Ever thought of leaving the house without a phone? Or not traveling by motor transport? The very thoughts are stranger to us and in many cases frighten us. But what about those who still are not able to experience the many luxuries that we are able to afford? What about the communities and people worldwide who continue to live lives fraught with difficulties and are not able to have access to the many opportunities that are presented to us? Well, this is what the Freedium project is aiming to tackle. Connect with those who have illiquid commodities and would like the ability to use financial services for personal betterment. Freedium will provide opportunities for the unbanked and much more.

What is Freedium?

Freedium is the only financial platform powered by a commodity backed stable currency. We’re the only truly stable currency backed by real assets and hedged by smart financial instruments on the blockchain.

This commodity backed stable currency will power a platform that unlocks liquidity to commodity owners and provides a wide range of financial services such as:

➡️Unlocking a $2.5 trillion Commodity Liquidity market.

➡️A smart-contract platform simplifying trade and connecting traders to a global marketplace, facilitating $6.3 trillion of annual trade.

➡️Mobile Money and Remittance accessing a $425 billion annual market.

➡️Microfinance and insurance targeting the 2 billion unbanked population.

By offering a True Asset-Backed Stable Currency to crypto investors and exchanges, Freedium is building an ecosystem to address the needs of 6 billion people globally and 60% of world’s GDP.

Freedium is building a platform to encourage access to financial services worldwide, without the need of having to access any financial institutions. The project is designed to be highly scalable, allowing financial services from multiple organizations to easily integrate into the platform through the secure blockchain.

In order to achieve this objective while being able to adequately provide a wide range of financial services, the Freedium financial platform needs to be supported by a stable currency.

Freedium Aims to Address The Needs of 4 Billion People & 60% of World’s GDP

This is why Freedium is building the world’s first truly stable cryptocurrency. Freedium’s stablecoin (FDC) is designed specifically to be resistant against known “black swan” events that cause other stablecoins to fail.

➡️One of the main reasons stable coins fail is the high volatility of their underlying collateral (commonly tied to fiat), which can cause a stablecoin to ‘break’ if the volatility exceeds a certain threshold.

➡️Another cause of failure is the direct fiat peg with a bank account holding the fiat. A bank account like this can be shut down by governments or multilateral institutions that have broad jurisdictional reach around the world.

Freedium is leveraging the highly inefficient, but huge commodity market in order to achieve the stability of the currency. The use of financial instruments that are common to other stablecoins, along with a diversified basket of uncorrelated censorship resistant commodities as collateral allows the creation of a stable digital currency backed by real assets. Freedium is integrating with global commodities infrastructure partners around the world where commodity owners can submit their receipts and get Freedium stable currency (FDC).

Freedium has assembled a highly experienced and adept team with vast in-depth expertise along with proven track records in blockchain, cryptocurrency, commodities, and banking. They have further acquired valuable knowledge in trading, hedging, and startups in developing economies to prepare themselves for the massive challenge ahead that waits. Since inception, the team has been able to develop the product and technology stack and has increasingly been able to establish partnerships with leading global stakeholders including freezones, banks, traders, technology providers, and governments. More and more of the partnerships will be announced upon completion and further down the roadmap.

Token Model | The Freedium Ecosystem Will Compromise of Two Tokens:

The Freedium Stablecoin (FDC)

The FDC will be locked to the USD and will be the predominant token used by individuals. The FDC can be held or exchanged for fiat or used across the Freedium ecosystem. Upon successful payment completion of FDC, the individual who has collateral within the ecosystem will have their commodities unlocked and allowing them to redeem their assets.

The Freedium Utility Coin (FDM)

The FDM will serve as means of payment for all FDC transaction fees in the Freedium ecosystem. All FDMs used to pay gas-fees for whichever application — trade, remittance, loan etc. will be partially burnt. The combination of increasing demand for FDMs combined with the declining supply will lead to a rapid growth in the demand of FDMs.

Team & Advisors

The Freedium team, led by founders Keba Keinde and Aqil Ahmed, have accumulated a tremendous amount of experience and highly sought after knowledge through their involvement over a lifetime of technological, financial and various other roles. Freedium’s all-star team comprises of individuals who have leading roles in companies specializing in blockchain, cryptocurrencies commodities and substantially more. These include renowned companies such as BNP Paribas, Millennium Finance Corporation, IBM and a whole host of expert corporations.

Freedium is a project for the people, created by some of the brightest minds within the blockchain sphere. It aims to truly make a difference for those who would otherwise struggle to have their opinions heard. While there is a long road ahead, the Freedium team has absolute faith in the direction of the project and unequivocally believes in their mission. The world is becoming increasingly globalized, allowing more and more people to make personal gains they previously would’ve never thought possible. Freedium with their foundations in blockchain technology aims to go a step beyond and provide everyone a chance to receive the financial services they are entitled to.

If you would like to know further information about the project and on ways to get involved please visit the following links:

Website

Litepaper

Telegram