FairERC20 $FERC

FairERC20 (FERC20) is a revolutionary crypto project that leverages the strengths of the ERC20 standard, while injecting a new level of decentralization and fairness into the token issuance process on the Ethereum blockchain. This unique blend of features provides a comprehensive solution, opening the door for a much wider range of applications and setting a new standard in the world of cryptocurrency.

What is FERC20?

FairERC20 is based on the established ERC20 standard. However, it distinctly combines the decentralized issuance method of BRC20 and the programmability of ERC20 smart contracts to establish an innovative token protocol standard. This enhanced protocol is specifically designed to make token issuance on Ethereum more balanced, accessible and fair.

Distinct Features of FERC20

FairERC20 comes packed with unique features, some of which are absent in the BRC20 standard. These include:

• Convenience of token transfer in publicly familiar wallets without the need for new wallet software.
• Applicability in Ethereum's powerful DEFI ecosystem, including DEX, lending, multi-signature, and more.
• FairERC20 tokens hold no owner authority, meaning there are no owner tokens.
• Capability for tick characters to be upgraded.
• No pre-mining of tokens. Total token quantity is mined from zero until the hardcap is reached.
• Highly decentralized, with a serverless system architecture. Functions like search are carried out entirely in smart contracts.
• Users interact directly with the contract.

What's Next for FERC20?

Although FairERC20 has been implemented on Ethereum, measures need to be taken to prevent Sybil attacks and smart contract bots. To this end, the protocol includes three additional sets of attributes. One such attribute is the 'Freeze period'. During this period, users minting coins for the first time will need to pay a tip to the platform for each additional coin minted, with the tip amount doubling each time.

Applications of FERC20 Tokens

The FairERC20 token, with its blend of unique features and capabilities, can be used for a variety of purposes across the Ethereum DEFI ecosystem. It can facilitate transactions on the Ethereum blockchain, power