More information about the FreeMark.
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The Worldfree Network is a pro-business network, built by producers and value creators for value creators, in order to defend the greater freedom Hayek explained so eloquently.
The FreeMark
The World's Most Innovative Currency
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.
“The only way to confirm the absence of a transaction is to be aware of all transactions.”
Satoshi Nakamoto, Inventor of the Bitcoin, in “Bitcoin: A Peer-to-Peer Electronic Cash System”, 2008
Well, this is not actually so—it is an invalid assumption. We can confirm a transaction has not occurred and changed the ownership of a coin if there is only one instance of a coin, as there is in every-day cash transactions.
Do you ask who owned money before accepting it as change in a transaction? Does anyone ask you?
Of course not—this is an example thousands of years old of another type of transaction—so why can’t that be replicated with the nearly infinite control we have of the digital world? Worldfree has done exactly that with its innovative, completely scalable Nodechain technology.
The Nodechain
Scalable, Simple
The FreeMark
Halts Inflation & Deflation
The Atomic Central Bank
Distributed Monetary Policy
Join us to help make this new vision of a more robust and scalable digital currency platform a reality by learning about how these three amazing new technologies combine to fulfil the potential of the new world of cryptocurrencies.
Development Timeline
Q1 2017
Worldfree restarted with advanced natural language reasoning having already been used commercially by many G200 clients.
Q2 2017
Tech due diligence on Blockchain begins
Worldfree Team re-assembled
Q3 2017
Nodechain invented, patents applied for
FreeMark and Atomic Central Bank concepts invented, patents applied for
WhitePaper preparation begins
Q4 2017
White Paper complete
Website live
System prototype under preparation
Q1 2018
Business White Paper Completed
Initial FreeMark Wallet designed and under development
Pre-pre-sale Begins
Q2 2018
FreeMark Pre-sale underway
Website re-design
FreeMark Wallet functional for Android, iOS and Windows Desktop
Demonstration of Commodities Backing and Growth Rate Royalty payments
Distributed Trading System designed
Nodechain development underway
ICO community building begins
Nodechain demonstration & Banking system functional
Q3 2018
Pre-sale completed
Debit card available for FreeMark ATM withdrawal in many currencies
ICO underway
Worldfree Network Trading system delivered
Nodechain basics functional for distributed processing
Natural language reasoning distributed searching network functional
Q4 2018
Distributed natural language reasoning used for knowledge-based general problem solving
Circular use of FreeMarks for purchases of goods and services
Direct Public Offering Planned
Q1 2019
Worldfree Network Community investments begin
Natural language mining operational
Rational Voice Dialogue underdevelopment
Q2 2019
Global Immediate Exchange
Rational Reporting
Multi-market circular use cases evolving
Team
Worldfree’s Team has re-engineered the cryptocurrency, including the blockchain itself.
Led by a second-generation software entrepreneur, veteran fintech and AI software developer, the CEO and his team have re-designed the digital currency functionally—both economically and technologically, from the ground up.
The Worldfree team developed the world’s first technology to deliver direct answers from live, unstructured internet text. The technology has been used by many G200 clients and IBM offered to acquire it.
Now Worldfree is bringing natural language reasoning to a better engineered cryptocurrency, along with advanced crypto- and economic technology.
Kevin Kirchman
A 3-time entrepreneur, founding companies using technologies including artificial intelligence, robotics and engineering. Built one AI company that a G200 firm offered to acquire. Began career many years ago working for his family’s software firm, the Kirchman Corporation, at one time the US’s largest banking software firm. He has written one book on innovation, with degrees in mechanical and aerospace engineering (Cornell U) and computer science.
Dr Theo Mourouzis
Dr Theo Mourouzis is a Research Fellow at the UCL Centre for Blockchain Technologies (UCL CBT) and Programme Director of the MSc in Business Intelligence and Data Analytics at the Cyprus International Institute of Management (CIIM). Theo received his PhD in Computer Science (with specialisation in symmetric cryptanalysis) from University College London (Information Security Group), with a BA/MA in Mathematics from University of Cambridge.
Guillaume Goutaudier
An expert in IT project and product management and network security with a speciality in blockchain technologies.
Saskia van der Elst
An information privacy professional and a knowledge engineer for semantic technologies and intelligent software systems.
Paul Kristensen
An expert angel investor and serial entrepreneur with a passion for turning unique technology into successful business. A highly experienced company chair and director of both public and private companies, having taken IP-based companies to IPOs and other exits both in Australia and internationally.
Simon Cocking
The Chief editor Irish Tech News and Cryptocoin.News, #1 ranked ICO advisor on ICObench for last 3 months.
Winner of Irish Web Awards 2014, best Science & Technology category, and Winner 2016 Littlewoods Best Ireland Blog for Digital & Tech.
Marius Lohri
A Worldfree investor and successful venture investor, with many years of experience as a product developer. Focus on strategic thinking and developing strong value propositions.
Glenn Bolger
A Bitcoin trader, miner and broker, with many years as an IT professional. Thorough knowledge of the cryptocurrency market, its history and basis for its growth.
Richard Berman
A former news editor of the national NBC Nightly News program in New York. PR specialist as head of Berman & Associates.