FIMK

FIMK (FIMKrypto) is a notably early blockchain platform designed for establishing a national cryptocurrency and payment system in Finland, developed by the non-profit Krypto Fin ry and launched on July 2nd, 2014. It represents a 2nd generation cryptocurrency initiative focusing on rendering a suite of services including secure, fast transactions, a decentralized asset exchange, encrypted messaging, and an alias system, all tailored to enhance daily microtransactions without fees. It positions itself in the web3 and blockchain ecosystem with a distinct focus on broadening blockchain's usability beyond financial transactions. A key feature of FIMK is its emphasis on community engagement through the innovative distribution of cryptocurrency dividends, acting as an experimental universal basic income for Finnish citizens enrolled in the service. At its inception, 333.14 million FIMK were allocated to 416 donors proportionally, with an additional 666.86 million FIMK earmarked for release via block rewards and basic income programs over a 4-6 year period. This makes FIMK a pioneering project in blending technological innovation with social empowerment, aiming for nationwide blockchai...