Introduction
Hi dears, another interesting project is being started. First of all, for who missed the previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly. All this racket of cryptocurrency has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of blockchain technology. The blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
For this reason, the project I am going to present you is Freedom Coin, a blockchain-based hybrid project in which decentralized technology is supported by centralized products.
Video Presentation
Definition
As I said before, Freedom Coin (TFC) (https://www.freedom-coin.io/) is a hybrid project in which decentralized technology is supported by centralized products. In this way, the centralized products are governed by the Masternode Holders that are part of the decentralized network.
With the idea of generating TFCs on continuous bases, this project allows any individual to own a part of a master node or a complete node. Being the owner of a shared or complete master node entitles the owner to receive monthly BTC payments for network support and a vote on the future of the products and the development of the project. In addition, ICO participants who buy Shared or Complete Nodes will immediately start generating more TFCs producing an instant return on investment!
Goals
The main objective of the Freedom Coin team is to convert TFC into the chosen HODL currency to provide the cryptographic community with a suitable currency to transact, govern by the main TFC titles and join a TFC rewards system.
To make it possible, the team creates a property of a product in the form of TFC Masternode, a provision of product owners, Masternode Holders continuously, a provision of Value Added Products Services (Value Added Products Services, VAPS) diversifies the exposure of Masternode holders to opportunities and sources of income. In addition, it can also be accessed through the TFC platform that allows a real-time view of Masternode and security titles through the Blockchain Governance Protocol that allows Masternode holders to vote on the proposals.
Benefits
The most important advantages that Freedom Coin has in difference from Hedge funds are described in the following table:
| Freedom Coin | Hedge Fund |
|---|---|
| Pay Monthly Returns | Pay Biannual or Annual Returns |
| 0% Incentive fee | 20% Incentive fee |
| 60% Managed by Traders and Ai Trading Bots 40% Managed by the Community through a decentralized voting system | 100% Managed by Hedge Fund Manager |
| You can use as a payment method | It can not be used as payment method |
| You can invest in anything by the voting system | You can invest in any decision made by the hedge fund manager |
| TFC will never borrow money | Hedge funds often use borrowed money to amplify their returns |
| 0% Asset Management Commission | 2% Asset Management Fee |
| Coins, shared nodes and nodes Teachers can be sold at any time | Hedge funds typically require investors to lock up money for a period of years |
| 24 hours of total transparency | Wait for reports to be published every two years or every year |
| Master nodes generate additional rewards in currencies, thus generating a higher ROI | Does not generate more shares in the Hedge Fund |
Roadmap
| Date | Events |
|---|---|
| April 2018 | Genesis block |
| May 2018 | Pre-sale of the master node in 1BTC |
| June 2018 | Launch of the TFC portal The first proposals will be implemented First payment of the support fee of the master node network |
| July 2018 | Start-up of the cryptographic bridge Trader agreements Second payment of the support fee of the master node network Monthly update of the master node holders |
| August 2018 | Payment of the support fee of the network of the third master node Monthly update of the master node holders |
| September 2018 | Payment of the support fee for the network of the fourth master node |
| October 2018 | Fifth report of the cryptographic fund |
| November 2018 | Apple and Android mobile wallets |
Airdrop
The project gives the opportunity to earn Freedom Coin (TFC) performing some social media tasks and doing simple steps from the bounty program explained into this Bitcointalk Platform. Here (https://bitcointalk.org/index.php?topic=4459198) you can access the link in order to see what are the conditions to become an early TFC contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (http://www.freedom-coin.io/White-Paper.pdf). You can also stay tuned in their official Telegram group (http://t.me/thefreedomcoin), in their Twitter Web page(https://twitter.com/Freedom_Coin_) or in their Facebook Web page(https://www.facebook.com/thefreedomcoin/). I hope you liked the post and soon I'll send you new ones.
Extra details
Token: TFC
Platform: X11
Type: X11
PreICO price: 1 TFC = 0.0003 BTC
Price in ICO: 1 TFC = 0.00045 BTC
Tokens for sale: 6,656,250
Author Details
Email: [email protected]
BountyHive username: atlethic
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
Nice review!
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