Chinese Name: FRCoin
English Name: FRCoin
Time: 2018-02
Total number: 88 million (about the number of Swiss Air Defense holes)
Abbreviated: FRC
Algorithm: scrypt
FRCoin, born in February 2018, was born in Switzerland with the financial empire. In the center of the European continent, Switzerland was the main trade road at that time. The demand for trade stimulated the emergence and prosperity of the banks. In eighteenth Century, many Swiss people ran to neighbouring countries as mercenaries, and these mercenaries would send their income back to Switzerland. More and more money, but the Swiss countries were small, and the investment projects were small, so bankers began to invest the money abroad and abroad, that is to say, the Swiss finance industry was internationalized at a very early time.
Switzerland has a very developed financial industry. There are more than 600 banks and 5070 branches in Switzerland. The total capital of the bank is up to $about 500000000000, and the amount of tax accounts for 20% of the state’s tax. Switzerland’s assets and investment account for the first place in the world, so the “financial empire” is named after that.
Swiss capital occupies an important position in international finance. It is not only a short and medium term capital allocation center, but also a long-term capital market. Switzerland is also one of the world’s gold trading centers. 30% of the gold needed by the EEC is provided through the Swiss market. Half of the world’s gold output is sold throughout the world through Swiss banks. Switzerland is also one of the world’s foreign exchange clearing centers and an important international capital accumulation and turnover station. It handles daily payments of $124 billion and foreign exchange business. The stable political situation, the lower inflation rate, the perfect financial system and the famous “bank secrecy” system have great attraction to the flow of international cash, thus making Switzerland the fourth largest international financial center in the world after Britain, Japan and the United States.
Switzerland has introduced the bank secrecy law, which is extremely strict in secrecy. Switzerland can become a financial power. It is based on its congenital advantage and the differential competition strategy of the future. It is the policy that the customer’s interests are supreme and the customer is secrecy. Switzerland has made a different and very competitive. Some countries in the European Union have asked Switzerland to provide bank information for their own people, and the Swiss refused, at the price of refusing to allow Switzerland to invest in their country. You know, Switzerland concentrates about 75% of global personal assets.
Under such circumstances, FRCoin came into being in Switzerland. With the development and circulation of FRCoin as the center, every corner of the world has been radiated. Although FRCoin has only been online for several months, many well-known local brand stores in Switzerland have already supported consumers’ payment and settlement with FRCoin.
Its development in the industry has no small progress, in the value of the financial industry, it does have a real value, at least from the point of view, it is a rare virtual currency.
First, the encryption system of FRCoin is a point to point distributed network currency system, which is both practical and collectors.
And, FRCoin can trade anywhere in the world at any time and anywhere, with low transaction costs, faster transaction confirmation time, and higher network transaction capacity and efficiency.
Second, FRCoin now has a complete industrial chain and sufficient liquidity to prove that it is a mature, safe and stable commercial financial system. Compared with bitcoin’s encrypted currency system, FRCoin has faster transaction confirmation time and higher network transaction capacity and efficiency.
Third, FRCoin is based on scrypt algorithm. There is no central control node. It is a global payment network. The FRCoin digital money system is a free software project that follows the MIT/X11 protocol. It allows users to run, modify and copy the software according to their needs. FRCoin source code is completely open, and users can operate, modify and copy the software according to their personal needs. If you want, you can even release the revised version of the software! The binary version and the corresponding source code can be independently verified by users.
Fourth, FRCoin makes the network system fully protect the property safety of every user with strict cryptographic protocols. At the same time, FRCoin uses block chain technology, which has the characteristics of centralization, anonymity, global circulation and low transaction fees.
Fifth, with the continuous development of FRCoin, more and more billionaires invest FRCoin as a risk averse currency. This is because FRCoin is essentially the same as precious metals, and has the characteristics of high value and limited quantity. FRCoin “miners” currently produce 2.8 FRCoin per data block. Every 4 years, the amount of money produced by FRCoin will be reduced by half. The total amount of money produced by its network will be 4.19 times that of bitcoin, or 88 million FRC.
What is worth mentioning is that FRCoin can effectively evade the global financial crisis and the currency depreciation risk caused by World War.
Why do you say that? Because first of all, money is a kind of safe haven currency. The so-called risk avoidance is the risk of currency devaluation. The Swiss franc is a typical representative of the safe haven currency, and Switzerland is politically permanent neutrality, and the second FRCoin value is stable because of its strong Swiss bank behind it. So the exchange rate of the Swiss franc is generally not influenced by politics, war and market volatility, and devaluation is a recognized hedge currency as a safe haven.
Media Contact
Company Name: FRCoin, Inc.
Contact Person: Eay
Email: Send Email
Country: Switzerland
Website: https://www.frcoin.ch/