We allow everyone to earn up to their fair share (₣1000) by linking to friends and getting paid per link.
This has a few effects that should help stabilize the price:
- Price is not linked to number of users and future users, more so to the network effect
- If there is a bubble, people are more likely to rush in and claim their share, some will hold and stick around, some will dump, some will buy more. But everyone has a price
- Made for more viral growth due to decentralized referral program, more users faster -> more stable price
Please note, this is theoretical. We make no promises that price will stabilize but it has been designed with that in mind. This is also a great way to get new people to adopt a crypto. And on the flip side, people have to link to others and therefore talk to others about Frink, because they have to work to claim it, they may be less likely to sell. We'll see what happens.
Using those social links between people, we run social network sybil detection algorithms to create high accuracy IDs. The IDs prevent double-claiming. The IDs have some other interesting effects such as allowing the ultimate decentralization. Everyone mines as an equal, while maintaining high energy efficiency and scaling nicely because we can segregate the network into socially connected communities.
Please note, we are almost but not quite ready to launch what we have so far at
www.frink.global if you want to learn more.
