FREEZONE

What is FreeZone?

FreeZone is A free economic zone created specifically for blockchain-based business and cryptocurrency operations. Within this zone, the blockchain business may be legally operated, protected from prosecution by outside governments and regulators, and free of income taxes and taxes on cryptocurrency transactions. An infrastructure designed to dramatically simplify the execution of cryptocurrency transactions and operations for both businesses and individuals within the FCEZ (Free Trade Area) while providing services to foreign companies. This infrastructure consists of 5 main companies: a universal trading platform (UTP), a payment system, a bank, an investment bank and a marketing agency, all working with cryptocurrencies and paper money.

A blockchain community. Part of FreeZone's own profits is used to develop programs for this community with libertarian ideals. We plan to offer services for free or at cost, including: education; Help with obtaining citizenship; Plant protection through blockchain technology; Legal assistance, protection of human rights; and much more. In addition, we plan to create business opportunities for community members. This unique blend of business and community creates a perfect synergy, each helping the other grow.

Freezone token

We plan to raise $ 100 million to fund the project by creating and selling FreeZone tokens.

The tokens are created based on the Ethereum standard ERC-20.

The total amount of tokens to be issued is 1 billion. 500 million tokens are sold during the ICO, while 200 million are sold. Tokens are issued by FreeZone Corp. and are used to support ecosystem, bounty program and project promotion, and secondary placement. 300 million. Tokens are gradually being transferred to the ownership of the project's founders. The first 100 million tokens will become their property 12 months after the ICO. Subsequently, 18, 24, 30, and 36 months after completion of the ICO, 50 million tokens will be transferred into their possession for each 6-month period.

The release of FreeZone tokens is only once and amounts to 1 billion tokens. No further tokens will be issued.

Not less than 50% of FreeZone Corp.'s net income. are split among FreeZone token holders. The services provided by FreeZone can be paid for with tokens.

The development path of the Blockchain community and the social services it provides is defined by a voting system, and the number of votes a project participant wields is the number of tokens it holds.

The FreeZone Corp. held tokens and the tokens that will be progressively transferred to the hands of the project founders after the completion of the ICO Closing Date, are part of the profit distribution and are in line with the same conditions as the other tokens. 

Use of earnings

The use of the proceeds from the token sale is designed as follows:

Shares in the use of proceeds are fixed shares where the ICO is successful (if the sales target is achieved or is close to it). In the event that the amount of capital collected is less than $ 100 million, the budget is distributed based on the actual level of project development (milestones) according to the following figures:  

* The token price will be defined and published on the day of distribution of the tokens on the FreeZone website. The price is defined according to the following algorithm: Payments are calculated on the basis of Ethereum's conversion rate on the day of payment, multiplied by the final bonus coefficients; these numbers are rounded to the nearest whole; The result is the final amount received in Ethereum, taking into account the bonuses. This sum is shared by 500 million tokens, and the resulting number is the base token price in Ethereum.

The number of chips received by the client is calculated as the amount recalculated in Ethereum multiplied by the final bonus coefficient and divided by the base price. This final number is rounded to the nearest whole based on standard mathematical principles. The last token sold may be slightly different from the 500 million due to this rounding discrepancy. 

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