More detail: https://ohiobitcoin.com/coins/freicoin
Freicoin (Symbol: FRC) is a distributed, peer-to-peer electronic coin created to address the grievances of the working class and re-align financial interests of the wealthy elite with the stability and well-being of the economy as a whole. Central bankers under rules that intentionally or not benefit the establishment take responsibility for managing inflationary currencies such as the U.S. Dollar or Euro. Therefore, Freicoin is totally distributed and self-regulating, with a demurrage fee that guarantees its circulation and bearers of the coin pay this fee automatically to those community members who participate in securing the currency. The coin is an implementation of the accounting concept of a Proof-of-Work blockchain like bitcoin. There is a downloadable client for Mac OS X, Windows, and Linux, and an electronic network for transferring funds denominated in Freicoin around the world. It is available to download, review and improve the code of this free software project on Github.
