FLUZCOIN

Fluzcoin usage in online Commerce, web and mobile payments

Fluzcoin team will provide integration framework and ready-made extensions to be integrated with popular eCommerce platforms such as Magento, Hybris, Salesforce Commerce Cloud (ex-DemandWare), Shopify, BigCommerce, PrestaShop, WooCommerce and other.

There can be two types of integrations owing to blockchain nature of the coin — first, traditional, centralised like a PayPal or other crypto currency extensions, which centrally store merchants funds after receiving them from consumers and then can move or exchange them into other assets on merchant’s request.

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.

Sample Fluzcoin app screens

MECHANICS

Blockchain as a technology underpinning affordances necessary to fulfill the goals of a coin powering retail transactions.

The technology needs to support:

1. Zero-fee transactions for consumers
2. Privacy for consumers — consumers do not want others to see what they are buying
3. Independence for merchants
4. KYC enablement — consumer wallets need to be upgradeable by KYC to facilitate regulatory concerns of banks and servicing merchants
5. Trust in the records of the distributed ledger for consumers and merchants
6. Tradeability — the coin should be easily exchangeable into crypto assets on exchanges
7. High transaction speed
8. High throughput — retail is operating under load compared to conventional blockchain transactions. The transactions per second (TPS) threshold should be comfortably running at at least 250 TPS in the 1st project phase.
9. Scalability in terms of a large blockchain file and its indexing. Blockchains do not store “balances” of coins, but calculate incoming and outgoing transactions on the fly, so in addition to the main ledger file there is also an “index” maintained to facilitate fast operations. Under the scenario of a successful coin roll out, the file might easily grow
   to Terabytes and such growth needs to be accommodated without a degradation in performance.

Fluzcoin coins are created at the ICO and on a continuous basis after that through issuance to the holders of Fluzcoin.

This issuance takes two distinct ways or tranches:

1. Holders of Fluzcoin receive dividends which means they get new Fluzcoin automatically issued into their wallets in proportion to their holdings. The level of dividends reflects the value creation of Fluzcoin, the higher the market cap of Fluzcoin becomes, the more dividends holders of Fluzcoin receive. Dividends are paid at frequent intervals (more frequent than monthly) and the level of dividends is set by the EUNOMIA Foundation.
2. The EUNOMIA Foundation also issues new Fluzcoin to the market in exchange for other currencies; the purpose of this second channel is to enable the Foundation to cover the running costs of operations of the Fluzcoin systems as well as to maintain and grow the Fluzcoin Reserve. This issuance is subject to a strict and transparent ruleset outlined below along with more details on the Foundation and the Reserve.

The ICO

The soft cap to realize the project is USD 10 Mio.
The theoretic hardcap is effectively USD 212 Mio (all sold coins at full ICO crowdsale price).
The ICO shall be divided into stages where Fluzcoins will be offered at a discount until the Fluzcoin ICO crowdsale price of USD 0.10 is reached.

3,223,000,000 Fluzcoins shall be created for the ICO.
65,78% of coins are sold,
34,22% are distributed as follows:

Token Distribution

Fund Allocation 

Fluzcoin Global Inc plans to use the ICO collected funds in the following manner :

ROADMAP

Team

Links:

Website: https://fluzcoin.io/

Whitepaper: https://fluzcoin.io/docs/Fluzcoin_Coin_Sale_Whitepaper.pdf

Facebook: https://www.facebook.com/fluzcoin/

Telegram: https://t.me/joinchat/FaUXnVJkE62Onj6NcXuiPw

Twitter: https://twitter.com/fluzcoin

Medium: https://medium.com/@fluzcoin

Youtube: https://www.youtube.com/channel/UCdK-HoZdmvmC-9bS5TeJT0g

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Created by : mayshella99 
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