An Overview of the Fluzcoin Platform:
Introduction:
Fluzcoin as an independent retail coin structured in computer-aided management, addressing issues of speed, cost, compliance and excess fluctuations; Open up a real retail currency ready for mass acceptance. Fluzcoin's artificial intelligence algorithm, EUNOMIA, overcame the crypto-economic fluctuations with real-time market, powered the Fluzcoin supply and demand computer.
The value generated by minting new Fluzcoin is maximized by Fluzcoin holders in the form of dividends; meaning the accumulation of Fluzcoin, results in an appreciation path similar to traditional Cryptocurrencies even though the value of an individual Fluzcoin may never skyrocket.
Fluzcoin’s computer-governed economy results in a transparent and predictable fluctuation path, compared to FIAT and crypto-currencies. Fluzcoin’s clever, patent-pending (United States patent application pending 62/648,206) coin minting rationale creates additional value without the need for energy intensive crypto-mining infrastructure. Artificial intelligence artificial intelligence (AI) algorithm Fluzcoin will continue to adjust to provide a smooth path of appreciation, eliminating the speculative volatility that so much affects Cryptocurrency and hinders this belief. Through the machine learning algorithm, the issuance of Fluzcoin coin bonds and dividends, Fluzcoin aims to provide the necessary confidence for wide acceptance as a medium of exchange and furthermore, store of value.
The system is built on hyper ledger Fabric and is able to uphold daily transactions of up to 1,000,000,000 retail customers worldwide. Further research and advances in Blockchain technology will increase this figure to bring retail coins to the global market.
FLUZCOIN PROTOCOL-REASONS TO SUCCEED:
THREE USPS STAND OUT:
FLUZCOIN TECHNOLOGY:
Fluzcoin is deliberately configured as technology agnostic. For the start it has chosen JP Morgan Quorum forked from Ethereum, in a version customized for institutional needs. The adoption of a validated solution, JP Morgan Quorum last
generation permission based Blockchain, enables high throughput as well as data privacy. Fluzcoin will also provide its own wallet to store, sell, buy and pay with Fluzcoin at retail through practical QR code scanning. Corporate Fluzcoin wallets will provide merchants with the necessary accounting input to reconcile Fluzcoin payments.
MARKET PARTICIPANTS:
First and foremost, Fluzcoin is a retail coin. It is designed with the use in everyday retail transactions in mind, both from the point of view of the merchant and of the consumer. We go through the needs in turn. The joint need of merchant and consumer is one of a rather stable and reliable currency whose appreciation path is reasonably smooth. This need is fulfilled by work of the Fluzcoin steering mechanisms and the Fluzcoin Algorithm.
• The direct needs of the merchant are simple: he wants to spend as little as possible on receiving payments for transactions, he wants as few defaults as possible, he wants immediate availability of funds and he wants to be compliant with the law.
• Building on the immutability of Blockchain systems, Fluzcoin is default risk free.
• Consumers can upgrade their wallets on the Fluzcoin ledger through identification services that we connect to. Merchants in turn can define business rules that decide which transactions if any require the consumer to have a verified account according to know-your-customer (K-Y-C).
• Transaction costs are fully covered by EUNOMIA Foundation; see the financing section below for details. And payment transaction costs are a substantial cost line in most retail transactions: where retail margins are thin they can be as high as the margin itself; and for small merchants with low transaction values, such as the archetypal coffee shop on the corner, they can be a big burden as they come often not only as a percentage of sales but with a mixed fixed and variable fee.
• Data Economy and Data Network Effects, The direct needs of the consumer are similarly simple: ease of use, ease of converting other currency intro and out of Fluzcoin. All these needs will be met by adopting state of the art technology.
THE EUNOMIA FOUNDATION:
The governance of Fluzcoin coin will be conducted through a newly established and fully independent EUNOMIA Foundation. EUNOMIA foundation human councilors have limited decision making power over the AI-based coin management protocol, and will ultimately be elected by the majority of Fluzcoin holders. Fluzcoin is issued, and the Fluzcoin Reserve is held by EUNOMIA, a name adopted from Greek mythology where EUNOMIA was the goddess of good order and lawful conduct. She was associated with the internal stability of a state, including the enactment of good laws and the maintenance of civil order. The EUNOMIA Foundation is also responsible for maintaining the Fluzcoin Algorithm operations and the Fluzcoin Blockchain. Its costs are paid out of several streams of income:
The Fluzcoin Reserve is invested in exchange-traded funds (ETFs) with a passive investment strategy that EUNOMIA Foundation will select from respected and well-known ETF issuers. The fund selection strategy will be modeled on the investment philosophy of central banks and sovereign wealth funds. Investment will automatically be rebalanced by algorithmic steering in the case of foreign exchange or other shocks where the basket of ETFs reflects the exposure to the geographical markets of the participating merchants, weighted by their transaction volume. Thus, decision-making is conducted by algorithmic, auto enforced rules in the handling of the Fluzcoin reserves and maintains the valuation stability for Fluzcoin users at both the merchant and consumer end.
ICO TOKEN INFORMATION:
Post-ICO retailers will join based on current market conditions. For the initial ICO 3,223,000,000 ERC 20 tokens of Fluzcoin will be created 65.78% of the coins are planned to be sold with the remaining 34.22%
TOKEN DISTRIBUTION:
Bonus Coins for ICO participants: 12.4%
ICO marketing and Post-ICO merchant incentive coins and consumer Airdrops: 9.31%
Team and Advisor Coins: 3.29%
Fluzcoin Network Rewards Coins Drawing Right: 3.29%
Fluzcoin Global, INC: 6.30%
TOKEN ALLOCATION:
Marketing: 50%
IT development and monitoring: 10%
Legal and compliance: 3%
Commercial retailer on boarding: 20%
Admin overhead: 7%
Reserve sent to the Fluzcoin Foundation
ROAD-MAP:
TEAM:
ADVISORS:
PARTNERS:
For More Information Please Kindly Visit The Links Below:
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
Reddit: https://www.reddit.com/r/fluzcoin/
Author’s Details:
Bitcointalk Username: Dtotti78
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031
My Ether Wallet Address: 0xB03B27f2f725637249977581F0128Ac5cC6A12f7
