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FreeCode ($FREECODE) - Open Source Funding Token

0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3 Updated June 4, 2026

Overview

FreeCode ($FREECODE) is an ERC-20 token on Base representing Free Code Fund, a crypto-native funding mechanism for open source software. The project pays engineers in USDC for merged pull requests and signed commits, with a research focus on AI agentic systems and open-source infrastructure[1].

Deployed May 27, 2026 via Bankr by @paoloanzn, the token launched as the public representation of the fund's mission — to finance open source software with "verifiable work, not roadmaps"[1][2].

Key Stats:

  • Chain: Base (8453)
  • Address: 0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3
  • Supply: 100B tokens (fixed cap)
  • Holders: 836
  • Price: $0.0000067 (as of June 4, 2026)
  • Market Cap: $673,914

Mission

Free Code Fund finances open source software through direct USDC payments for shipped work. The stated model: engineers ship code via merged PRs, receive USDC proportional to impact. No equity, no token launches required[1].

Focus Areas:

1. AI Agentic Research — primary focus (agents, eval harnesses, tool-use scaffolding, tracing, sandboxing)

2. Open Source Infrastructure — critical libraries, dev tools, protocol clients

3. Independent Builders — per-PR payouts for solo/small-team engineers shipping in public

The token represents the fund itself, structured as "an index of the open-source projects it finances, like a sector ETF represents its constituents"[1].

Development Status

As of June 2026, the project is at thesis stage[1]. The website states: "The repository indexer, verification pipeline, and public dashboard are in design. We are showing where we are heading, not what we have shipped."

Planned Mechanics:

  • Public roster of underwritten repositories with per-repo scope definitions
  • Verification pipeline: merged PRs checked against scope, signed commits required
  • Human + automated review for diffs above threshold
  • Disputed payouts reviewed by committee
  • Holder voting on project selection via public leaderboard

Founder @paoloanzn reported on June 1-2, 2026: "talking with many developers of amazing open source projects... making progress behind the scenes... can't wait to announce our first official funded projects"[3][4].

Token Design

Deployed via Bankr token factory, FreeCode uses a custom ERC-20 contract with voting, inflation, and vesting features[5].

Contract Functions:

  • Standard ERC-20 + ERC-20Votes (delegation, governance)
  • mintInflation() — allows annual inflation minting
  • burn() — token holder burn capability
  • lockPool() — liquidity locking mechanism
  • release() — vesting release function
  • computeAvailableVestedAmount() — vesting calculations
Parameters:
  • Yearly mint rate: 2% (0.02 as basis points)[6]
  • Vesting duration: 0 (no vesting on initial distribution)[6]
  • Vesting start: 1774981275 (Unix timestamp)
  • Pool locked: pool address set to 0xdeaD...dEaD (dead address)[6]
  • Pool unlock status: false (locked)[6]

The contract owner is 0x660eAaEdEBc968f8f3694354FA8EC0b4c5Ba8D12, the Airlock factory from Ohara's launch system[6].

Launch Context

Token launched with GitHub repo connection: free-code (https://github.com/freecodexyz/free-code), an open-source fork of Claude Code with telemetry stripped, security guardrails removed, and experimental features enabled[2][7].

The GitHub repo was announced March 31, 2026 by @paoloanzn: "say hello to free-code — claude code source code fully recompiled, telemetry stripped, security guardrails prompts stripped, all working experimental features enabled"[2]. The repo gained 8.4k stars before being archived April 30, 2026[8].

Metadata (IPFS):[9]

  • Launch provider: "bankr"
  • Original tweet: https://x.com/paoloanzn/status/2039022418698907949
  • GitHub link: https://github.com/paoloanzn/free-code
  • Description: "Deployed using Bankr"

Holder Distribution

Top holders (as of June 4, 2026):

1. 0x498581fF718922c3f8e6A244956aF099B2652b2b — 16.76B (16.8%) — Uniswap V4 PoolManager

2. 0x5d92f5d2519189a32511869afd4df1a48d1dc1cb — 2.69B (2.7%) — no vesting data, unknown wallet

3. 0x5b8ff8b65d133543d1cb45bae4a55605c6f62f2d — 2.26B (2.3%)

4. 0x4b67526dbab4b09013c330031f0aa1d7f3241dbb — 2.25B (2.3%)

5. 0x69326e48f68500fb6cf3b3a7da640737b9cc347b — 2.25B (2.3%)

Largest holder is the Uniswap V4 pool (0x498...2b2b), functioning as primary DEX liquidity.

Integrator address: 0xF60633D02690e2A15A54AB919925F3d038Df163e (65 Interface followers, no visible social accounts)[10].

Social Presence

  • Twitter: @freecodexyz — 265 followers, created May 27, 2026[11]
  • Website: https://freecodefund.xyz[1]
  • GitHub: https://github.com/freecodexyz (organization)[8]
  • Telegram: https://t.me/freecodebase[1]

Twitter activity minimal — 3 tweets total, primary announcement June 1: "Beginning of a new era"[12].

Community discussion on Twitter shows mixed sentiment, with supporters praising chart resilience during BTC pullback and critics questioning execution[13].

  • Website: https://freecodefund.xyz
  • Contract: https://basescan.org/address/0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3
  • GitHub: https://github.com/freecodexyz
  • Twitter: https://x.com/freecodexyz
  • Telegram: https://t.me/freecodebase

Contracts

| Chain | Address | Type | Purpose | Notes |

|-------|---------|------|---------|-------|

| Base | 0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3 | ERC-20 + Votes | Main token | 2% yearly inflation, locked liquidity |

| Base | 0x498581fF718922c3f8e6A244956aF099B2652b2b | Uniswap V4 PoolManager | Primary liquidity | Holds 16.8% supply |

| Base | 0x660eAaEdEBc968f8f3694354FA8EC0b4c5Ba8D12 | Airlock Factory | Contract owner | Ohara's token launch factory |

| Base | 0xBDF938149ac6a781F94FAa0ed45E6A0e984c6544 | Pool Initializer | Launch hook | Ohara pool initialization contract |

| Base | 0x6ddfED58D238Ca3195E49d8ac3d4cEa6386E5C33 | Liquidity Migrator | Migration logic | Handles pool migrations |

Affiliated Addresses

| Address | Role | Evidence |

|---------|------|----------|

| 0xF60633D02690e2A15A54AB919925F3d038Df163e | Integrator | Listed in Airlock factory data for this token[10] |

| 0x5d92f5d2519189a32511869afd4df1a48d1dc1cb | Large holder (2.7%) | Second largest holder, no vesting schedule[6] |

Notes

  • Pre-launch stage: Website explicitly states "thesis stage... showing where we are heading, not what we have shipped"[1]. No working payout system exists yet as of June 2026.
  • GitHub archive: The connected free-code repository was archived April 30, 2026, one month after launch announcement[8]. Unclear if archived due to project pivot or legal concerns.
  • Launch mechanism: Deployed through Bankr launchpad and uses Airlock factory as owner, similar to Ohara app coin pattern.
  • No team vesting: Vesting duration set to 0, no addresses show vesting schedules[6].
  • Locked liquidity: Pool address set to dead address (0xdeaD...dEaD), pool unlock flag is false[6].
  • Founder background: @paoloanzn has 23.9K Twitter followers, verified (blue check), bio lists "founder @freecodexyz"[14].
  • Community skepticism: Some Twitter discussion questions whether project will execute or remains vaporware[13].

Sources

[1] https://freecodefund.xyz [2] https://x.com/paoloanzn/status/2039022418698907949 [3] https://x.com/paoloanzn/status/2061569318165295338 [4] https://x.com/paoloanzn/status/2061865598611497453 [5] eip155:8453:0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3 [6] eip155:8453/erc20:0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3 [7] https://github.com/freecodexyz/free-code [8] https://github.com/freecodexyz/free-code [9] https://ipfs.io/ipfs/bafkreifkvhgxeymk6tqck236lusrwu2icm6wytpilwrdyqew2o6sab2w3i [10] eip155:8453:0x660eAaEdEBc968f8f3694354FA8EC0b4c5Ba8D12 [11] https://x.com/freecodexyz [12] https://x.com/freecodexyz/status/2061473541422223738 [13] https://x.com/search?q=freecodexyz [14] https://x.com/paoloanzn

References

  1. https://freecodefund.xyz
  2. https://x.com/paoloanzn/status/2039022418698907949
  3. https://x.com/paoloanzn/status/2061569318165295338
  4. https://x.com/paoloanzn/status/2061865598611497453
  5. eip155:8453:0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3
  6. eip155:8453/erc20:0x67a7ca081dc79b45fd1fa059cd3b8dcca779aba3
  7. https://github.com/freecodexyz/free-code
  8. https://github.com/freecodexyz/free-code
  9. https://ipfs.io/ipfs/bafkreifkvhgxeymk6tqck236lusrwu2icm6wyt...
  10. eip155:8453:0x660eAaEdEBc968f8f3694354FA8EC0b4c5Ba8D12
  11. https://x.com/freecodexyz
  12. https://x.com/freecodexyz/status/2061473541422223738
  13. https://x.com/search?q=freecodexyz
  14. https://x.com/paoloanzn