FLUZCOIN – The Intelligent Retail Currency
In a world of blockchain technological advancement, lots of cryptocurrencies have been developed for transactions within an ecosystem and many people are making real-time money. Perhaps, you may want to invest into any of these cryptocurrencies. You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. Let me introduce you to this incredible project by Fluz team The FLUZCOIN which is an intelligent Retail currency, enabled by an algorithmic central bank and revolutionary appreciation paths, 100% KYC compliant and with zero transaction costs, which is set to play an important role in crypto retail mass adoption.
Fluzcoin’s Artificial Intelligence (AI) algorithm, EUNOMIA, overcomes crypto-economic volatility with real-time, computer-aided market corrections to the Fluzcoin supply and demand.
The value generated by minting new Fluzcoins 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 is deliberately configured as technologyagnostic. 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 a 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 introduced above.
But Fluzcoin offers consumers more than covering these basic needs; three USPs stand out:
Fluzcoin combines the convenience and traceability for personal reports and for rewards of digital payment methods with the anonymity of physical cash. The consumer can choose who can see how much of their profile and history.
Fluzcoin offers consumers the opportunity to build wealth by investing into and holding Fluzcoin with its unique appreciation path.
In stark contrast to rewards programmes of credit card companies or airlines whose rewards oftentimes expire after a certain lapse of time, rewards issued in Fluzcoin appreciate according to mechanisms outlined above.
Fluzcoin POS payment flow
Consumer is equipped with free app that is Fluzcoin wallet as well as additional features, for example tracking of free coins distributed to Fluzcoin holders, search of nearby stores accepting Fluzcoin and providing special deal redeemable for Fluzcoin only.A merchant is displaying the total amount of the cart on a conventional cash-desk screen along with conversion into Fluzcoin amount.
Payment invitation is presented by a scannable QR code, which might be unique for each transaction (or come from a pool of reusable addresses).A user acceptance of the payment is embedded into scanning action – once the QR code is scanned, transaction is fired.
Fluzcoin, patent pending intelligent retail currency
• Pump & Dump resilient retail coin
• Non-speculative by design
• Algorithmic market interventions
The Fluzcoin artificial intelligence (AI) stabilization algorithm will constantly adjust to deliver a smooth appreciation path, thus eliminating speculative volatility that so much affects cryptocurrencies and deters confidence in these.Through machine learning algorithms, coin bond issuances and Fluzcoin holder dividends, Fluzcoin aims to provide the confidence needed for wide acceptance as a medium of exchange and furthermore, a store of value.
Privacy enabling algorithm protecting purchase history:
Blockchains are transparent, but retail coin users want their purchase history hidden, while enabling blockchain transparency for their balance of coins.Fluzcoin builds on SNARK algorithm allowing to store proof of transaction without exposing the transaction itself.
Proof of concept is LIVE ! A retail platform coin is rising:
Proof of Concept is LIVE – the system is built on Hyperledger Fabric and able to uphold daily transactions of up to 1,000,000,000 retail customers wordwide.Further research and blockchain technology advancement will increase this figure to bring retail coin to the global market.
3,223,000,000 Fluzcoins shall be created for the initial ICO.
65,78% : of coins are sold.
34,22%: are distributed as follows.
3,29% : Team and Advisor Coins
3,29%: FluzFluz Network Reward Coins Drawing Right
6,30%: Fluz Coins Ltd
9,31%: ICO Bounty Marketing+Post-ICO Merchant Incentive Coins and Consumer Airdrops
12,04%: Bonus Coins for ICO participants
Use of funds
10%: IT development and monitoring
7%: Admin overhead
10%: Fluzcoin Reserve
20%: commercial retailer onboarding
TEAM BEHIND THIS INCREADIBLE PROJECT
STEFAN KRAUTWALD Commercial Director
DAVID ROSENBLATT Corporate Development Director
ANTONS SAPRIKO IT Director | Scandiweb
CEOGLEBS VREVSKY Marketing Director
ULDIS BAUMERTS Product Coordinator
DAVID M. LEIBOWITZ Japan Manager
DAVIS KRIKAUSKIS Delivery Manager
AIGARS PAVLOVICS Head of Operations
Raghavendra SrinivasanFlorian BurkartRuchika Kumar
Andreas Antrup Council MemberVikram Nagrani Council MemberJosé Abbo Council MemberKarl Karlsson Council Member
ACTIVE BOARD ADVISORS
Maurice HararyLars RydströmKeith TeareKarl KarlssonAnil Benard-DendeJosé RuizDr. Sebastian FournéDavid AdelmanIsaac LevyAlberto Tarazi.
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