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.
Funding
Funding not disclosed
Founders
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