Quote from: famnet on March 01, 2022, 10:50:40 AM

Website • Swap to FAM • Get a Family Name • Block explorer • Book • Telegram Group

Today, we are very proud to announce Family to the world on this legendary forum.

Family is a new sovereign crypto platform. Crypto has done some great things in the financial sphere, but it has failed at everything else. Family will change that.

The current crypto paradigm is too broken to produce viable alternatives for the "Big Tech" Internet platforms we all use. Web 3.0 promised us it would deliver. But in reality it's worse than Web 2.0 in almost every way. It's less secure, less private, less performant, less usable, and despite the mantra of "decentralization" there are more trusted 3rd parties. Web 3.0 doesn't have a few small problems here and there. It's fundamentally broken. It cannot be fixed. A new paradigm is needed and that's what we're doing.

We depart from the broken orthodoxy in a major way at several layers like: consensus, UX model, ledger design and governance. We had to start from zero and reimagine everything about crypto as we know it. We don't depend on any other crypto platforms, infrastructure or even code. Everything from the ledger/blockchain to the app layer has been built from scratch. Our design will likely be controversial - but for all the right reasons. It's simply better.

We wrote a short book explaining the rationale for everything we're doing. "Family. Our future in cyberspace" (https://joinfamily.xyz/book), despite the obvious homage, tries not to talk too much about our project specifically. Even if you couldn't care less about Family the platform, you should read Family the book! The problems we discuss and the discoveries we've made affect everybody in crypto. We foresee that sooner or later, you'll be seeing many projects adopt our model. It's a game changer.

We don't talk all that much about implementation details. But when you understand the ideas, the implementation will become fairly self-evident - the reverse would not have been true.

Some things may be a little confusing and that's understandable. But in about two weeks, a technical preview of Family OS - our client app - will begin rolling out to early adopters. Stay tuned. For now you'll have to put up with the fog of war.

You can already acquire Family Coins - our crypto currency - and Family Names - our unique user identifiers. https://joinfamily.xyz/swap

Main advantages of the Family model:
- high throughput without the usual security tradeoffs
- no fees (for most users) and instant transactions
- rich applications without security downsides of smartcontracts
- fewer potentially malicious trusted 3rd parties in the ecosystem
- no unnecessary fragmentation of the ecosystem, coherent UX model
- leadership/dev continuity ensured at the protocol level
- sustainable financing model
- built for sovereignty, greatest possible resistance to potential external adversaries (immoral governments, tech giants etc)

Basic info about the cryptocurrency component: (SWAP HERE)
- Name - Family Coins | Ticker - FAM
- Supply cap - 200,000,000 Family Coins (FAM)
- Fees - zero fees for most users
- Confirmation time - virtually instant transactions
- Starting circulating supply - 50,000,000 FAM
- 30,000,000 FAM in the early adopter pool (starting price @ $0.05/FAM, final price @ $0.45/FAM, more info in the book book )
- 20,000,000 FAM will go towards Family Rewards (and misc expenses)
- The cybercorporation will vest the remaining 150,000,000 over a very long time (explained in the book)
- Curve: secp256k1 (may support many curves and algos in the future)
- Family Coins are dual use - they're both a currency and a token of ownership/governance (refer to the book)

Coins from the early adopter pool are available at 3 different lock-up periods: 6 months, 1 year and 2 years. A longer lock-up period gets you a better rate.
You cannot transfer your Coins during that time, but you CAN buy Family Names (and everything else within the ecosystem).
So unless you're big on trading, you should go for the 2y lock-up. The Coins are locked up on-chain. You can swap from 9 different cryptocurrencies.

For convenience we integrate with Ethereum wallets (metamask, wallet-connect etc). But we do not interface with the Ethereum (or any other) blockchain - we use "eth_personal_sign" to sign Family transactions.
Even if you have no ETH, you can simply create an empty account and use it as your Family wallet. Later you can simply export the key and import it to a native Family wallet in Family OS. There's a web wallet in the swap interface too, but web-based wallets are always tricky - you need to be extra careful about not losing the seed phrase.
Note that it absolutely doesn't matter which crypto you're buying with. You can be swapping from BTC but still use the Ethereum wallet for key custody. This also means there's no reason to reuse your main Ethereum account - create a new one for Family, even if you're going to pay for the swap from your main account.

Note that you don't have to buy any Coins to use Family OS and enjoy the Family ecosystem. You may need a Name to use Family Social, but there will be many opportunities to earn some Coins via Family Rewards (will launch along with Family OS).

So please, don't hesitate to join even if you don't have any crypto! We hope to see you on Family Social soon. For the time being you can join our Telegram channel and chat.

Here's a timestamped proof of the genesis board (see: book)
https://joinfamily.xyz/genesisproof
https://joinfamily.xyz/1d06ef7ec9c947bc6c0b824b3dff26d195fe4767ed321dc1cd16696c17a6fd30.ots

LINKS:
Telegram channel: https://t.me/FamilyUpdates
Telegram group: https://t.me/FamilyNetworkChat
Swap to Family Coins: https://joinfamily.xyz/swap
Family Ledger Explorer: https://joinfamily.xyz/explorer
Buy Family Names: https://joinfamily.xyz/swap/names
Book: https://joinfamily.xyz/book

We're happy to answer questions, but please, read the book first!

See you on Family Social! https://joinfamily.xyz

Zero fees for most users? And how much for the remaining ones? Can you elaborate on that part!

throwaway4u

Posts

Merits