Frankencoin – Democratizing the creation of money.

The Frankencoin is a collateralized stablecoin that is intended to track the value of the Swiss Franc. It's governance is decentralized, with anyone being able to propose new minting mechanisms and anyone who contributed more than 3% to the stability reserve being able to veto new minting mechanisms. It should be seen as experimental and not be relied upon.

The core ideas of the Frankencoin including a novel auction-based minting mechanism are described in the (partially outdated) Frankencoin research paper. Unlike the minting mechanisms of other collateralized stablecoins, Frankencoin's auction-based mechanism does not depend on external oracles and is therefore also very versatile with regards to the used collateral, as long as its volatility with regards to the Swiss Franc is limited.

The name Frankencoin hints at its self-governing nature, but also the risks associated with releasing an artificial machinery into the wild.

To start using Frankencoin, visit frankencoin.com.

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How to participate

We encourage you to explore the project, ask questions, and share your thoughts with us. Your engagement will play a vital role in the success of the Frankencoin project, and we look forward to working together to create a truly innovative stablecoin.

For more information about the Frankencoin project, please visit our website, follow us on Twitter, and join our Discord channel.

For developer resources and technical discussions, please visit us on GitHub and join our discussion there. Please report issues with the smart contract here.

Thank you for your support, and let's make the Frankencoin project a resounding success!

Warm regards,

The Frankencoin Team