Details about Freicoin cryptocurrency
Freicoin
FRC
Unknown for now
2012-12-21
SHA-256
10
€69,223 ( 0%)
€232
100,000,000
114,195,686
1
Unknown
http://freico.in/
@Freicoin
17055800x
€10338.9
Freicoin price charts
FRC exchanges
Freicoin, the crypto
Freicoin (FRC) is a cryptocurrency that was created in 2012 by Mark Friedenbach. It is based on Bitcoin's code but with some differences, such as the demurrage fee that is taken out of each coin to promote spending and discourage hoarding.
The point
The main point of Freicoin (FRC) is to promote a stable and fair economy by discouraging hoarding and encouraging spending. This is done through the use of a demurrage fee, which is a small percentage of the value of each coin that is taken out over time. This helps to encourage people to spend their coins rather than hold on to them, which in turn promotes economic growth.
The problem
Freicoin (FRC) tries to solve the problem of economic instability caused by hoarding. When people hoard money, it can cause deflation and slow down economic growth. Freicoin's demurrage fee is designed to encourage spending and prevent this problem from occurring, promoting a more stable and fair economy.
Compare FRC and BTC performance
| Timeframe | FRC | BTC |
|---|---|---|
| 1h change | 0 % | -0.234911 % |
| 24h change | 0 % | 1.25967 % |
| 7 day change | -4.26 % | -1.44157 % |
| 14 day change | -6.98 % | -9.47799 % |
| 30 day change | -52.72 % | -7.33786 % |
| 200 day change | -42.6 % | 129.168 % |
| Year change | -59.23 % | 129.33 % |