Kryptofranc (KYF)

The KryptoFranc is a new altcoin, which purpose is to support organizations and individuals who defend human and citizen rights all over the world. Today, the conditions in which charities raise funds seem less and less efficient, with ever increasing marketing costs for profits that, although they grow in absolute value, frequently deteriorate in terms of the relationship between collected and distributed funds. The ambition of the KryptoFranc is to bring new fundraising solutions for NGOs or individuals through the creation of a large community of voters who will select the cause(s) that will receive a significant part of our money supply every fortnight. The voting process will happen online via traditional web channels. Organizations and individuals who wish to apply for a donation will also have to do it online. Every fortnight, the KryptoFranc community will decide on a donation to a defender or a cause that support human rights, freedom and preservation of the Earth. The KryptoFranc already disposes of 2 billions premined KYF, which will be distributed in over a period of 10 years as free donations to causes we support. We believe that freedom in all its form has to be defended when and how the community decides it. In addition to voting, members of the community will be able to support causes that already received KryptoFrancs by buying the currency on the open market via the various exchange platforms on which it will be available. In that regard, we will create a dedicated exchange platform for charities to use and monetize their KryptoFrancs. This exchange platform will not be exclusive but will ensure the initial solvency of the currency. We count on this leverage tool to channel large financial flows in favor of freedom in the coming years. We believe that the KryptoFranc initiative can spark interest among a large audience for the following reasons: The very large audience of donors. In industrialized countries, nearly 60% of the adult population donates to charities every year. The growing number of organizations in need of funding. The United States alone is home to more than 1,2 millions charities. These organizations collect over 400 billion dollars every year. The phenomenon has now spread all over the world and Africa has become the continent with the fastest growth of charitable donations. In this environment, we believe that the KryptoFranc can become a reference altcoin for charities –several millions structures worldwideas well as donors –several hundreds millions of individuals. We are looking to initiate a virtuous circle in which donations will attract more donations and sustain the growth rate of the currency. This growth will attract investors and speculators who will replenish our initial donations.