FRAC

"Frac coin" is a new concept coin pegged to the total value of all other coins contained in a public noncustodial wallet with no withdrawal access. The wallet value is determined by deposits and the current market value of those deposited coins at the time of valuation. The value of each FRAC coin at the time of valuation is the total market value of the wallet divided by the total number of coins in circulation - hence, each FRAC represents a fractional of the value of the wallet value. As more coins are deposited into the wallet and the open market price of these coins in the wallet are considered, the value of each FRAC coin is recalculated. That simple.