$frank whitepaper

Image from 14.11.2023

If I (Frank) should ever become a multimillionaire (+ 2.000.000 €) then I´ ll buyback every single (whole) FrankCoin for exactly 1 €.

Contract Address: 0xa06cfd7ae9dd7befb7bf8e5b8c5902c969182de0
Explorer: https://explorer.onegate.space/NEP17tokeninfo/0xa06cfd7ae9dd7befb7bf8e5b8c5902c969182de0

FrankCoin wallet address: 

1. NZDBFc8ccd61YdQJsg3b6yU5cJVUDwDtFg

2. NdFVemm6LjBMm2jpRv7ohimcC7mq5pHUVZ

12.03.2024

Total Supply: 770,748 (9,229,252 burned🔥)

Circulating Supply: 750,000 - 229,252 🔥 = 527,748 

Community Supply: 500,000 / 500,000 ALL DISTRIBUTED 💯

= 3000 $frank left (buyback)

Exchange Supply: 250,000 (50,00%) / 500,000

= 250,000 $frank for exchanges left

FrankCoin ($frank) is a meme cryptocurrency on the Neo blockchain, where trust and honesty are essential. 

• The total supply is 10.000.000 $frank
• Only 10% of the total supply (1.000.000 tokens) will circulate

5% (500.000 $frank) are distributed to the community (events, airdrops, giveaways, contests,...)

• After a full distribution, I´ll have to buyback $frank with a burning rate of 25% for our events.
• For example: With a 10,000 $frank buyback, 2500 $frank are burned forever

5% (500.000 $frank) are meant for exchange listings/liquidity pools

The other 90% (9.000.000 $frank) are currently reserved/locked for 2 years (Link) and will be burned after the lock period. 

EDIT: Burning happened 1st March 2024

• I initially created more FrankCoins in case of a "huge demand" at the start.
• If 1 $frank was above €1 shortly after launch (you never know what might happen in crypto), I could have "thrown" more $frank into the market to keep a stable price of 1€. Potential gains would have been used for the $frank events or exchange listings.

So, what is FrankCoin about? 

FrankCoin is aiming to become a great community coin with value and not one of these rugpull coins and fake cryptocurrencies. It´s a non profit token (for the creator), which is providing support for (Neo) newcomers, artists and everyone else who wants to take a look into the crypto space. We are showing different use cases for cryptocurrencies and through our recurrent events (quiz/games), we already have imparted a lot of knowledge about Neo and crypto in general. Possible gains are reinvested into community events. 

>> Although it´s a nonprofit token, the great goal of 1€/$frank still remains. It´s the nature of a cryptocurrency to grow.

FrankCoin wants to increase the exposure of the Neo blockchain and show newcomers a (crypto) world full of possibilities. Crypto is not a shady business but a space full of innovations.

Last edit: 12.03.2024