| Introduction | [
"The currency of exchange (FreiCoin, FRC) is a point-to-point virtual currency, released on November 22, 2012, with a block time of 10 minutes and a total amount of money of 100 million. FRC innovation in the design idea, in order to strengthen the circulation of money, the introduction of the concept of hoarding tax. In other words, if you hold a coin for one year, you will be charged a 4.89% hoax tax on the next transaction, which will be paid by the miners. Another point is that FRC has a promotional fund that will automatically fund 80% of the first three years of mining. Funds are used to extend the commercial use of FRC and, if you have any good proposals, post in the forum and, once approved, funds are being injected into the proposal."
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