FairCoin

Discussion

FairCoop's plan with the FairCoin distribution

Enric Duran:

" FairCoins was distributed before the idea of FairCoop even existed. Someone created this cryptocoin as well as the 50M Faircoins and spread it to all person that find it out in a airdrop… So all faircoins were distributed equally between cryptocurrency aficionados or people that find it out somehow…

After that, when the idea of FairCoop started to born, the initiators and other related people started to buy this faircoins by the rules of cryptomarket… So we started to collect all this coins with the objective to put it after in common projects…

The 20% you mentioned is in the fairFunds… This funds objective its to be re-distributed among all projects for the commons that needs financial aid… Also other 20% its between ppl and collectives compromised with the faircoop principles that also had bought faircoins to support the project and is committed with the cause, therefore in an autonomous way it will be also funding for projects related to the commons.

The remaining % is unknown where it is, however thanks to the http://coopfunding.net we aim to facilitate everyone to contribute in buying more of this coins and grow the FairCoop funds.

From the promoter team we encourage everyone to take part of the faircoop project by either giving a donation to the funds or if they have already some ideas for common projects to buy themselves faircoins.

We can not expropriate all dollars or euros or bitcoins.. But what we can do is to buy as peers as much as we can of this faircoins, and then participate in growing its value, increasing its market cap, and RE-distributing it between all projects for the commons

Thus, the plan is that: we are not gona distribute an “alter coin” we are gona take a coin, grow its value and re-distribute wealth iequitable in the real world.." (https://fair.coop/groups/faircoop-community/ask-us-anything/forum/topic/equitable-distribution-of-fair-coins-what-is-the-plan-to-achieve-this/#post-1857)