The smallest denomination of coins will be in tenths. 40 second transaction times. SHA-256 encryption.
The aim is to prevent a currency that is founded solely upon speculation and excessively rewards early adopters. Furthermore, without transaction fees, this will prevent a future where only large businesses with giant ASIC farms would mine coins (like a big bank). It will also be relatively immune to attacks or incidents where a tonne of hash power is dumped onto the mining network, and suddenly withdrawn, slowing mining to a halt.
It will be named ACoin.
No TX fee will allow the coin to get dos'd and bloated into the ground...