Greetings Community, In this new post I will introduce about FOOOZ TOKEN project, and for more details let's just go to the following discussion:
Introduction:
FOOOZ is the first ''ERC20'' intelligent tokenizing smart contract on the centralized trusted network, that mean to establish stable digital currency secured by powerful expanding collateral resources secures in a public wallet.
EXECUTIVE SUMMARY
''FOOOZ TOKEN'' is helping to introduce a stabilize coin in a volatile cryptocurrency market to solve the problem of rise and fall of coin price in the marketcap; this will help to make coin good enough for everyone to use by deploying a back up by collateral asset coin business model. This can not be done only decentralized method to take away price volatility but enabling gradual increase in coin value by continues depositing of mined coin in coins public wallet, this will limit the released of the amount of tokens in the market. This project has come to encourage investors to take FOOOZ token by distributing bonus coin in every pre-set after ICO sale mining profit among them. FOOOZ is creating an increasing demand to rise the value of coin on trade market; to gain an income make an investment start from now in FOOOZ TOKEN.
ICO DETAILS
Token ICO Start : On March 31 st 2018 and will be token offered for 60 days
ICO Is Conducted : By FOOOZ CRYPTOCURRENCY & ALTCOIN EXCHANGE LTD
The Offering in public : ICO is public and for everyone except those restricted by law from joing ICOs
Token Issue Volume : Max 613,333,328 million (TOKEN LIMITED TO THAT NO.)
Non Distributed Tokens : Shall be save in smart contract foe pre-set after sale offer (P.A.S.O)
Token Price At Issue : 25 USD
Distribution** 75% token founder team ** 4% bounty program ** 1% pre-ICO
Accepted Form Of Payment BTC, ETH, credit card
INCOME DISTRIBUTION
FOOOZ TOKEN grant token holders to receive 100% of the earning of operating mining farm; where:
- 25% of paid out of investors in a regular basis
- 50% invested in boosting hash power to increase future payouts and erupted coins
- 25% save as a secure collateral cover FOOOZ token value in the trade market.
PROBLEM
The operating principles specific to cryptocurrencies sometimes make the problems more likely to occur, and thus more disturbing. In addition, the same principles are responsible for a certain number of risks unique to cryptocurrencies. Some problem in cryptocurrency;
Pump and Dump
There are literally thousands of people being duped by Pump and Dump groups every day.
Pump and Dump campaigns are designed to increase the price of a low volume cryptocurrencies and tokens in a matter of seconds and to create “buy” positions at certain price points which then the organizer of the Pump and Dump will use to exit their position, leaving everyone else with a few worthless coins asset.
Price Manipulation
Another problem is price manipulation thus “buy walls” and “sell walls” done by a handful of individuals with massive holdings, simply known as “whales”. If you heard that cryptocurrency markets are volatile — this is the number one reason why.
Hardware Price Rise
Accompanied with increasing difficulties, miners need more powerful hardware to accommodate for this change. This is why CPU, GPU Bitcoin mining is obsolete once ASIC hardware was created by manufacturers.
▹ With coins’ price rising and shifting miners to ASIC and GT 1080 cards, hardware made a 100% increase in prices over year 2017 and expected increase in price will continue to happen over the coming few years too
BUSINESS MODELS
Guaranteed returns:
25% of mining rewards will be distributed to coin holders , and with set system of reinvestment 50% of the mining productions in mining activities combined with the rise of the coins price in the market , the distributed
return will increase time after time.
Lower risk
The nature of the coin means that investors will not expose their investments to a single coin , rather that investing in less risk raising value top 10 coins combined with physical gold cover.
Increase in value
Holders will benefit from bonus coins distributed on every event of Pre-set After Sale Offer to token holders, also the collateral assets cover the coin and the distributed 25% of mining returns among the investors, will make FOOOZ a
preferable coin to keep and, creates a high demand that will increase its value in the market fast.
ROADMAP
MARKET REVIEW
[]“Bitcoin Price Will Surpass $100,000 per Bitcoin” (Forbes)
▹“Technological advancements and new investor products could push bitcoin to $50,000 in 2018” (CNBC)
▹“Cameron Winklevoss Says Bitcoin Will Go 20 Times Higher” (Time)
All coins predictions are allocated through this following links:
https://www.forbes.com/sites/lawrencewintermeyer/2018/01/07/my-2018-crypto-predictions/#774152e6b718
https://www.express.co.uk/finance/city/920930/Cryptocurrency-price-prediction-2018-Ripple-Bitcoin-Ethereum-hit-new-record-high
https://www.finder.com/uk/cryptocurrency-predictions[]
For More Details Visit:
Website: www.foooz.com
White Paper: https://foooz.com/white-paper/mobile/index.html
Published By: Kwame Genius
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1792380
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