FreedomCoin FAQs

Basics

Where did FreedomCoin start?

FreedomCoin is a digital crypto-currency that is based on Bitcoin technology. It was created on February 20, 2016 with a different name, to honor Donald J. Trump.

On Jan 24th, 2022, our coins history was forever altered by a single tweet by Eric Trump. At this time, FreedomCoin became the new name.

Our community will use FreedomCoin as a worldwide fundraiser and support tool for Patriots that have been forgotten during this pivotal time.

What is the purpose of FreedomCoin?

Digital money & cryptocurrency are quickly becoming important fields of technology. Bitcoin is the most well-known example of this due to its progress in society and acceptance in the world.

Cryptocurrency as a whole is moving forward and will need precedents set to further expand this technology.

FreedomCoin shows that other digital currencies besides Bitcoin can be capable of great things. It will be the first to pave the way into fundraising support of Patriots worldwide who need support in their fight against corruption and tyranny.

Why FreedomCoin?

FreedomCoin shares many similarities with Bitcoin; however, there are some important differences.

Low Market Capitalization
At the time of writing this the current market cap for FreedomCoin is $810,000, compared to Bitcoin which already has a much larger market cap of $18 billion. FreedomCoins are inexpensive, currently at a price of about 5 cents (USD).

Stable Growing Coin Supply
The supply of FreedomCoin is constantly increasing at a fixed rate of 10% per year. The current maximum supply is 18 million FreedomCoins.

“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” -Tyler Winklevoss Entrepreneur

Low Trade Fees
FreedomCoin’s fees are virtually nonexistent at a fraction of a cent. Bitcoins fees are much larger, making it difficult to conduct smaller transactions without having to pay a large amount of money for fees.

Energy Efficiency
Traditional Bitcoin mining uses block solving which features complex math that the machine must solve. This is very expensive and power consuming. FreedomCoin uses a different algorithm in which people only must leave their wallet running in order to earn a staking reward for supporting and securing the network.

Faster Transactions
Bitcoin transactions have been known to take hours due to the slow blockchain. FreedomCoin transactions only take a few minutes to confirm, so business can move much faster.

Alternate Digital Currency
Bitcoin is very well known as a digital currency; however, what most people are unaware of is how many more different altcoins there are. Many different people from around the world are developing new coins to showcase what digital money can accomplish and its limitless capabilities. FreedomCoin will give insight into this and show that digital money is capable of as a whole.

Volunteer Community & Developers
FreedomCoin is supported and developed by an all-volunteer group of community crypto-technologists. Their primary purpose is to make FreedomCoin stable, popular, secure and usable for all followers. All funding is provided by private donations of FreedomCoin or Bitcoin.

Provide the answer to the question here.

Who is behind this token?

FreedomCoin has been developed and promoted by a group of volunteers operating in a strictly non-profit role. We accept anyone willing to contribute their time and expertise in blockchain coding, web development, graphic arts, customer support, etc. Contact the support email for more details.

What 'fundraising' does the FreedomCoin team have planned?

Our goal is to support the Patriots that have contributed so much to assist with this goal.

Why is FreedomCoin called an Alt-Coin or Alt-Currency?

Altcoins are cryptocurrencies or digital currencies similar to Bitcoin. The majority of altcoins are forks of Bitcoin with changes made by the developers to represent their 'coin' and its unique features and benefits. Like Bitcoin, alt-coins or tokens can be created through mining with POW (Proof of Work) or can obtain additional tokens through POS (Proof of Staking). FreedomCoin is POS (Staking).

Is there a guaranteed return on my FreedomCoin tokens?

The buying and selling of crypto-currencies, digital currencies, trading of stocks, futures, commodities, index futures or any other securities has potential rewards, and it also has potential risks involved. Trading may not be suitable for all users of this website. Anyone wishing to acquire FreedomCoin tokens should seek his or her own independent financial or professional advice.

Is there a fee to Signup to purchase FreedomCoins?

There is no 'fee' to signup as a FreedomCoin token holder, follower or subscriber of FreedomCoin.

Do I get a referral fee for getting new subscribers?

There are no referral fees provided for followers. We encourage all interested persons to review the FreedomCoin system and use due diligence when making any cryptocurrency decisions.

Managing My FreedomCoins

How do I store my FreedomCoin tokens?

You can keep your FREEDs on the exchange you purchased them from or you can send them to a local wallet on your PC. See the Wallet Setup Guide. Please make sure your FreedomCoin wallet on your local PC is completely installed and synched up with the FreedomCoin blockchain before transferring tokens to it.

What kind of FreedomCoin wallets are available?

Currently, we have three (3) free wallets provided by FreedomCoin for the storage of FreedomCoin tokens.

 

Windows, Ubuntu Linux, Mac OSx. We also have the latest bootstrap file to download versus trying to download all blockchain transactions and source code to compile your own. These are the only authorized wallets to use for storing FreedomCoins locally. No other websites or wallets are endorsed. These wallets are available on the main page.

How can I get tech support for my FreedomCoins?

There are several areas to get help and support for FreedomCoin.

 

1. Most questions are answered here within the FAQ Section.

2. On the FreedomCoin Discord Forum

3. On our Reddit Forum

4. Submitting a question through the contact us link on this website.

My desktop wallet is installed but won't sync with the FreedomCoin network.

After your desktop wallet is installed it needs to make contact with the other FreedomCoin nodes on the peer-to-peer network through the Internet. These Patriot Nodes contain and monitor the FreedomCoin blockchain that verifies the authenticity of all FreedomCoin transactions ever made.

 

Before it can be a part of the network it first must download the FreedomCoin blockchain. This has grown to be a large file and may take several hours to completely download to your computer, depending on your network speed, etc.

 

Once your wallet is synchronized you should be able to see any tokens you've sent to your wallet. We recommend you hold off sending FreedomCoins to your wallet until it is completely synced with the rest of the network.

 

Additional detailed technical information regarding the wallets can be found within this website or at the various FreedomCoin discussion forums.

How do I purchase FreedomCoin tokens?

FreedomCoin tokens generally must be purchased with Bitcoin. This is usually accomplished through various cryptocurrency exchanges such as Livecoin, VinDAX, Binance, etc. Please see the Exchange Listings link below.

How can I monitor the FreedomCoin transactions to make sure it's accurate?

The FreedomCoin blockchain is a decentralized network that monitors and verifies that all transactions and activity regarding FreedomCoin transactions are accurate and complete. These transactions can be monitored using the FreedomCoin Block Explorer. You can see the transactions, wallet sizes, and statistics. FreedomCoin transactions are always anonymous and user privacy is always maintained.

What are some wallet tips?

Download the TRUMP wallet only from the website links. No others are authorized or secure.

Always encrypt your wallet as soon as installed with a password (passphrase).Do not use the same password in all of your wallets or other secure items. We recommend using a strong, secure password generator .

Never give your password to anyone you don't know or trust. The FreedomCoin team will never ask for your wallet password.

If you have coins in your wallet and want to earn dividends from staking. Click the unlock option under the Settings Menu and enter your password. Make sure the 'For staking only' box is checked.

Do not send or receive any coins from your wallet until it is completely synchronized with the rest of the blockchain. They will not show until the chain is completed.

Keep your wallet open and online as much as you can. This allows it to keep current with the blockchain and allows staking.

If your wallet is not synchronizing there are instructions in the Advanced tips to help get you caught up.

Become familiar with the menu options at the top of the wallet.

Backup your wallet.dat file as regularly as possible especially If you are transferring coins in-out regularly. You can manually copy the wallet.dat file from the install folder or use the menu option under File to backup your wallet. Save the file to a secure location preferably off your computer such as a thumb drive or external source.

© 2022 FreedomCoin.