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.
What is FluzCoin?
What is FluzCoin?
Fluzcoin, as an independent retail coin structured in computer-aided governance, solves the problems of speed, cost, compliance and excess volatility; ushering in a true retail coin ready for 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.
- Technology
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.
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
-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
-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.
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.
Fluzcoin Token are created at the ICO and on a continuous basis after that through issuance to the holders of Fluzcoin.
ICO SETUP
3,223,000,000 Fluzcoins shall be created for the initial ICO.
65,78% => of coins are sold.
34,22% => are distributed as follows.
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
Use of funds
50% => marketing
3% => Legal&Compliance
10% => IT development and monitoring
7% => Admin overhead
10% => Fluzcoin Reserve
20% => commercial retailer onboarding
50% => marketing
3% => Legal&Compliance
10% => IT development and monitoring
7% => Admin overhead
10% => Fluzcoin Reserve
20% => commercial retailer onboarding
Roadmap
Based on prior launch experiences the team feels comfortable with the following time line
MEET THE TEAM
Executive TeamSTEFAN KRAUTWALD Commercial DirectorDAVID ROSENBLATT Corporate Development DirectorANTONS SAPRIKO IT Director | Scandiweb CEOGLEBS VREVSKY Marketing DirectorULDIS BAUMERTS Product CoordinatorDAVID M. LEIBOWITZ Japan ManagerDAVIS KRIKAUSKIS Delivery ManagerAIGARS PAVLOVICS Head of OperationsTECHNICAL ADVISORSRaghavendra SrinivasanFlorian BurkartRuchika KumarEUNOMIA FOUNDATIONAndreas Antrup Council MemberVikram Nagrani Council MemberJosé Abbo Council MemberKarl Karlsson Council MemberACTIVE BOARD ADVISORSMaurice HararyLars RydströmKeith TeareKarl KarlssonAnil Benard-DendeJosé RuizDr. Sebastian FournéDavid AdelmanIsaac LevyAlberto Tarazi.
Partners
For more information, please visit here:
Email: info@fluzcoin.io
Facebook: https://www.facebook.com/fluzcoin/
Twitter: https://twitter.com/Fluzcoin
Telegram: https://t.me/joinchat/FaUXnVJkE62Onj6NcXuiPw
Reddit: https://www.reddit.com/r/fluzcoin/
Medium: https://medium.com/@fluzcoin
Facebook: https://www.facebook.com/fluzcoin/
Twitter: https://twitter.com/Fluzcoin
Telegram: https://t.me/joinchat/FaUXnVJkE62Onj6NcXuiPw
Reddit: https://www.reddit.com/r/fluzcoin/
Medium: https://medium.com/@fluzcoin
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