After installing the FYD wallet and syncing to the network you are ready to send and receive FYD anywhere in the world. No registration, no creditcard details, no fees or hidden costs.
FYDcoin transactions are processed by FYDcoin miners. When a miner is selected to verify the transaction, they are rewarded with a blockreward.
All you need to start mining FYDcoin is a regular PC/Laptop or Macbook with a stable internet connection and at least 1,000 FYD in your FYDcoin wallet.
FYD can be traded for Bitcoin 24/7 on online exchanges such as Crex24. The price of FYDcoin is determined by supply and demand, and the price movement of Bitcoin.
Every year the daily amount of FYD that can be mined is reduced by 50% in an automated event called the FYD halving.
FYD also has a finite supply; there will only ever be 650M FYD.