♻ FRED Energy | Important Project
The FRED project is a project that long-term investors should be aware of.
Unfortunately it is a project with many whales and beggars (people who only appear in Airdrop). Recently the project swapped, transforming the FRED (Fred old) currency into FRED with the Stellar structure.
As the intention of this project is to present good and reliable projects and also segmented for everyone to know, I can easily say that the FRED project is a reliable project.
No matter what country you live in, you have a sense of how limited resources are, unfortunately soon the fight will no longer be for money, but for drinking water and food, study about it. I will not continue this matter.
Having a crypto project linked to alterative energy is important, although many consider it a secret, ENTERING A PROJECT IN THE START IS ALWAYS ADVANTABLE, imagine what the families of people who sold Apple stock, Microsoft, Amazon, are frustrated at. today's day.
At this time 10/31/2019 the FRED project is marketed to 10 satoshi at TROCA Finexbox. I don't like Finexbox because of the delay in receiving BTC, ETH and Dogecoin, taking more than 28 hours to be in the wallet.
Anyway ...
All the initial investment came from the project's creators who are having a hard time keeping this project strong, that's what you just read, they stop putting part of their salaries in their homes, to invest in the project, equipment and pay the listing fees. .
The project was available for purchase at 250 satoshis, which is the initial set value, but I believe that when the hidden innovator project is introduced to the world, I'm sure those who keep and wait can enjoy technology and prosperity.
At this point it is important that you are able to invest at least 0.008 BTC to save a good amount of FRED for the moment of this project's greatness.
IMPORTANT: You should only invest in this project if you have the knowledge and patience about Investing and Waiting.
If you are anxious, this investment is not for you!
We managed to interview the project CEO, below is the interview after the title in green and blue.
Interview the project CEO
Q: The Fredenergy Project (FRED) is a legendary project, made history and many prosperous people. How do you see the Crypto market since the birth of the project?
A: I’m not sure if we have made history or anyone prosperous yet but we are trying.
The project started in September 2018 and in my opinion, things are pretty much the same, there is a general lack of investment which could be down to trust issues. As we started out as a mineable coin it was quite easy to get miners onboard to begin with, but things changed as the coin suffered with regards to price and volume.
Q: As a developer, have you ever been sad about people not investing in the FRED project?
A: I do find it hard sometimes when people join our communities and don’t take the time to read our whitepaper etc and find out exactly what we are about.
Q: Research has shown that the planet's natural resources for 2019 have already been depleted by humanity, do you believe that investing in sustainability and projects that can structure the planet is important for the economy and the safety of humanity?
A: I believe any investment into green projects is important and we are beginning to see a shift across many business sectors into eco/green technology and in blockchain. Humanities detrimental effect on the planet is not just from fossil fuels though, our increasing usage of plastics and deforestation due to palm oil are just some of the many areas we need to work on.
Q: From the developer's point of view, are EXCHANGES cruel in charging very expensive project listing fees?
A: In our experience, the fees have not justified the service and benefits received. For start-up projects like ours, the smaller exchanges are more affordable but lack volume or real investors. It’s a difficult task deciding which exchange best suits the project and most of the time the listing fee is the overall decider.
Q: What are the best EXCHANGES in your opinion?
A: I wouldn’t want a project to follow my suggestions so what I can say from experience so far is to do a lot of research, join the exchange to get a feel of the platform and check for fake volumes. Also look at new coins/tokens and see how they are trading and where. Those with real volume and good support would be higher on my list.
Q: How will the FRED project fight whales in this new phase?
A: All coins/tokens go through pump and dump stages and ours will no doubt be the same although not at the hands of the team. There are only a couple of what could be termed whales with the new FRED Token, one is possibly myself and some of those who started mining our coin from the beginning. These holdings will become insignificant as our coin to token swap is just 6% of token supply. Our aim is for our tokens to be as widely distributed as possible.
Q: What made you switch from ERC-20 to a Stellar-based Tokens?
A: It was a difficult decision to switch especially after already creating an ERC-20 token. After our CTO put the idea forward it seemed to make more sense. Being a Stellar based Token gives several advantages;
Almost instant transactions
Unbelievably low transaction costs
A proven secure blockchain
Access to decentralized exchanges
Q: A short time ago a version of the Fred project was listed on Finexbox, who invested in that project will lose or go through a Swap? If you are going through a Swap, what will the transformation be like by how much?
A: Yes, our coin was listed on Finexbox and was our second exchange. We announced 2-3 weeks before the scheduled cut-off date that we were going to swap to a token. This required all coin holders to move their coins to Finexbox so they could perform the swap after the IEO. Unfortunately for some coin holders, they missed the swap even though we informed all exchanges and the communities via our social media. The swap ratio has been set based on the number of tokens allocated for the swap divided by the coins sent to the exchange which gave a ratio of 15.9 coins to 1 FRED Energy Token. This information is also in the whitepaper http://token-sale.fredenergy.org/FREDEnergy-Whitepaper-v1.1.pdf
Q: What are the Fredenergy (FRED) project communities like?
A: When I first started the project, I stumbled across TurtleCoin and was amazed by their community and how everybody wanted to join in and be part of the project and this is what I envisaged for our project. Our community was very slow to evolve, and we have some very committed community members who love our ideas and plans and what we are about, but we have always lacked support in the doing side of things.
Q: Can the Fredenergy Project (FRED) be used as a payment method?
A: It can be used just as efficiently as Stellar and other cryptocurrencies, but we are also aiming to utilise FRED as much as possible on our platforms such as the marketplace and EV charging
Q: Does the Fredenergy Project (FRED) have any purpose to help entrepreneurs?
A: FRED (Funding Research into Energy Devices) was and still is the initial basis for the project although we have added several other projects since. The idea is to help innovators in energy saving and generation devices get the funding they need to bring their ideas to reality and market.
Q: Does the Fredenergy Project (FRED) support any social cause?
A: In addition to the above, we are in partnership with an innovator to provide solar powered light and phone charging devices to those who live off the grid. These devices are charged via a 6 inch solar panel and are a 220v system which can be scaled up for larger appliances. Our plan is to provide one of these devices per $1000 of tokens sold.
Q: What advice would you give to anyone who wants to invest in the Fredenergy Project (FRED)?
A: Against the rules for me to provide investment advice, but I would always say do your research and read the whitepaper first. You should get a good idea from the whitepaper if the project is for you and If something doesn’t make sense, then ask the team. I’m not saying our whitepaper is the best, but I hope it explains what we are about and what we aim to do.
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Community: 5
Wallet: 10
Listing: 5
Initial Investiment: 10
Usability: 10
Leader Presence: 10
Whitepaper: 10
Project average: 10(The project is good, the main ones of the project invest from their own pocket. that's why we give it 10!)
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If you have Fred to donate, please contribute to blog growth so we can migrate our platform.
Our FRED wallet:
GDCFG6RLFDYP2GGJ3DYWIFYC4I4ODX4LDW3VMAI3BOEDL5AV2KFZHFZK
