image form the https://fluzcoin.io/
A friend of mine recently asked me what I thought about Fluzcoin, I told him that honestly I did not know anything about the project other than I remembered seeing an article months ago about something called Fluz Fluz. I decided to take a look at their website and found interesting information on what seems to be a very ambitious project, here is a short video that appears on their website.
The first thing that you will see on their website is that Fluzcoin aims to be “the intelligent retail currency”, their focus is becoming a massively adapted merchant solution. On their website they outline the reasons why their coin will have success, such as zero transaction fees, legally compliant coin with KYC, interest from global retailers such as:
image form the https://fluzcoin.io/
What I found most interesting about the project is how they plan to go about solving the problem of having a coin with stable value which is key for merchants to trade for their goods and services. As anyone involved with crypto knows, the value on coins and tokens can be very volatile, Fluzcoin looks to solve this issue with a patented (pending) algorithm (named EUNOMIA) designed to eliminate speculative volatility. Within its governance, The EUNOMIA FOUNDATION will oversee the operation of EUNOMIA, so basically the Algorithm and the foundation will act as a form of central bank for Fluzcoin. In my opinion this is the most original aspect of the project and will be a key factor for it´s success
Since the Fluzcoin value is not meant to fluctuate much, holders should not expect capital gains in value of the coin unit, the program has a different method to incentivize holders of the coin. Through what they call an appreciation path, holders of Fluzcoin will receive participation in the seigniorage profits generated with the issuance of new coins as demand grows, basically holders will receive more coins when the system deems necessary to mint more.
From the roadmap that appears on the website, by Q1 2019 Fluzcoin should be ready for retail use. On their whitepaper it mentions Fluzcoin will operate on the JP Morgan Quorum last generation permission based blockchain.
I hope you enjoyed this post, please take note that I am not a financial advisor and this is not a recommendation to go out and buy Fluzcoin.
Cheers! and remember…
INFORMATION = POWER
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