FairCoin (FAIR) is a digital currency powered by a coordinated grassroots campaign. It is a global currency that is stable and democratic. FairCoin network implements an innovative ecological blockchain mechanism based on the PoC (proof-of-cooperation) algorithm. In PoC consensus, the power consumption is negligible compared to the power consumed in other blockchain mechanisms.

According to the website, FairCoin is a blockchain technology that seeks to solve the problem of energy consumption. Many blockchain mechanisms face the energy consumption issue while creating a new block. This platform intends to solve this problem by introducing the FairCoin PoC (Proof-of-Cooperation) mechanism that requires less energy, allows fast and safe transactions, and assures smooth operations.

FAIR is the native token of the FairCoin network. The token holders can utilize this token in;keeping value in a wallet, purchasing goods and services, and exchanging traditional money. Further, the mission of the FairCoin platform is to create an innovative international economic system where cooperation, solidarity, and transparency are the critical factors with justice for everyone.

According to the website of FairCoin, fifty million FairCoin tokens were initially distributed by an "airdrop" in March 2014. The airdrop allowed individuals to claim one thousand FAIR per hour. With the incorporated PoW (Proof-of-Work) and PoS (Proof-of-Stake) mechanism, additional fifty thousand FairCoins per month have been allocated to different minters until July 17th, 2017, as a reward using Faircoin wallets. Minting means verifying information, making a new block, and recording that information into the blockchain. The maximum supply and total supply of FAIR tokens are 53,193,831.47 FAIR.