The Fee ICO

Fee ICO

The Fee ICO (Initial Coin Offering) is a crowd sale that lets you order Fee prior to launch at a fixed low price. Fee can be purchased at just 0.0001 BTC each or 10,000 FEE per bitcoin. After the sale we will continue to sell Fee, but at the prevailing market rate which could rise as well as fall.

The ICO is important for four reasons. Firstly it gives Fee a starting price. Secondly it raises awareness of Fee prior to launch. Thirdly it creates Feeholders who will then help promote the coin. Finally it raises much needed Bitcoin which will be used to fund its development.

But you don’t have to buy Fee to become a Feeholder. We give you 1.00 FEE just for signing up with us. You can also earn more Fee by using the links provided to share on social media. We pay you 1.00 FEE for every unique signup and a 5% commission on any Fee sold.

The ICO will run for six weeks from February 22nd until April 5th 2017. That’s the period during which you can buy Fee at the sale price and earn commission by referring others who buy Fee. After the sale you won’t be able to buy Fee again until it officially launches in the Summer of 2017.

Don’t miss out. Order your FEE today.

 

What Is Fee?

What is Fee?
Fee (FEE) is the purest currency ever devised as it is a monetisation of transaction fees. The cost of sending Fee is always 1.00 FEE and always will be, allowing market forces to determine its cost of use. The transaction charge goes to the user who earns it.

Fee is a cryptocurrency inspired by Bitcoin that can be moved around securely and anonymously over a P2P network. But while Bitcoin takes its value from it’s scarcity and the ever-increasing cost of mining it, Fee takes its value from the perceived worth in being able to send it around.

Whatever users are prepared to pay to send Fee to one another will determine the Fee price and this in turn will determine how much Fee you need to settle a bill. The more popular Fee becomes the more it will be worth. But the cost of using it will also increase pro rata.

As for the transaction charge, it goes to whichever user earns it. At Fee Central it goes to the Last Valid Referrer (Proof of Referral), on Fee Blockchain it goes to whichever user mines the block (Proof of Work) and everywhere else it goes to whoever controls the Fee (Proof of Control).

So although you have to pay a Fee every time you send a payment, there are ways that you can earn that Fee back. Hopefully everybody who uses Fee will earn enough commission to cover the costs of any payments they need to send. Read How to Earn Fee for more details.

 

How To Earn Fee

Three Ways To Earn Fee
With the cost of sending Fee always 1.00 FEE it’s important that there are plenty of ways to earn it. Luckily Fee provides three different ways to earn transaction charges after launch, all of which follow their own protocol. If you want to earn Fee this post will help you decide which way is best for you.

Proof of Work (PoW)
People who have mined cryptocurrency before will already know about Proof of Work. Simply put it awards Fee to users based on how much computing power they provide to Fee Blockchain. The more power you have the more blocks you will mine and the more Fee you will earn.

Proof of Referral (PoR)
An alternative way to earn Fee is to promote it and vendors who accept it. Fee Central will provide users with short urls that place their Fee cookie in users browsers before redirecting them. If you’re the Last Valid Referrer (LVR) when someone sends a payment you will earn the transaction charge.

Proof of Control (PoC)
The third way that you can earn Fee is by offering Fee Banking to your users. Proof of Control basically states that if you have control of your users Fee – meaning you can move it freely from one user to another – you should charge them 1.00 FEE per transaction and pocket that Fee as commission.

Those are the three ways that you can earn Fee transaction charges. But there is another way to earn Fee and that is by accepting it from your customers. Thanks to the PoR algorithm you’ll often earn more than the amount owing. Read Why Accept Fee to find out more.

 

Why Accept Fee?

bonus
The Fee Proof of Referral (PoR) algorithm means vendors can earn more by accepting Fee. Fee Central pays 1.00 FEE for every signup and a 5% commission on sales. After launch you can also earn a Fee every time someone you referred sends a payment.

Example: Alice creates an invoice at Fee Central billing Bob for 100.00 FEE. But Bob has never used Fee before. So he signs up in order to send the payment. He then buys 100.00 FEE with bitcoin to add to the 1.00 FEE he earned by signing up and sends 100.00 FEE to Alice.

In this example Alice would receive 107.00 FEE which is seven per cent more than the invoice amount. Far from being charged for receiving money Alice earns extra money for accepting Fee. She gets 1.00 FEE for referring Bob, 5.00 FEE commission on the Fee he buys and the 1.00 FEE charge.

But it gets better, for as long as Alice is the Last Valid Referrer she’ll also earn another Fee every time Bob sends a payment and further commission if he buys any more Fee. So it makes sense for Alice to offer Fee as a payment option as she and other vendors can earn more by doing so.

But what about Bob? He decides he wants to earn Fee as well – to offset the cost of sending payments – and creates his own public profile at Fee Central and shares the link on social media to let all his friends know that he’s using Fee and then he too can earn Fee by referring others.

Fee goes around and comes around and with everybody earning it there’s no need to worry about the 1.00 FEE transaction charge. That’s why it pays to accept Fee. So our advice is to stop using payment options that cost you money and start earning extra money with Fee.

 

How Fee Works

Seesaw Effect

The amount of Fee required for a payment is determined by the prevailing Fee price, which itself is an indication of how much people value our network. The more popular Fee is the more it will cost to send it, but the total amount needed will be less. Here’s an example:

If Bob owes Alice 50 USD when the Fee price is 5 cents, then Bob will need 1001.00 FEE in his wallet: 1000.00 FEE goes to Alice and the remaining 1.00 FEE goes to the user who earns the transaction charge. The charge in this case would be 0.1 per cent of the invoice total.

But if Bob owes Alice 50 USD when the Fee price is 50 cents, he will only need 101.00 FEE in his wallet: 100.00 FEE for Alice and 1.00 FEE for the user who earns the transaction charge. However, the charge in this scenario would be 1.0 per cent of the invoice total.

So if the Fee price goes up it means that your holding is worth more. But the downside is that it will cost you more to send a payment. Conversely, if the Fee price goes down your holding will be worth less, but the cost of use will be lower. This should make Fee a stable currency.