Cryptocurrencies are one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher.
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
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.
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 Proof-of-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 main purpose of creating this coin is 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.
To forge a uniquely user-centric Blockchain ecosystem where data, funds and information in general can be shared seamlessly and securely while at the same time thoroughly simplify the participation criteria to pave the way for total participation in the Blockchain ecosystem.
It is our ultimate vision to build a Blockchain ecosystem not only for a select few users, but for every single user out there.
- 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.
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.
BENEFITS OF FiiiCoin
- User-Friendly: Easy to use and 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 and 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 and 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.
- 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
- Angel Round A raised 3000ETH
- Angle Round B raised 3000ETH
- FiiiPOS demo ready
- 1000 units of FiiiPOS ready for testing
- FiiiPAY available on APP store & Playstore
- FiiiPOS distributed to Malaysia & Singapore dealers
- 2nd batch order in mass production
- Expand to 10 countries
- Target 50k FiiiPOS sold with 500k FiiiPAY users
- FiiiEx Launch
- Grand lauching of FiiiPOS & FiiiPAY
- Bounty Program activated
- FiiiPAY Rewards Program
- Hackathon event
- FiiiChain launch
- FiiiCoin launch
- DPOC mining
- 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
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=5023403.0
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143