We need an intelligent, usable and stable currency

mrblueberry(41)

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“Digital currency is going to be a very powerful thing.” — John Donahoe, CEO of eBay Inc.

Indeed, in recent years, we see how Bitcoin and other cryptocurrencies successfully disrupt the financial world. Today, the market cap of these 1,634 digital currencies is over $330 billion. However, two fundamental challenges remain:

(1) Price Volatility

Bitcoin, who dominates about 38.8% of the market share has a volatility index of around 3.5%. That’s almost 8x times more volatile than US dollar. From a currency standpoint, this isn’t ideal. Merchants who accept digital currencies like Bitcoin would potentially expose themselves to the risk of price fluctuation. The $10 payment you received as Bitcoin, might end up being worth less than $1 a few minutes later, or worse — within seconds.

(2) High Transaction Fees & Slow Transaction Time

Speed and fees correlate in a digital currency transaction. If you want to transact fast, you pay more. Pretty straightforward. But how much more are you willing to fork out? If not, how long would you wait over the counter for a transaction to go through?

Visa can handle on average around 1,700 transactions per second (tps). PayPal, in contrast, processed 6.1 billion transactions in 2016, which works out to 193 tps on average.

Today the Bitcoin network is restricted to a sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB. Without a doubt, the bitcoin network is now more congested than ever. Transaction numbers and block sizes are up against their limits and fees have reached unprecedented levels. In Q4 2017, transaction fees on the bitcoin network is already $13 on average. That’s more than 4x times since Q3.

Ethereum, the second largest by market capitalization, is also handling 20 tps at best with about $0.21 fees in Q4 2017. And it’s expected to continue increase because of their network scalability issues.

We need an intelligent, usable and stable currency

This is where Fluzcoin comes in. It solves the problems of speed, cost, compliance and excess volatility, which has the potential for mass adoption in the retail payment landscape.

Fluzcoin uses artificial intelligence to overcome price volatility with real-time, computer-aided market corrections to its supply and demand. Rather than having a fixed supply, it adopts a fluid concept where its supply depends on market demand. This is very ideal in an "on-demand" era where almost everything we subscribe to is demand-oriented.

Nowadays, we've cabs on-demand (Uber), educational course on-demand (Udemy), and many more in this on-demand economy. And we definitely need on-demand currency like Fluzcoin.

You can't always predict what price the digital currency will be tomorrow. You won't always identify the latest news or movements in a fast-moving crypto economy. You might not always foresee the next dip in market confidence. That's why you need someone to keep check and be an "on-demand" business. One that responds fast to changes and is flexible enough to vary its risks, costs and perform necessary corrections. This is EUNOMIA algorithm, which is sufficiently resilient to cope with the unexpected.

The issuance of coins starts at the ICO and then on a continuous basis. Holders of Fluzcoin get new coins automatically issued into their wallets in proportion to their holdings. The higher the market cap of Fluzcoin, the more you receive. These are paid at frequent intervals (more frequent than monthly) and the rate is set by the EUNOMIA Foundation.

The EUNOMIA Foundation also issues new Fluzcoin to the market in exchange for other currencies. This is to enable the Foundation to cover the running costs of operations of the ecosystem as well as to maintain and grow the Fluzcoin Reserve.

In this case, the price is controlled and stabilized. And at the same time, existing Fluzcoin owners also benefit by having more coins issued to their holdings. This effect is similar to printing of new money in fiat currencies where it creates an inflationary pressure on prices. But with a crucial difference: the gains from creating new Fluzcoin are handed directly to the holders of Fluzcoin and therefore there is no erosion of purchasing power due to this sort of inflation.

…but why Fluzcoin?

Personally, I love the concept of EUNOMIA, Fluzcoins AI algorithm for solving price volatility. The idea of making demand-oriented fluid supply is brilliant. It not only keeps the price stable (by moving the supply curve along with demand), but also rewards existing holders of the currency. This is the missing piece in our existing volatile crypto market.

Apart from that, several merchants have also registered interest for Fluzcoin. This includes big names like Amazon, eBay, and Uber.

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Fluzcoin promises at least 250 tps in the 1st project phase with zero transaction fees, which is ideal if compared to conventional blockchain transactions. Besides, Fluzcoin also comes with corporate wallets that will provide merchants with the necessary accounting input to reconcile Fluzcoin payments.

The team will also 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 and WuCommerce.

In future, the team might also consider opening the Fluzcoin infrastructure to developers of retailers and other merchants to build retail currencies of their own. Merchants can then create and launch their own loyalty coins pegged to Fluzcoin and fully convertible to Fluzcoin.

Put simply, if you’re a merchant, Fluzcoin has got you all covered. Here’s a prelude of its POS payment flow:

And so we wait…

Zero transaction fees is tempting, especially when many digital currencies are predicted to have increasing fees. For consumers around the world, Fluzcoin is what we need to bring cryptocurrencies to the next level of every day usage. With the privacy feature provided by Fluzcoin, which hashes transactions with Zsnarks, we’re ensured a base layer of anonymity in our purchases. Merchants also have an easy onboarding process.

Soon, hopefully very soon, we can use digital currencies to pay a cup of coffee in a Fluzcoin-powered cafe across the street. This time, we won’t have to wait. More certainly, we won't have to pay more. Fluzcoin, the intelligent retail currency of the future.