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Freicoin (FRC)

FRC price chart

Freicoin ranks #363 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5409: 5046 of the 5408 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted.

CoinSpectrum Grade	pending — no market data
Rank among cryptocurrencies	#363
Rank counting claims	#5409
Price	$0.00146
Circulating supply	0 FRC
Maximum supply	no fixed cap
Consensus family	Proof of Work
Consensus mechanism	SHA-256 (merge-mined)
Own hashrate	—
Network purpose	Payments
Ledger type	Single-asset ledger
Launch distribution	No premine

Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

Grade pending. No market cap or no daily volume is reported for Freicoin by any source the site reads. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.

Section and criteria	Score	Basis
Consensus	10	average of 2 criteria
By leader (its largest chain's market cap) (Source)	10	Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap
By family (all its chains' market cap) (Source)	10	Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains
Supply	—	Supply not reported
Distribution	8.5	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	10	0% of today's supply allocated at launch to founders, a company, a foundation or investors. No genesis allocation or instamine; mining began 2012-12-21. The Freicoin Foundation's share of the initial distribution was paid from block rewards and is recorded as a reward cut. source
Fundraising (share sold) (Source)	10	No sale of the coin source
Developer share (after launch)	5.6	Developer share: about 44% of today's supply received so far; no share of new block rewards today. Until equilibrium at block 161,280 (about three years, ending 2015), consensus enforced a 'budget' that sent 80% of the initial distribution (80M of the 100M FRC monetary base) to Freicoin Foundation addresses; since then the perpetual 95.37 FRC subsidy goes wholly to miners. Freicoin's demurrage (~4.9%/yr) has eroded those coins: 80M x e^(-0.0489 x ~12.3 yr) = ~44M of the ~100M equilibrium supply, ~44% (80% in nominal terms). source
Decentralisation	10	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol-level party can freeze, blacklist or claw back coins or halt the chain. source
No central team (Source)	10	No central team: The Freicoin client is developed in the tradecraftio/tradecraft repository (MIT-licensed Bitcoin fork), led by volunteer maintainer Mark Friedenbach; no company or foundation controls it today. source
Who can mint (Source)	10	Open to anyone with hardware: anyone can produce blocks by mining, no permission needed
Nodes (Source)	–	Not yet counted
Security	6.8	2.7 of 4 points, 4 not yet measured source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	–
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	–
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	1	merge-mined: its blocks are found by another chain's miners, 1
Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point)	6	one client, latest version Jan 2025, within 24 months
Open source (Node software)	✓
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	6.6	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $2e-9
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	1.2	about 11.9 simple transactions a second
Block time (10 minutes 10, less either side)	9.2	a block every 17 minutes
Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth)	5.8	4 MB limit, 2.35 MB per 10 minutes
Features (3 checks)	6.7	2 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	Ten-minute blocks, and the node (Bitcoin Core 28 base) defaults to full replace-by-fee (DEFAULT_MEMPOOL_FULL_RBF true), so zero-confirmation spends are not protected.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	Freicoin v28.1-42439 (Jan 2025, Bitcoin Core 28 base): -prune keeps the UTXO set and recent blocks.
Light clients (Payments verified from headers · Whitepaper §8)	✓	Freicoin v28.1 serves BIP37 Merkle proofs and BIP157 filters to SPV clients checking merge-mined SHA-256 proof of work.
Privacy	7	7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 1 not yet researched source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Freicoin's Bitcoin-derived node (freicoin/freicoin) has no identity rule: anyone generates keys and receives and sends the coin.
UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9)	10	Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history.
HD addresses (A new address for each payment, unlinked · Whitepaper §10)	–
Hidden amounts (Amounts confidential)	0	Transparent Bitcoin-style amounts; no confidential transactions.
Hidden parties (Sender and receiver hidden)	0	Transparent addresses and inputs; no ring signatures or stealth addresses.
Network privacy (Origin hidden by default)	0	Freicoin v28.1-42439 (Jan 2025, Bitcoin Core 28 base): no Dandelion; Tor is only used if the operator runs and configures it.
Programmability	3.3	3 of 9 points source
Token issuance	0	No token issuance on the chain itself
Smart contracts (Scripting for spending conditions)	1	Freicoin runs Bitcoin-style Script limited to spending conditions (signatures, hash locks, multisig); no contract VM or token introspection.
Multisig and time locks (Without a third party)	✓	OP_CHECKMULTISIG plus OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY, enforced inside witness scripts (SegWit active at height 278,208); in legacy scripts they remain NOPs.
Atomic swaps (With other chains)	✓	HTLCs built from Script hash locks (OP_SHA256/OP_HASH160) with a CLTV refund branch are standard Script, so cross-chain hash-locked swaps work on Freicoin.
Native DEX (Trades the coin itself, not a claim)	✗	No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04).
Cross-chain messaging (Verified by the chain itself)	✗	Freicoin nodes verify no other chain; no protocol-level cross-chain messaging.
NFTs (Carried by the chain's rules)	✗	No token or NFT type in the Freicoin consensus rules.
Demand	0.5	average of 2 measures
Exchanges (10 or more: 10)	0	no exchange the site reads trades it
Daily volume ($10K 0, $1B or more 10)	–	no volume reported
Turnover (volume ÷ market cap, 5% a day: 10)	–	not measured
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	–	not measured
Market cap ($1M 0, $10B or more 10)	–	not measured
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	–	not measured
Wallet support (wallets that hold it, 10 or more: 10)	1	its own node and wallet, counted as 1: no wallet in the site's directory lists it yet
Record	8.7	average of 3 criteria
Age (years since genesis) (Source)	10	13 full years since 2013-05-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	6	2 positive, 1 negative source
Positive
Steady work, 6 of 6	✓	0 commits in 0 of the last 12 months (github.com/tradecraftio/tradecraft); Freicoin (Tradecraft) v28.1-42439, 2025-01-14; v28-42407 (2025-01-04), v27.2-40603 (2025-01-02) and v27.1.1.1 / v25.2.1 (27-28 October 2024) also fall within the last 24 months, but nothing has been released since January 2025.
Shipped a security fix in two years, +1	✓	Freicoin v28.1-42439, 23 Jan 2025: includes bitcoin/bitcoin#30568 (addrman id overflow), the fix for the addr-spam remote crash disclosed by Bitcoin Core as CVE-2024-52919 part 2.
Negative
Unfixed vulnerability, disclosed 2026-05-05, −1	✗	CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Freicoin v28.1-42439. bitcoincore.org github.com github.com
Conduct (origin, claims, halts)	10	3 positive, 0 negative source
Positive record
Launched with a stated purpose, not as a joke	✓
No claims by its founders that contradict its own design	✓
No halt, freeze or reversal in five years	✓

Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.

Proof of Work coins

Proof of Stake coins

Supply

0 FRC are in circulation, against no fixed cap — issuance has no defined end.

Launch and allocation

Premine (allocated at launch)	0% of today's supply
Sold by the issuer or insiders	0% of today's supply
Developer share received since launch	44% of today's supply
Developer share of new coins today	0%
Fundraising	No sale and no investor round

No genesis allocation or instamine; mining began 2012-12-21. The Freicoin Foundation's share of the initial distribution was paid from block rewards and is recorded as a reward cut.

No ICO or presale.

No sale; the Foundation was to give its coins away through a faucet and donation matching for non-profits.

Until equilibrium at block 161,280 (about three years, ending 2015), consensus enforced a 'budget' that sent 80% of the initial distribution (80M of the 100M FRC monetary base) to Freicoin Foundation addresses; since then the perpetual 95.37 FRC subsidy goes wholly to miners. Freicoin's demurrage (~4.9%/yr) has eroded those coins: 80M x e^(-0.0489 x ~12.3 yr) = ~44M of the ~100M equilibrium supply, ~44% (80% in nominal terms).

The release notes warn that nodes older than the merge-mining-aware v13.2.4 'are vulnerable to hashrate-based attacks'. No 51% attack in the window was found, but there is no explorer to check reorganisations. CMC lists 0 circulating supply, so the asset is effectively untraded.

Sources: github.com · github.com · github.com · github.com · en.bitcoin.it. Researched 2026-10-26, medium confidence.

The work behind it

No source we can reach publishes a hashrate for Freicoin.

What a regulator has said

No SEC/CFTC determination — unclassified.

The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.

How CoinSpectrum ranks Freicoin

Freicoin is #363 among cryptocurrencies and #5409 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 5046 places between Freicoin's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.

The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).