Re: [ANN] New Crypto Currency FRANKO [w/ OPENSOURCE FRK ATM!][NEW WEBSITE Design]

I'm putting the finishing touches on the Lucrii token and will be releasing the new white paper for it soon.

what is this and how does it affect Franko
I want to buy and trade Franko as think a very solid coin, the wallet and features are still better than 90% of coins out there for a cryptocoin
plus graphics, website, solidity of network

I must admit I am old school I like coins and fair release no premine, like franko, litecoin or coins with big goals for social chnage like maza
It's why have always followed Franko

but this token shit is beyond me, I keep hearing about loads getting lost easy and eth disappearing like lost gas lol

would you be able to explain what is next for Franko as clearly yobit is the worst exchange on planet

you are one of the best developers in the crypto space imo, most the others have gone running to jpmorgan coins, and the few other talented ones are commanding coins with huge marketcaps

you also talked of the openair exchnage

did you look at the bitsquare opensource github link i posted and idea for exp and franko

Everyone who currently owns frk will be able to swap their FRK for Lucrii.

A token is just a smart contract that stores and transfers value between accounts.

What makes the lucrii token unique is that its modular in design. If you go back and read the original FRK white paper, it hints of a future where there will be multiple types of "proofs" and up until smart contracts realizing that dream was cumbersome. Sure you can do smart contracts on FRK but EXP is designed for it, so its a better experience. Anyways, the idea is Lucrii is a token where users can extend the tokens functionality over time.

There will be a handful of "issuance modules" which are ways to extend the functionality of the token at launch. The standard token module, which is what it sounds like, it handles transfers. The token swap module, which handles minting new lucrii based on how many people burn the legacy frk. Which is at a rate of 10:1. People will have 90 days to burn their frk for lucrii. There will be a staking module in which people lock up their lucrii for a predetermined period of time and are rewarded for doing so and eventually a universal basic income module where people will earn lucrii unconditionally just for being verified borderless citizens.

I'll be launching the alpha version of this contract soon, and will be testing it for a month or so before releasing the final version.

Regarding openair exchanges, its always been a sort of dream to make because I don't know the legal ramifications and it would be a cool way to do OTC trades.

Thanks for detailed reply

will there only be the number of tokens in existence that there are currently frk?
or rather the number of frk that are burnt as i guess a chunk has bene lost over the years like on cryptsy, broken exhcnages, forgotten passwords etc
because there is actually very little franko in existence which is one of its appeals

plus how would people get universal basic income from holders who own say a set amount of franko, surely there wouldn't be a limitless supply?

you'll have to forgive me as only ever deal in old school coins, no premines, community driven ones, low caps, I think they are the essence of crypto and cypherpunks, unlike shit jpmorgan coins like zcash etc

so would people own Franko AND Lucrri tokens, by nature of owning Franko?

also what would set Lucrii apart from other erc2 or whatever theyre called tokens? would it be unique

thanks again
excited by your proposals as feel you're one of the best devs out there

If you own FRK, youll send it to an exodus address to mint new Lucrii.

The way the basic income will work is, people will create a borderless passport, and by some 3rd party identity verification system will become verified. They will then have a license to mint new tokens every month until they die. Because you are right, the problem with current UBI's is, who is going to pay for it? In this case, the inflationary mechanism pays for it. Bottom up economics. So new tokens are minted directly to the userbase just for being human. Call it Proof of Humanity if you will or something.