Hello everyone, here I will introduce about the world's first Retail currency and to find out more, here's the explanation:
FLUZCOIN is a Smart Retail Currency and Fluzcoin is targeting $ 23 Trillion Markets, activated by the algorithmic central bank and revolutionary appreciation path, 100% KYC compliant and with zero transaction costs, set to play an important role in crypto mass adoption.
Fluzcoin usage in online Commerce, web and mobile payments
Fluzcoin team will provide integration framework and ready-made extensions to be integrated with popular eCommerce platforms such as Magento, Hybris, Salesforce Commerce Cloud (ex-DemandWare), Shopify, BigCommerce, PrestaShop, WooCommerce and other.
There can be two types of integrations owing to blockchain nature of the coin - first, traditional, centralised like a PayPal or other crypto currency extensions, which centrally store merchants funds after receiving them from consumers and then can move or exchange them into other assets on merchant’s request.
Mechanics
Blockchain as a technology underpinning affordances necessary to fulfill the goals of a coin powering retail transactions.
The technology needs to support:
Zero-fee transactions for consumers
Privacy for consumers - consumers do not want others to see what they are buying
Independence for merchants
KYC enablement - consumer wallets need to be upgradeable by KYC to facilitate regulatory concerns of banks and servicing merchants
Trust in the records of the distributed ledger for consumers and merchants
Tradeability - the coin should be easily exchangeable into crypto assets on exchanges
High transaction speed
High throughput - retail is operating under load compared to conventional blockchain transactions. The transactions per second (TPS) threshold should be comfortably running at at least 250 TPS in the 1st project phase.
Scalability in terms of a large blockchain file and its indexing. Blockchains do not store “balances” of coins, but calculate incoming and outgoing transactions on the fly, so in addition to the main ledger file there is also an “index” maintained to facilitate fast operations. Under the scenario of a successful coin roll out, the file might easily grow
to Terabytes and such growth needs to be accommodated without a degradation in performance.
The ICO
With a specific end goal to build up Fluzcoin, Fluzcoin Global Inc will embrace an agreeable ICO. The returns of the ICO will be utilized to design the innovation and to participate in noteworthy showcasing endeavors. Despite the fact that the coin and idea may be clear and esteem advancing, it is essential to advertise the coin and to amass extra purchaser trust through brand building and the formation of a money related model supported by fluid saves that will pride for the dependability of the coin and the moderation of potential volatility. While the underlying targets will be in centered markets, the vision is to make an autonomous global cash. Retailers are welcome to take part in the ICO and are boosted for early duty. Post-ICO retailers will join in light of current economic situations.
ICO details
3,223,000,000 Fluzcoins shall be created for the initial ICO.
65,78% of coins are sold, 34,22% are distributed as follows:
12,04% Bonus Coins for ICO participants
9,31% ICO Bounty Marketing + Post-ICO Merchant Incentive Coins and Consumer Airdrops
3,29% Team and Advisor Coins
3,29% Fluz Fluz Network Rewards Coins Drawing Right
6,30% Fluz Coin Ltd
Use of ICO funds
Fluzcoin Global Inc plans to use the ICO collected funds in the following manner:
50% marketing
10% IT development and monitoring
3% Legal & Compliance
20% commercial retailer onboarding
7% Admin overhead
10% Fluzcoin Reserve
Roadmap
Nov 2017 - Idea shaping
Jan 2018 - Idea sharpening and preparation
Feb 2018 - Whitepaper & refining and backtesting
Mar 2018 - Start of retailer onboarding
Apr 2018 - Start of private placements via ERC 20 Fluzcoin Token in selected jurisdictions and to selected audience
Apr 2018 - Patent Application
Jul 2018 - EUNOMIA Foundation Representatives Positioning
Aug 2018 - Sep 2018 Fluzcoin Token Replacement by JP Morgan blockchain powered Fluzcoins
Oct 2018 - Trading Start of Fluzcoin with AI coin governance
Q1 2019 - Start as use of payment means at retail
Links:
Website: https://fluzcoin.io/
Whitepaper: https://fluzcoin.io/docs/Fluzcoin_Coin_Sale_Whitepaper.pdf
Facebook: https://www.facebook.com/fluzcoin/
Telegram: https://t.me/joinchat/FaUXnVJkE62Onj6NcXuiPw
Twitter: https://twitter.com/fluzcoin
Medium: https://medium.com/@fluzcoin
Youtube: https://www.youtube.com/channel/UCdK-HoZdmvmC-9bS5TeJT0g
Bitcointalk username: na4e41.02
Email: [email protected]
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1823715