What is FrasCoin?
FRAS COIN is short for "Frasindo Rent", it is a Self-sustainable Blockchain & StartUp Incubator. The main company has an advantage to be a fully working car rental company, a supplier for ONLINE TAXI. Frasindo was authorized by the government as annofficial partner of UBER, GRAB, and GOCAR in Indonesia. Apart from Online Taxi, we also renting out the car to the corporate.
Self-
Sustainable FRAS COIN have its own rountine income and offers lifetime passive coin income +CARCOIN* also given extra +10%coin of all child-projects +coin dividend. The revenue is from the “Online-Taxi + car rental + driver recruitment” businessm as an official UBER, GRAB and GOCAR partner in indonesia.
FRAS COIN holders, not only it provides safety + security, but also FAILPROOF, fully open, transparent, and the cars are fully obser vable LIVE 24hours and 7days.
Initially FRAS COIN is an asset released on Stellar, also IGNIS ARDOR Blockchain, we are mentor-ed by the NXT Foundation. It will be the first company that fully cooperate to be the use-cases of blockchain technology and example of all blockchain ability.
Technical
- Total FRAS Coin : FIXED 100,000,000FRAS
- Total CAR Coin : UNLIMITED given free, auto replenish timely to all eligible FRAS Coin holder, whom store FRAS only in wallet (Exchange Market are NOT included) Upon usage, CAR COIN will be burned.
- BLOCKCHAIN-SWAP :
- FRAS COIN total supply in circulation will always be 100,000,000FRAS, blockchain migration are handled by FRAS's Child-Project CoinRupiah.com
- CoinRupiah.com will becoming Stellar ANCHOR+GATEWAY by releasing fiat asset IDR (Indonesian Rupiah), and support Auto local bank transfer.
Token Allocation
- Total FRAS Coin for crowdsale : FIXED 71,140,160FRAS (+Bonus included), distributed through crowdsale
- Bounty & Marketing : FIXED 2% from the total sales, in total 1,814,800FRAS, distributed through various bounty programs
- FRAS Coin sold to initial supporter :
- FIXED 1,260,000FRAS will be reserved and distributed to current initial supporters in which funding 7cars in operational
- In detail 1,050,000 FRAS(7cars x 150,000FRAS) &and& +20% Bonus (210,000FRAS).
- Frasindo & Team's Token :
- 8% from the total coin, as amount of 8,000,000FRAS given to Founders & Teams.
- This amount is as reward & compensation for the risks associated with starting the company, legal process, government permit,getting burned in many try & errors, facing fraud & scam, R&D, etc
- Founders's token are locked, not allowed to use nor receive coin dividend until 15 August 2019; Meanwhile Teams are allowed.
Supported Blockchain Platform
- STELLAR LUMENS :
- Indirectly, Frasindo team has been nurtured by Stellar.org, we active in humanity by helping the blockchain community fight poverty.
- Through FRAS Child-Project, MyStellar.org become the Largest Stellar Forum, generating passive income to contributors by giving Free XLM since 2016.
- MyStellar.org also participate to stellar build challenge "See Announcement"
- MyStellar.org is Child-Project of FRAS COIN; FRAS holder are entitled to receive coin income from the next winning prize.
- ARDOR IGNIS :
- NXT-Foundation provide advisory to learn and use blockchain technology (NOTE: NXT-Foundation DO NOT endorse any project)
- We occasionally sponsored by NXTfoundation to attend few blockchain events in ASIA to learn, also as the NXT community supporter
- Frasindo Team actively promoting NXT + ARDOR and wear the logo t-shirt as branding.
- NXT-Foundation do escrow some of the Frasindo's Assets Certificates & Check+copy all company legal documents Certificates of car ownership are sent to Netherlands
- Frasindo Team proudly be the ANNUAL+ supporter of the NXTfoundation.
- ETHEREUM :
- To support blockchain and crypto community, we would like to invite ethereum community on board Frasindo Family
- More Coming : Waves, Counterparty, Omni
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