Frencoin is the cryptocurrency and community for frens to transact the FREN coin swith positivity, kindness, and wholesomeness. Coins on the Frencoin blockchain are referred to as FREN.
All Frencoin FREN are fairly issued being mined publicly and transparently using Proof of Work (POW) starting with the genesis block on 2023-05-06. There is no private, public, founder, or developer allocation set aside and all coins are created from blocks with a timing average of 30 seconds with the block reward halvening or reduction schedule below.
Block 1 — 99,999: 2,000,000 FRENs
Block 100,000 — 199,999: 1,000,000 FRENs
Block 200,000 — 299,999: 500,000 FRENs
Block 300,000 — 399,999: 250,000 FRENs
Block 400,000 — 499,999: 125,000 FRENs
Block 500,000 — 599,999: 62,500 FRENs
Block 600,000+: 10,000 FRENs Forever tail emission
All coins are deemed in circulation and there is no maximum supply due to the forever tail emission of 10,000 FRENs per block.