FoldingCoin that helps battle diseases has announced to reward volunteers for contributing to the initiative through bitcoin blockchain technology and ready to start the merged folding  platform.​

The FoldingCoin platform has been designed to allow other Counterparty (XCP based) tokens to be distributed on its system. Merged folding enables other Counterparty tokens to distribute to the Folding user base with their own token. The company plans to award a $1,500 bounty to a PHP developer and will distribute 100 million FLDC to volunteers.

FoldingCoin (FLDC) helps in battling diseases like cancer and Alzheimer by contributing to the Stanford’s Folding@Home network. FLDC is a token that rewards volunteers and this new currency can be transferred from person to person using the Bitcoin blockchain and the counterparty protocol.​

“Volunteers will now be paid in FLDC for their work to help further the mission of FoldingCoin. Of the 1 billion FLDC in existence, 100 million of those are assigned to be distributed to those that help the FoldingCoin team with tasks such as social media, forum administration among others,” the statement said.

According to the official release on Sunday during a board meeting, the FLDC and merged folding participants will be paid for their previous month’s contribution before the monthly public meetings each first Sunday of every month. One of the main reasons for paying monthly is the bitcoin price due to which distributions are expensive. To track the next distribution, the website has a countdown timer.

FoldingCoin also invited interested developers to join its team due to the dire need to bring the calculation server to next level. “If any developers are interested in joining the FoldingCoin team to complete this (requirement), the director Robert Ross is putting up $1,500 (payable via bitcoin or PayPal) of his own money upon completing the work,” the statement read.