FiiiCoin - Decrypting Cryptocurrencies - Making Cryptocurrency Available to All, for All Purposes
PRESENTATION
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Fiiicoin, a mobile mining based designed transaction system where every Smartphone user will be able to participate in maintaining whole block-chain network without relying on expensive mining machines and graphic cards has arrived.
"Today most of the currency is backed by central financial institutions holding our future in their hand. The financial breakdown of 2008 almost brought down the world financial system devastating many companies and hence the individuals. After the crisis of 2008 a new financial system came into being. It was built on the basis of frustration and distrust to then existing banking system, the CryptoCurrency. Bitcoin was the first coin working on the principle of crytocurrency.
CryptoCurrency allowed everyone to be own bank, free from taxes and banking fees. It is built on complex mathematical codes, shared among networks, accessible through internet. Traditionally we are programmed to trust the third parties like banks, credit card institutions who charge us hefty amount for each and every transaction.
Certain media houses, financial institutions relate the CryptoCurrency with black market trading but it’s actually far from transparent then you may realize. CryptoCurrency is digital but it’s not just like any other file on the internet. It’s a rather entry into the publically distributed database called block chain."
With that being said, FiiiCOIN is developed based on FiiiCHAIN, a versatile, fully self-developed blockchain technology powered by its very own consensus mechanism DPoC (Delegate Proof of Capacity). Compatible with multiple terminals such as computers, smartphones, tablets and all FiiiGROUP-issued terminals, FiiiCHAIN DPoC paves the way for unprecedented participation in the cryptocurrency market where virtually any user with free storage or memory space is able to partake in the mining process.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is FiiiCoin?
Fiiicoin is a mobile mining based designed transaction system where every Smartphone user will be able to participate in maintaining whole block-chain network without relying on expensive mining machines and graphic cards.
Furthermore, FiiiCoin is a transaction network specifically designed for mobile devices mining purpose only. The blockchain technology enable all mobile devices participate in maintaining the blockchain network while leaving it idle and charging battery instead of relying on expensive and powerful computer hardware running 24/7 to do the mining work. The main objective is to create a least effort way and promote re-using the existing available resources(mobile devices) together to take part in maintaining the blockchain. Even the non-IT people or non-crypto fans can easily learn and involve in mining as long as they at least have a smartphone.
In fact, smartphone or any other mobile devices are not suitable to be setup as a blockchain node. The reasons are the computing power is weak, storage capacity is limited to keep a full blockchain and battery powered device are not meant to be 24/7 running all time, and it requires high network bandwidth to synchronize blocks data. If the mobile device runs the node using 4G network, it will finish up all the bandwidth in no time.
FiiiCoin is built using an enhanced version of Proof-of-Capacity consensus algorithm – Delegated Proofof-Capacity (DPoC) to achieve the mobile mining capability while keeping the mobile device from being a full node and perform extensive block synchronization work. FiiiCoin is developed using an in-house built customizable blockchain technology - FiiiChain. FiiiChain provide standard blockchain modules with the “plug-and-play” capability for developers to modify the blockchain characteristic base on the given business requirement.
The Mission
The main purpose of create this coin to re-utilize current resources especially mobile phones to take part in mining process. Even a non IT user or crypto Fan who do not have money to invest can able to earn some reward by just taking part in mobile mining system.
FiiiCoin Mining System
Smartphone devices are not good at mining due to their limited storage capacity, weak computing power, low battery due to which mobile device is not capable of maintaining block-chain network 24/7. For synchronizing data in block-chain system mobile networks require 4G technology and if we run up node then mobile can finish up all bandwidth in no time. Fiiicoin mining consensuses are proof of capacity and proof of delegated capacity algorithms that will achieve mobile mining and enable mobiles to fully synchronize with their network.
FiiiCoin Network Architecture
Fiicoin is a peer to peer network architecture that will connect constantly with multiple nodes to synchronize data within the same network. P2P mean that node connected to server has same privileges and communication capabilities that other have in flat topology. It will also provide other additional services to routing system that will enhance the performance of peer to peer network and new nodes will able to easily access to other nodes within the network. Fiiicoin network contain several master nodes that are distributed worldwide and providing data synchronization service and helping new nodes to find other nodes quickly. Similarly to bitTorent it also has a global tracker system that seeds all active nodes and provides all IP addresses to newly joined node.
The Ecosystem
FiiiPOS - It is the 'Point of Sale' (PoS) system hosted on the FiiiCoin ecosystem, with right now the world's solitary PoS terminal that is perfect with in excess of 1500 cryptocurrencies.
It bolsters host of features including 'Near Field Communication (NFC)', 'GPS', 'Code filtering', 'Bluetooth 4.0' and so on.
FiiiPAY - It is an e-wallet application which will bolster storage of cryptocurrencies alongside helpful approach to direct online and offline crypto exchanges (supporting in excess of 1500 cryptocurrencies).
It utilizes Bluetooth 4.0 Beacon Technology, a patented Bluetooth based payment system to broadcast custom data payload.
FiiiCHAIN - It is the blockchain technology underlining the FiiiCoin ecosystem.
FiiiEX - It is the computerized money exchange (DCE) hosted on the FiiiCoin ecosystem enabling clients to exchange cryptocurrencies.
Furthermore, FiiiEX will be connected with FiiiPAY to permit consistent integration for executing trades and getting up-to-date pricing
The Technology
Optimisation at Its Finest
FiiiCOIN is developed based on FiiiCHAIN, a versatile, fully self-developed blockchain technology powered by its very own consensus mechanism DPoC (Delegate Proof of Capacity).
Compatible with multiple terminals such as computers, smartphones, tablets and all FiiiGROUP-issued terminals, FiiiCHAIN DPoC paves the way for unprecedented participation in the cryptocurrency market where virtually any user with free storage or memory space is able to partake in the mining process.
About FIIICOIN Mining
The Fiiicoin group has said concerning their endeavor that it is gone for everyone. With an expansive and dynamic group that has contribution in various regions of business life, the fact of the matter is to raise this venture to a more lifted amount and to ensure that Fiiicoin transforms into a basic section in the domain of crypto. Another fundamental component of the platform is that there is the probability of mining on the wireless phone. Together these phones expect a basic job in the organic network of this work.
FiiiCOIN is made subject to FiiiCHAIN, a versatile, totally self-made blockchain advancement controlled by its very own exceptional understanding system DPoC (Delegate Proof of Capacity).
Great with various terminals, for instance, PCs, mobile phones, tablets and all FiiiGROUP-issued terminals, FiiiCHAIN DPoC gets ready for remarkable participation in the advanced cash advertise where in every practical sense any user with free storage or memory space can partake in the mining technique.
FiiiPOS is slated to dispatch the FiiiCOIN DPoC mining capacity before the final quarter of this present year, while the mining capacity will be taken off to FiiiPAY user wallet by second quarter of 2019.
Why You Should Choose FiiiCOIN?
The FiiiCOIN Advantage On Your Side
Envisioned as the ultimate “benchmark” cryptocurrency, FiiiCOIN was developed following in-depth studies of the design, structure, strengths and weaknesses of major leading cryptocurrencies. These insights were then translated into the design of FiiiCOIN, resulting in a cryptocurrency that is resolute and robust in design, possessing all the strengths of major cryptocurrencies yet without most of their weaknesses.
User-Friendly
Easy to use & simplified design
Borderless Spending
Accepted anywhere around the world, users no longer have to worry about acquiring local currency when travelling
Fast Transactions
Powered by Lightning Network where transactions can be completed almost instantly
Lower Transaction Fees
Users can freely use, accept, transfer or exchange FiiiCOIN as the transaction fees are attractively low
Everyday Usage Appeal
FiiiCOIN is poised to emerge as a daily use currency, accepted & available everywhere
Sustainable Mining
Lower energy consumption & better hardware reusability
Resistance to ASIC
Unique DPoC design where mining productivity is largely dependent on memory space rather than raw processing power
Safety & Security
Hosted in multiple servers across the world, our FiiiCOIN is less susceptible to hacking or other kinds of manipulation
Strong Commercial Base
Widespread use of various FiiiGROUP-issued hardware and solutions further adding to FiiiCOIN’s stability & commercial appeal
Excellent Flexibility
Any smart device with free space can perform mining (i.e. a smartphone on charge)
Accessibility
Any user with a smart device can participate equally in the FiiiCOIN market
Stability
With firm backing and proactive management from FiiiGROUP, FiiiCOIN prices will be less volatile
The FiiiEX Crypto Exchange
FiiiEX is a crypto-currency exchange that will allow users to trade crypto currencies online just like other present exchanges. Only the main different will be it will work under the FiiiGroup and supports FiiiPay and FiiiPOS through trading. Their exchange will be linked to their app to check out latest price or trade simultaneously.
Token Details
Coin Name : Fiii
Total Supply : 5,000,000,000
Total Coin for Sale : 420,000,000
Launch Price : US$0.12
Soft Cap : US$15,000,000
Hard Cap : US$40,000,000
Bonus: Available
Bounty: Available
MVP/Prototype: Available
Platform: Custom
Accepting: BTC, USDT
Minimum investment: 0.12 USD
Country: Hong Kong
Whitelist/KYC: KYC
Restricted areas: USA, IRAN, North Korea
Coin Distribution
RoadMap
April 2018
Angle Round B raised 3000ETH
FiiiPOS demo ready
May 2018
1000 units of FiiiPOS ready for testing
FiiiPAY available on APP store & Playstore
June 2018
FiiiPOS distributed to Malaysia & Singapore dealers
2nd batch order in mass production
Q4 2018
Expand to 10 countries
Target 50k FiiiPOS sold with 500k FiiiPAY users
FiiiEx Launch
February 2018
Angel Round A raised 3000ETH
July 2018
Grand lauching of FiiiPOS & FiiiPAY
Bounty Program activated
Whitelist
FiiiPAY Rewards Program
Hackathon event
August 2018
FiiiChain launch
FiiiCoin launch
DPOC mining
September 2018
Pre-sales
ICO
2019
DPOC personal terminal & mining promotional activities commenced
Mainstream adoption of FiiiPOS in 30 countries
around the world achieved
100k FiiiPOS and 2 mil FiiiPAY users
Meet The Amazing Team Members
Advisors
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://www.fiii.io
Whitepaper: https://www.fiii.io/images/doc/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5023403.0
Twitter: https://twitter.com/FiiiLab
Facebook: https://www.facebook.com/fiii.io
Telegram: https://t.me/fiiicommunity
Medium: https://medium.com/fiiilab
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.