Quote from: vsniko on May 02, 2014, 06:28:24 PM

Why sha256? Make it x11.

Please check the details:

Q & A:

Q1: Is FH real or an alt-coin to seek money encirclement under the banner of public benefits?
A: In such a flighty society with a deluge of virtual coins, many evil-intentioned people conduct money encirclement in the name of public benefits and science and technology. It is inevitable that people may doubt the purpose of the issuance of FHF under such circumstance. The developing group and FHF will effectively implement the principles which guided the establishment of FHF and develop FH based on lots of investigation and feasibility analyses. In other words, the project can be only launched only after there are practicable operation procedures. This suggests that FHF is not a fraud or a game for money encirclement.

Q2: What is the organization structure of FH Foundation? Will it ensure its publicity and fairness?
A: FHF is made up of FH development team and prestigious people who are devoted to programs for public benefits. These people are responsible for the preliminary operation of the Foundation, including the liaison with relevant institutions in Ukraine, establishment of the release channel of the top news, technique support for the establishment of the payment system for the merchants in Ukraine, support for FHF financial ecological system, etc. The account of the Foundation will be transparent to the public, which can be checked on www.freehryvniafoundation.org
With the passage of time and continuous improvement of the project schedule, FHF will transfer its management right to the relevant organization in Ukraine at a proper time according to the state development of Ukraine. In this way, it will be beneficial to the timely scheduling and arrangement of FHF work. Of course, the development group will always provide the technique support.

Q3: Why did FH conduct IPO?
A: Considering the recent IPO coins, we could observe the life changes. IPO can make the technique advancement shared by more people. Of course, most of the IPOs are a groundless trick aimed at money encirclement. As the first generation of virtual coins, why did FH conduct IPO?
Firstly, the work of FH is not to be finished by just issuing virtual coins. Our aim is to establish a complete FH financial ecological environment, which requires the development team to make ceaseless breakthroughs to facilitate its practical functions in technique, such as the interface demands of the mobile operators, mart payment system and unique requirements of the mobile application operators. Therefore, IPO is a natural choice to ensure the required income source for the development team so as to maintain the technique development enthusiasm of the team. Remember, FH is a long-term project.
Besides, the establishment of FH financial ecological system should not just be paper talk. It is necessary to negotiate and cooperate with relevant large organizations in Ukraine. During the process, there will be capital consumption. Therefore, 40% of IPO is input in FHF to promote the successful establishment of FH ecological system.
Moreover, FHF need pay for the fees of the examination and approval of the aid projects and the activity expenses of setting up liaison points in Ukraine.