Free Currency
The free currency, called « Ğ1 », and pronouncing « june », is a cryptocurrency created by ourselves. Created on March 8, 2017, it is the first and only free currency created.
Each member creates a universal dividend per day (UD). The value of a UD in Ğ1 evolves every 6 months according to an equation guaranteeing a space-time equality between all its members :
UD(t1) = UD(t0) + c² * (M/N) / J
Legend
Legend
UD(t1) : The new UD to calculate
UD(t0) : The current UD, before the change
c : 0.0488 (4.88%)
J : 182.625 (number of days in half a year)
M : Current money supply
N : Number of current members
UD(t0) : The current UD, before the change
c : 0.0488 (4.88%)
J : 182.625 (number of days in half a year)
M : Current money supply
N : Number of current members