FREE Coin FREE to General Attention Currency XAC Exchange

Crypto Pair Details: FREE to XAC

FREE Coin FREE

The FREE (refers to FREEdom) coin facilitates everyone worldwide to participate in the wealth redistribution and creation that is going on thanks to the introduction of cryptocurrencies. The FREE coin is a bold and disruptive innovator with 3 main objectives : 1) Pave the way for the GLOBAL MASS USAGE of cryptocurrency. Our mission is to make cryptocurrency accessible to every interested person on earth. The FREE coin is the only cryptocurrency with sufficient supply to support worldwide usage of crypto. 2) Make cryptocurrency INCLUSIVE : allow also access to cryptocurrency profits to people with less financial means. Therefore we do the initial distribution at a low price. ​ 3) CREATE GLOBAL WEALTH by distributing a cryptocurrency that will increase very fast in value

General Attention Currency XAC

The 2016 economic report “On the Value of Virtual Currencies” commissioned by the Bank of Canada, found three contributing components dictating a cryptocurrency’s exchange rate: The actual use of virtual currency to execute real payments. The decision of forward-looking investors to buy virtual currency (thereby effectively regulating its supply). The elements that jointly drive future consumer adoption and merchant acceptance of virtual currency. XAC Attention Addresses Attention Addresses are linked to AMARK consumer data and have specific rules enforced by the XAC protocol. There are two key functions of attention addresses: XAC-LOCK XAC-Lock is a feature that encourages continued consumer engagement with AMARK. The XAC sent to Attention Addresses is initially locked and becomes available after a maturation period. The XAC attention awards paid to consumers continually matures into availability as new XAC is earned from ongoing attention marketing. This process encourages engagement with AMARK as attention wallets will rarely have a zero XAC balance, giving consumers a consistent flow of value to spend within the ecosystem. XAC-BURN XAC-Burn is enforced at the protocol level. All transfers to Attention Addresses require 5% of the XAC transferred to be burned. The XAC -Burn feature is designed to align interests between merchants and consumers in the AMARK ecosystem. Anytime merchants use the AMARK platform for marketing, they are supporting the value of the XAC currency as protocol rules enforces a 5% burn. As such, merchants are effectively scaling the supply of XAC to match the demand from the ecosystem. This supply-side scaling mechanism will offset new coins introduced through block rewards and pressure the price of XAC to an equilibrium reflective of demand from the ecosystem.

SOURCE: COINGECKO

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