Frankencoin (ZCHF) is a digital currency that maintains a stable 1:1 value with the Swiss franc.

How does Frankencoin work?

Frankencoin operates on blockchain infrastructure, ensuring transparency and tracking the Swiss franc at a 1:1 ratio.

What are the technical features of Frankencoin?

Frankencoin allows users to buy ZCHF with bank transfers at 0% fees and provides a digital wallet for managing Swiss franc stablecoin holdings.

What risks are associated with using Frankencoin?

Digital asset prices can be volatile, and users should verify contract addresses and custody methods to mitigate risks.

Where can I find official resources for Frankencoin?

Official resources for Frankencoin can be found on its website and GitHub repository.

What are the use cases for Frankencoin?

Frankencoin can be used for retail payments at Spar stores and supports payments through a digital wallet and card.

Frankencoin (ZCHF)

Rank #382

Market snapshot

Price: $1.25
Market cap: $42.8M
24h volume: $556,012.27
Circulating supply: 34,189,588.3834
Total supply: 34,189,588.3834
Max supply: N/A

What is Frankencoin?

Frankencoin (ZCHF) is a stablecoin that aims to maintain a consistent value relative to the Swiss franc. This digital currency is built to provide users with means of transacting in a digital format while ensuring that its value remains stable against a traditional fiat currency.

How Frankencoin works

Frankencoin operates on blockchain infrastructure, ensuring transparency and openness. It combines the stability of the Swiss franc with the benefits of blockchain technology. The currency tracks the Swiss franc at a 1:1 ratio, and all reserves and system parameters are publicly verifiable on the blockchain.

Key information

Symbol: ZCHF
CMC rank: #382
Network / platforms: Arbitrum, Avalanche C-Chain, Base, Ethereum
Categories: N/A
Date added: May 23, 2024

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0xb33c4255938de7a6ec1200d397b2b2f329397f9b
Avalanche C-Chain
0xD4dD9e2F021BB459D5A5f6c24C12fE09c5D45553
Base
0xD4dD9e2F021BB459D5A5f6c24C12fE09c5D45553

Key characteristics

Frankencoin features a decentralized representation of the Swiss franc on the blockchain. It allows users to buy ZCHF with bank transfers at 0% fees and pay QR bills using their digital Swiss francs. Additionally, users can manage their holdings through a digital wallet that supports spending ZCHF globally.

Documented uses

Frankencoin can be used for retail payments at Spar stores across Switzerland, allowing customers to pay directly with ZCHF. It also supports payments through a digital wallet and card, enabling users to earn cashback on everyday purchases while keeping their balance in Swiss francs until spent.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Frankencoin?: Frankencoin (ZCHF) is a digital currency that maintains a stable 1:1 value with the Swiss franc.
How does Frankencoin work?: Frankencoin operates on blockchain infrastructure, ensuring transparency and tracking the Swiss franc at a 1:1 ratio.
What are the technical features of Frankencoin?: Frankencoin allows users to buy ZCHF with bank transfers at 0% fees and provides a digital wallet for managing Swiss franc stablecoin holdings.
What risks are associated with using Frankencoin?: Digital asset prices can be volatile, and users should verify contract addresses and custody methods to mitigate risks.
Where can I find official resources for Frankencoin?: Official resources for Frankencoin can be found on its website and GitHub repository.
What are the use cases for Frankencoin?: Frankencoin can be used for retail payments at Spar stores and supports payments through a digital wallet and card.

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