FREE

Note: FREE ceased its operations in May 2023 and its official site - https://freerossdao.comis currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Overview of FreeRossDAO (FREE)

FreeRossDAO is a decentralized autonomous organization (DAO) rallying in solidarity for Ross Ulbricht, aiming to purchase his Genesis Collection NFT and protest against the injustices of the American prison system. They achieved their goal, acquiring the NFT and offering fractional ownership through $FREE tokens on Fractional.

Pros and Cons

Pros of FreeRossDAO (FREE):

1. Operates on the secure Ethereum blockchain: Ethereum Blockchain is known for its security and decentralized nature. Utilizing it provides FreeRossDAO with a reputable platform for its operation and transactions.

2. Empowers holders with voting rights: This allows the token holders to have a say in the project's direction. This democratic approach directly engages stakeholders in the project's critical decision-making processes.

3. Decentralized organization: Being a decentralized autonomous organization (DAO), FreeRossDAO operates transparently and is immune from the risk of a single point of failure. This inherently builds confidence among the participants and stakeholders.

Cons of FreeRossDAO (FREE):

1. Associated with the controversial figure of Ross Ulbricht: Any ties to contentious figures can significantly impact the perception and reception of the cryptocurrency in the market.

2. Dependent on a specific campaign (freeing Ross Ulbricht): Its existence and operation are tied to a specific cause. This dependence impacts its longevity and reliability.

What Makes FreeRossDAO (FREE) Unique？

FreeRossDAO (FREE) stands out due to several unique aspects:

- Decentralized Autonomous Organization (DAO): FreeRossDAO operates as a DAO, allowing members to collectively make decisions and take actions without centralized control. This decentralized governance model enables transparent and community-driven decision-making.

- Solidarity for Ross Ulbricht: FreeRossDAO's mission to support Ross Ulbricht and protest against the injustices of the American prison system sets it apart. By uniting in solidarity for a specific cause, FreeRossDAO brings attention to social issues and advocates for change.

- Acquisition of Ross's Genesis Collection NFT: FreeRossDAO's successful acquisition of Ross Ulbricht's Genesis Collection NFT demonstrates its commitment to its cause and its ability to mobilize resources within the cryptocurrency community.

- Fractional Ownership via FREE Tokens: FreeRossDAO offers fractional ownership of Ross's Genesis Collection NFT through $FREE tokens on Fractional. This innovative approach allows individuals to participate in ownership and support the cause without needing to acquire the entire NFT.

- Community Engagement: FreeRossDAO's community-driven approach encourages active participation and engagement from members who share its values and goals. By fostering a sense of community, FreeRossDAO amplifies its impact and influence in advocating for justice and change.

Overall, FreeRossDAO's unique combination of decentralized governance, solidarity activism, successful NFT acquisition, fractional ownership model, and community engagement sets it apart as a novel and impactful initiative within the cryptocurrency space.

How does FreeRossDAO (FREE) Work？

FreeRossDAO (FREE) operates through a decentralized autonomous organization (DAO) structure, where members collectively contribute and make decisions to support Ross Ulbricht and protest against injustices in the American prison system.

1. Decentralized Governance: FreeRossDAO operates as a DAO, utilizing blockchain technology and smart contracts to enable decentralized decision-making. Members of the DAO can propose and vote on actions, such as fundraising initiatives, NFT acquisitions, and advocacy campaigns.

2. Solidarity Activism: FreeRossDAO rallies in solidarity for Ross Ulbricht, the founder of the Silk Road marketplace, who is serving a double life sentence without parole for his involvement in the platform. The DAO aims to raise awareness about Ross's case and advocate for criminal justice reform.

3. NFT Acquisition: FreeRossDAO successfully acquired Ross's Genesis Collection NFT, demonstrating its ability to mobilize resources within the cryptocurrency community. This NFT acquisition serves as a symbol of support for Ross and his cause.

4. Fractional Ownership via FREE Tokens: To enable broader participation, FreeRossDAO offers fractional ownership of Ross's Genesis Collection NFT through $FREE tokens on the Fractional platform. Individuals can acquire $FREE tokens to gain fractional ownership of the NFT, allowing them to support the cause without needing to purchase the entire NFT.

5. Community Engagement: FreeRossDAO fosters community engagement and participation from individuals who share its values and goals. Through active involvement in DAO discussions, fundraising efforts, and advocacy campaigns, members contribute to advancing the mission of FreeRossDAO.

Market & Price

Freerossdao (FREE) is currently trading at $0.00009143 USD on Mar 19, 2024. This represents a slight increase of 1.2% in the last 24 hours. However, looking at a wider timeframe, FREE has experienced some volatility. Over the past week, its price has fluctuated between $0.0000854 and $0.0001313, a range of roughly 55%. It's important to note that FREE's price is significantly down from its all-time high of $0.01387, reached in December 2021, representing a decrease of over 99%.

Exchanges to Buy FreeRossDAO (FREE)

FreeRossDAO(FREE) can be purchased in 3 exchanges currently:

• MEXC: Growing exchange known for a wide variety of tradable cryptocurrencies. It allows users to buy and sell many digital assets including FREE.

• DigiFinex: Established exchange offering a vast selection of cryptocurrencies. You can trade many digital assets such as FREE.

• Uniswap (Decentralized): Pioneering peer-to-peer cryptocurrency exchange platform. Unlike traditional exchanges, it doesn't hold user funds directly. You can trade various cryptos here without intermediaries (requires a crypto wallet). However, ensure there's sufficient liquidity (enough buyers and sellers) for the specific crypto pair you want to trade.



How to Store FreeRossDAO (FREE)？

FreeRossDAO (FREE) can be stored in both Metamask and Trust Wallet

• MetaMask (Browser/Mobile): Popular browser extension and mobile app wallet for storing FREE and other ERC-20 tokens. Offers user-friendly interface and connection to DeFi platforms.

• Trust Wallet (Mobile): Secure mobile app wallet supporting FREE and various cryptocurrencies. Known for its built-in exchange and ease of use.



Is It Safe？

Determining the safety of FreeRossDAO (FREE) involves evaluating factors such as project transparency, governance mechanisms, and community trust. While FreeRossDAO operates as a decentralized collective with a clear mission, risks exist, including regulatory uncertainties and market volatility. Investors should conduct thorough research and consider the potential impact of these factors on the project's stability and long-term viability. Participation in FreeRossDAO should be approached with caution, and individuals should assess their risk tolerance and investment objectives before engaging with the project.

How to Earn FreeRossDAO (FREE)？

FreeRossDAO's uniqueness lies in its cause-driven nature. Interested investors interested in earning FREE tokens should, therefore, align with the cause of freeing Ross Ulbricht. That's because the primary objective of FreeRossDAO is not just the financial benefits but also the advocacy.

Outside of directly buying FREE tokens, it is also worth looking into any potential rewards, bounties, or air-drop programs the FreeRossDAO might offer. These are common methods used by new projects to increase their user base and token distribution.

Conclusion

FreeRossDAO (FREE), as a unique cryptocurrency, represents one of the first attempts to combine digital currency and socio-political advocacy. It operates as a Decentralized Autonomous Organization (DAO) on the Ethereum blockchain, granting token holders voting rights on project decisions. Its primary mission is to fund efforts aimed at freeing Ross Ulbricht, the founder of Silk Road, which inherently links the project to legal developments and public perception.

In terms of development prospects, FREE could potentially shape discussions and reforms in cryptographic technology legislation due to its close ties with this area. Its continued existence heavily depends on the progress and outcomes of the campaign for Ross Ulbricht.

As for monetary prospects, like any cryptocurrency, FREE's value is influenced by market forces and can either depreciate or appreciate. Furthermore, its ties to a specific and controversial cause could result in significant volatility and risk.

FAQs

Q: What is FreeRossDAO (FREE)？

A: FreeRossDAO (FREE) is a decentralized autonomous organization (DAO) formed to support Ross Ulbricht and protest against injustices in the American prison system.

Q: What differentiates FreeRossDAO (FREE) from other cryptocurrencies？

A: FREE is unique due to its socio-political advocacy focus, aiming to impact legal reforms pertaining to cryptographic technologies, rather than primarily financial or investment objectives.

Q: Which wallets are compatible with FreeRossDAO (FREE)？

A: The token can be stored in MetaMask and Trust Wallet.

Q: Are there specific exchanges where I can purchase FreeRossDAO (FREE)？

A: Currently, the token can be purchased on MEXC, DigiFinex, Uniswap.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.