We are happy to introduce a new cryptocurrency and a very promising investment.
Frictionless Coin (FLC)
FLC is a 100% PoS (Proof-of-Stake) currency based on the NEX code. FrictionlessCoin is a fork of NEX code.
Coins are earned solely by charging transaction fees. The total amount of
FLC in circulation will 100,000,000
FLC.
One of the main revolutionary aspect of
FLC is the 100% fair distribution, possible through a short and fair IPO of
14 days. Every interested investor could send any amount of BTC to the following BTC address:
129YoGArgyp7eFi9wbXPtUq7BccS8EABhz https://blockchain.info/address/129YoGArgyp7eFi9wbXPtUq7BccS8EABhz Do not forget to send me a pm!!!End of the IPO 02/02/2014 00:00 (UTC)The amount of
FLC what an investor will receive is calculated according to the following formula:
FLC = amount of FLC an investor will receive
n = number of the transaction of the investment in 1KGXyc1h2d1ymXv9wmHNvucqkgkYugSaz2
N = total number of investments
c_BTC = amount of invested BTC
FLC_tot = total amount of FLC 100,000,000
As an example the formula above under the assumption that every investor send 1BTC:
Source Code can be found here:
https://github.com/FrictionlessCoin/All technical questions regarding to the source code can be answered by FrictionlessCoin. He will receive 5% of the IPO. Thanks for the development of his NEX coin and the release of the source code.
https://bitcointalk.org/index.php?action=profile;u=127521Special thanks go to the great NXTcoin team for there outstanding development.
NXT GiveawayAs a tribute and a support to the NXT project, we are proud to announce a giveaway of
5,000NXT for the first 100 NXTusers. Posting your wallet in this topic and receive 50 NXT
Giveaway status:
https://bitcointalk.org/index.php?topic=423538.msg4626802#msg4626802
Technical detailsFLC supports the following features:
-
Decentralized Alias System / DNS - Complete Register names and assign them to URIs. URIs can be anything from web addresses to FLC account numbers. These aliases will be tradeable in the near future.
-
Basic DDoS Protection - Complete-
Decentralized Asset Exchange / Colored Coins - Done, but not yet implemented.
This allows gateways to issue assets on the FLC network. These assets can include cryptocurrencies (BTC, LTC, etc), fiat currencies (USD, EUR, RMB, etc), stocks and other assets.
-
Transparent Mining -
Complete.
Transactions are encrypted. Only PoS block generator can decrypt transactions.
-
Arbitrary Messaging -
Complete. Implementation on block 40,000.-
Instant Transactions - Requires peer review
-
Decentralized Marketplace / Auction - In progress
Buy or sell goods/services in a distributed manner. All listings are broadcast to all nodes on the network in P2P fashion.
-
Distributed Storage - In progress
-
Multi-signatures - In progress
-
Blockchain Shrinking - In progress
-
Two-phase Payments - In progress
Software supported escrow transactions
-
Voting System - In progress
-
Reputation System - Will be implemented after Voting System
Account trust rating system.
-
Decentralized Mixing Service - Concept not ready - Cryptographers please contact core dev team members
-
Distributed Computing - Concept not ready
-
Smart Contracts - Concept not ready
-
Hardware Wallets - Conceptual Stage - Java smart card developers please contact core dev team members
-
Advanced DDoS Protection: Project Kharon - Conceptual Stage - Neural net programmers please contact core dev team members
Development thread and forum can be found here:https://bitcointalk.org/index.php?topic=398461.0
We are looking for developers:- FLC logo contest. Post your proposal in this topic. The best design will be rewarded with 4% of the IPO fund.
- We need a project website, reward: 10% of the IPO
- project video, reward 6% of the IPO
The IPO- 1. c***n 0.1 BTC
- 2. t***8 0.05 BTC
