Yes I have heard about it,  and I think most of the people do know about it. FirstCoin is a special project with an exchange rate protection and eco-sharing program, which is planned to coordinate the sharing economy and crowdfunding, greatly supporting startups.
Obviously, the creation of FirstCoin was inspired by the success of Bitcoin. The basics are the same; anonymous, free transactions, limited amount. There are 110 million FirstCoins available – so inflation does not affect it, similarly to its inspiring cryptocurrency.
The project has several divisions, let us discuss them now.
Eco-sharing
FirstCoin is also special because income is generated by ATMs and participating businesses – currently no other cryptocurrency offers anything similar. Income is also provided by sources related to the sharing economy. We are now talking about a sharing based economy, which ensures access to goods, instead of classic ownership.
Sharing economy means greater efficiency and sustainability, such innovative community solutions that can quickly transform industries even at a global scale – as seen with AirBnB and Uber.
ATM division
The first ATM capable of operating with FirstCoin is installed in the first half of 2017 – making it the third such cryptocurrency in the world.
Those who are just now getting familiar with the world of cryptocurrencies may find it strange that they can withdraw digital currency from a traditional ATM, but it really is not all that new.