The world has advanced through innovative developments in telecommunications and internet technology. Yet, more than two-thirds of the world's population is still without access to this communication technology. This part of the population is disconnected from the world of communication as a result of their underprivileged state.
Modern communication technology is highly expensive and would not be easily affordable by these financially disadvantaged communities.
Hence, the Innovatian company was established to create faster and cheaper technology and infrastructure for such communities. So far, their innovation has lessened the cost of infrastructure by about 10%.
But, beyond setting up infrastructure, funding would still be required to ensure its continuous operation.
In recent years, blockchain and cryptocurrency have become the holy grail of the financial tech world due to their highly secured system and huge funding potential.
In this light, the Futira project has been initiated to fund the development and sustenance of the telecommunication infrastructures.
About the Futira Project
The Futira project was set up in partnership with Innovatian to create and fund communication solutions in lacking societies. The project was founded by Dr Hatim Zagloul, who is a major force in the innovation of improved internet technologies, with better speed and affordable rates.
The purpose of the project is the introduction of a cryptocurrency that would fund the execution of the bigger project; which is empowering societies and countries with modern communication technologies.
The Futira Token/Coin
The Futira token was created on the Binance Smart Chain (Bep -20).
Investors are encouraged to purchase tokens, as they would be exchanged for Futira coins when it is launched. There is no need for investors to worry about loss, as 1Futira token would be equal to 1Futira coin. The coin is due to launch on 10th April 2022, with an expected sale of about 12billion coins.
How Will it Work?
The coin would be the only currency for transactions on the network. Users would purchase network credits by buying the coins with fiat money. The coins would serve as network credit and would gain value as it further penetrates the market. So, if the value of the coin increases, users would enjoy profit through the network credit. But if it drops in value, it would not affect the credit value that the user already has.
Potential Benefits of the Project
Since the futira coin would be the only means of purchasing credit for the network, all users of the network have no other choice but to purchase it. This will lead to an ever-increasing demand for the coin and consequently, a consistent rise in the value of the coin.
The profits made from the coin value would be invested into developing and maintaining the infrastructure, as well as duplicating the project in other disadvantaged countries.
Conclusion
The success of this project would lead to the improvement of lives through technology, as it would help connect poor countries to the global village, where they can easily access and attract local and international aid.
Investors do not need to worry as the project has the strong backing of two innovative and capable hands who have commanded results in communication technology and business, respectively.
FOR MORE INFORMATION CHECK
https://futiracoin.com/wp/FutiraCoinWhitePaper.pdf
https://twitter.com/FutiraCoin/
https://www.facebook.com/FutiraCoin/
https://www.instagram.com/FutiraCoin/
Authors Details
Btt Username: Efofe1
Btt profile link: https://bitcointalk.org/index.php?action=profile;u=3460495;sa=summary
Bsc wallet: 0x7668D5E7eb7D3Ae1e435Fc60A0b1E5068Cba7Fef
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