The FreeMark

The FreeMark is aiming for the bigger opportunity: the market for the next phase of cryptocurrency adoption is ~30% of the global GDP, or about $40 trillion in payments.

Many ICO’s tout their justification for use in financial transactions, thus expanding cryptocurrency use. But volatile digicurrencies, using the prevailing model of varying market price, behave in exactly the opposite way of the best medium of exchange.
The best kind of currency for everyday financial transactions is stable: more stable than fiat currencies, and certainly more stable than most cryptocurrencies.

But that is not enough. The larger market needs an incentive to switch to a cryptocurrency. It must be stable, but it also must produce a return. The FreeMark does this by paying a royalty based upon the growth rate of the money supply, completely reversing the inflationary erosion of savings by making natural market growth an ally, and incentivising viral growth.

FreeMark owners will in addition buy and sell globally without exchange rate risk, with both inflation and deflation resistance. FreeMarks are also legally tied to real assets, held in a regulated, audited fund, unlike other fiat money offered by governments or mainstream cryptocurrencies.

How can you trade volatile assets with a volatile cryptocurrency?

The volatilities multiply, making rational investing impractical at best. 

That will never catch on, and hasn’t yet. 

Furthermore, for traders in goods and services, such as manufacturers, importers and exporters, exchange rate risks and hedging practices are a real problem. A stable cryptocurrency, based upon a peer-to-peer, distributed platform solves that problem, and provides incentive for the switch.

Until a stable cryptocurrency becomes mainstream, no cryptocurrency will be mainstream

Governments removed asset-backing in the early 1970’s, floating currencies globally so they could print as much as they wanted. By creating money from nothing, they devalue the wealth their populations have earned through hard work and innovation. Already taxed horrendously, most developed governments have put their countries deep into debt. Now new generations are stuck with obligations they cannot expect to meet: they are slowly becoming slaves to incompetent bureaucrats who create little value for their people in exchange for the money they confiscate.

Faced with this nightmare, people invented the Bitcoin and other cryptocurrencies, and once again gave themselves some hope for better lives. What is this solution? They are printing money for nothing, just like their governments! They are also “taxing” people to provide currency, and taking a little of that from the governments. At least people are making money while they do it, however.

But the invention of digital money is a much better opportunity than these innovators realised. Instead of more fiat, in the form of Cryptofiat, Worldfree’s asset-backed, stable currency, the FreeMark, restores legitimacy to monetary policy, and automatically pays royalties to savers when the money supply expands, the opposite of inflation. 

Because most of the money the currency is sold for is saved in order to back the currency in a managed, audited and regulated fund invested in physical and productive assets, the FreeMark is a better medium of exchange than government or crypto fiat, providing an opportunity for inflation and deflation resistant financial culture.