FreeMark by Worldfree
Worldfree is developing a new cryptocurrency and blockchain infrastructure, re-engineered for improved economic and technological functionality. The platform integrates natural language reasoning technology, previously used by G200 clients, to enhance its digital currency offerings.
- Blockchain & Cryptocurrency
- Financial Technology
Funding
Founders
Founder details are not available yet.
Product
Problem
Existing cryptocurrencies often exhibit high volatility, hindering their use as a reliable medium of exchange for everyday transactions and long-term wealth preservation. This volatility creates risks and complexities for businesses and individuals engaged in trade and investment.
Solution
Worldfree is developing FreeMark, a digital currency engineered for stability and designed to function as a practical medium of exchange. FreeMark achieves stability by automatically pegging its value to a basket of 20 commodities, using a 6-month moving average to reflect changes in the physical world and resist inflation and deflation. The FreeMark leverages a Nodechain technology for scalability and security, and it incorporates an Atomic Central Bank for distributed monetary policy. FreeMark also offers a Growth Rate Royalty, rewarding early adopters as the money supply expands, incentivizing its use and adoption.
Target Audience
The primary target audience includes businesses engaged in international trade, investors seeking a stable digital currency, and individuals looking for a reliable medium of exchange to protect their wealth.
Features
- Automatic pegging to a basket of 20 commodities, providing inflation and deflation resistance
- Nodechain technology for scalable and secure transactions
- Atomic Central Bank for distributed monetary policy and automated royalty payments
- Growth Rate Royalty program, rewarding early adopters as the money supply expands
- Designed to facilitate international trade by reducing hedging and transaction costs
- Aims for 100% asset-backing through a FreeMark Reserve Endowment Trust