We are not raising any capital, instead we use our own funds and of course won't refuse any support from others. This has been a kind of hobby project that got out of hand is receiving more help from all over the world. Thus it is has become more professional.

There are only 2 digits after the comma, so even though it sounds like billions is a lot, the number of atomic units is actually lower than most.  It is an intentional choice to target a stable price where 50 BFR has the purchasing power of 1 beer. We are committed to prevent pump and dumps via many ways. Some will require our own funds, another is to prevent too early exchange listings, and finally to mainly distribute the coin in physical form via a physical airdrop. We will try to keep it stable at 50 BFR ~= 1 EUR, but time will tell.

Finally, we are meeting with several departments of the government and have good contacts. Cooperation is preferrable, but the genie is out of the bottle anyway. The people and the markets will decide.

Development had slowed down due to a series of unfortunate personal issues. But we are back on track, with more support than ever before.