Hello, Futerium X community!
FUTX trading is now available on ERC20 DEX: http://erc20.exchange. Good trading to all of you!
Topic: [ANN] [FUTEREUM X (FUTX)] [Ethereum Blockchain Derivatives Contract] (Read 1149 times)
May 08, 2018, 04:37:58 AM
Via alt. board
When you purchase FUTX off Cryptopia or off Crex24, both of which FUTX are available on (FUTR is only available on Crex24 for now although that is scheduled to change very shortly), you are buying FUTX from someone who has already value-mined the contract. What this means is that in effect you have 2 purchase options:
Purchase Option 1: You can mine FUTR/X anytime (unless it is in a restricted mining period at the point of a swap-back) by sending ETH to the smart contract
Purchase Option 2: You can purchase FUTR/X off the exchange from someone else who has already mined it (or bought it from someone who has already mined it)
The model employed whereby this "synthetic mining protocol" is constantly an option of purchase concurrently alongside exchange-traded applications is not typical of the traditional Blockchain approach, and the creators are well aware of this fact. Essentially, what Futereum does is to supplant the proof-of-work mining model with its "halvening" events (for instance in Bitcoin mining) with this form os synthetic smart contract mining which the creators call proof-of-value. POV applications essentially replace the requirement for any sort of POS mining protocol ever, since by synthetically paralleling the process of in-wallet mining off the back of proof-of-work applications, they achieve exactly the same thing as a result of the Ethereum Blockchain's token factory innovation. in this sense it is possible to see POV as a natural next step progression to Ethereum's re-invention of the Blockchain from being one whereby the software on the Blockchain was used to produce coins to one where it went to producing tokens. POV currencies that reference actual underlying value are termed "digital notes" by the developers.
Ultimately, you should check to see whether it is cheaper to purchase FUTR/X on an exchange or via the smart contract. For every day other than the first day of issuance, FUTX has pretty much traded ata discount to the ETH that is stored in its smart contract. That may not always be the case however, and with 100%+ moves in the past 24 hours and similar moves in recent weeks on the back of John McAffee's recommendation of this smart contract, it is entirely possible that premiums may open up for periods in the market (in which case you can just mine the smart contract and sell for an arbitrage fee into the exchange more or less on the spot).
The way to work out what you are paying for the tokens is as follows: take the current FUTX mined per level and use this number to divide the total dollar amount of ETH. Thus, Level 1 FUTX is:
$750/114 = $6.58/FUTX
We can then check this against the BTC value of FUTX by taking the price of BTC/FUTX. At the point of writing the last trade for FUTX was done at 0.00047218 BTC, thus if BTC is currently $9400, the price of FUTX is $4.43 on Cryptopia. Thus, there is a discount available on Cryptopia for FUTX to the tune of almost 50%. Bear in mind that such discounts however contain volume limitations. For instance, the discounted FUTX on offer is only valid for up to 0.29383547 BTC worth; after that point, FUTX becomes more expensive on exchange than it is in smart contract form. Thus, if you wanted to purchase $10,000 of FUTX, you would have to buy 75% or so of it from the smart contract if you wanted the cheapest possible purchase price.
Remember too that there is a 15.3% value mining charge applied to the Futereum contracts. This means that when you switch back FUTX for the ETH, you get 15.3% less ETH than you paid for when you mined FUTX. Thus, in the above example where you were buying $10,000 of FUTX, you would calculate the par value of your purchase as follows:
0.29383547 BTC * Avg. 0.00055 BTC = $5.17 average purchase price with $5.55 swap-back price
$7300 / $750 / ETH = $6.58 average purchase price * 84.7% with $5.55 swap-back price
When you purchase FUTX off Cryptopia or off Crex24, both of which FUTX are available on (FUTR is only available on Crex24 for now although that is scheduled to change very shortly), you are buying FUTX from someone who has already value-mined the contract. What this means is that in effect you have 2 purchase options:
Purchase Option 1: You can mine FUTR/X anytime (unless it is in a restricted mining period at the point of a swap-back) by sending ETH to the smart contract
Purchase Option 2: You can purchase FUTR/X off the exchange from someone else who has already mined it (or bought it from someone who has already mined it)
The model employed whereby this "synthetic mining protocol" is constantly an option of purchase concurrently alongside exchange-traded applications is not typical of the traditional Blockchain approach, and the creators are well aware of this fact. Essentially, what Futereum does is to supplant the proof-of-work mining model with its "halvening" events (for instance in Bitcoin mining) with this form os synthetic smart contract mining which the creators call proof-of-value. POV applications essentially replace the requirement for any sort of POS mining protocol ever, since by synthetically paralleling the process of in-wallet mining off the back of proof-of-work applications, they achieve exactly the same thing as a result of the Ethereum Blockchain's token factory innovation. in this sense it is possible to see POV as a natural next step progression to Ethereum's re-invention of the Blockchain from being one whereby the software on the Blockchain was used to produce coins to one where it went to producing tokens. POV currencies that reference actual underlying value are termed "digital notes" by the developers.
Ultimately, you should check to see whether it is cheaper to purchase FUTR/X on an exchange or via the smart contract. For every day other than the first day of issuance, FUTX has pretty much traded ata discount to the ETH that is stored in its smart contract. That may not always be the case however, and with 100%+ moves in the past 24 hours and similar moves in recent weeks on the back of John McAffee's recommendation of this smart contract, it is entirely possible that premiums may open up for periods in the market (in which case you can just mine the smart contract and sell for an arbitrage fee into the exchange more or less on the spot).
The way to work out what you are paying for the tokens is as follows: take the current FUTX mined per level and use this number to divide the total dollar amount of ETH. Thus, Level 1 FUTX is:
$750/114 = $6.58/FUTX
We can then check this against the BTC value of FUTX by taking the price of BTC/FUTX. At the point of writing the last trade for FUTX was done at 0.00047218 BTC, thus if BTC is currently $9400, the price of FUTX is $4.43 on Cryptopia. Thus, there is a discount available on Cryptopia for FUTX to the tune of almost 50%. Bear in mind that such discounts however contain volume limitations. For instance, the discounted FUTX on offer is only valid for up to 0.29383547 BTC worth; after that point, FUTX becomes more expensive on exchange than it is in smart contract form. Thus, if you wanted to purchase $10,000 of FUTX, you would have to buy 75% or so of it from the smart contract if you wanted the cheapest possible purchase price.
Remember too that there is a 15.3% value mining charge applied to the Futereum contracts. This means that when you switch back FUTX for the ETH, you get 15.3% less ETH than you paid for when you mined FUTX. Thus, in the above example where you were buying $10,000 of FUTX, you would calculate the par value of your purchase as follows:
0.29383547 BTC * Avg. 0.00055 BTC = $5.17 average purchase price with $5.55 swap-back price
$7300 / $750 / ETH = $6.58 average purchase price * 84.7% with $5.55 swap-back price
May 08, 2018, 02:26:44 AM
We have applied to CoinMarketCap.com as a result of an inundation of community requests for the digital note to be officially listed and now that we are seeing regular increases over the $100,000 / min vol. trading requirement for such listing to be justified as per CMC rules. We expect there to be a very good chance of the listing going ahead now given the McAfee attention we've received and the higher amount of interest in the product lately, and given that Crex24, where the note is also listed, is now officially a CMC exchange (meaning that FUTX is on 2 CMC participating exchanges, Cryptopia and Crex24). Will continue to update as materially applicable.
May 08, 2018, 02:13:59 AM
VERY nice movement at Cryptopia (+100%+ over the past 24/H). Seems like some buying happening here in a big way: https://www.cryptopia.co.nz/Exchange/?market=FUTX_BTC
March 02, 2018, 02:36:42 AM
I really hope my previous post didn't lend any credence to this. Although I DO see value in a futures token system for any crypto supporting the function, I find FUTX / FUTR to be very misleading to anyone thinking about investing.
Anyone exchanging ETH for FUTX or FUTR is up against odds that even underground gambling would find excessive. With the 15.3% fee, then potential 20% fee at deadline, one is very likely to lose 33% of their investment even when exchanging in the first phase.
Anyone exchanging after the first phase face even greater odds.
If you do the math, you'll find that the designer/s of this token based the whole system around taking a 1/3 cut from any deposits. Additionally, they (or he) can play their (his) own system to take more, which is very likely, given that very few ETH have been exchanged for FUTX / FUTR since shortly after it launched.
I haven't inspected the token source code to enough to rule out anything additional hidden within, or that it couldn't be altered at a later date.
Lastly, there could be bugs in the system, a risk that any crypto faces. However this risk is trivial considering all the MASSIVE FEES AND LIABILITIES mentioned above.
There really shouldn't be any need for fees, as it should not require much development and maintenance at all. If there are fees, use them as an incentive for investors, not a way to rip them off.
0.1% fee should be more than adequate to maintain a website.
The math futereum posted showing how one can essentially buy ETH at a hugely discounted rate on Cryptopia, by buying FUTX now, then exchanging later is only true if he follows through on the promise.
Given all the misleading information, unclear information, and questionable past, I would take this promise with a tugboat of salt.
See: https://bitcointalksearch.org/topic/m.31388410 Anyone exchanging ETH for FUTX or FUTR is up against odds that even underground gambling would find excessive. With the 15.3% fee, then potential 20% fee at deadline, one is very likely to lose 33% of their investment even when exchanging in the first phase.
Anyone exchanging after the first phase face even greater odds.
If you do the math, you'll find that the designer/s of this token based the whole system around taking a 1/3 cut from any deposits. Additionally, they (or he) can play their (his) own system to take more, which is very likely, given that very few ETH have been exchanged for FUTX / FUTR since shortly after it launched.
I haven't inspected the token source code to enough to rule out anything additional hidden within, or that it couldn't be altered at a later date.
Lastly, there could be bugs in the system, a risk that any crypto faces. However this risk is trivial considering all the MASSIVE FEES AND LIABILITIES mentioned above.
There really shouldn't be any need for fees, as it should not require much development and maintenance at all. If there are fees, use them as an incentive for investors, not a way to rip them off.
0.1% fee should be more than adequate to maintain a website.
The math futereum posted showing how one can essentially buy ETH at a hugely discounted rate on Cryptopia, by buying FUTX now, then exchanging later is only true if he follows through on the promise.
Given all the misleading information, unclear information, and questionable past, I would take this promise with a tugboat of salt.
February 27, 2018, 07:25:30 PM
I really hope my previous post didn't lend any credence to this. Although I DO see value in a futures token system for any crypto supporting the function, I find FUTX / FUTR to be very misleading to anyone thinking about investing.
Anyone exchanging ETH for FUTX or FUTR is up against odds that even underground gambling would find excessive. With the 15.3% fee, then potential 20% fee at deadline, one is very likely to lose 33% of their investment even when exchanging in the first phase.
Anyone exchanging after the first phase face even greater odds.
If you do the math, you'll find that the designer/s of this token based the whole system around taking a 1/3 cut from any deposits. Additionally, they (or he) can play their (his) own system to take more, which is very likely, given that very few ETH have been exchanged for FUTX / FUTR since shortly after it launched.
I haven't inspected the token source code to enough to rule out anything additional hidden within, or that it couldn't be altered at a later date.
Lastly, there could be bugs in the system, a risk that any crypto faces. However this risk is trivial considering all the MASSIVE FEES AND LIABILITIES mentioned above.
There really shouldn't be any need for fees, as it should not require much development and maintenance at all. If there are fees, use them as an incentive for investors, not a way to rip them off.
0.1% fee should be more than adequate to maintain a website.
The math futereum posted showing how one can essentially buy ETH at a hugely discounted rate on Cryptopia, by buying FUTX now, then exchanging later is only true if he follows through on the promise.
Given all the misleading information, unclear information, and questionable past, I would take this promise with a tugboat of salt.
Anyone exchanging ETH for FUTX or FUTR is up against odds that even underground gambling would find excessive. With the 15.3% fee, then potential 20% fee at deadline, one is very likely to lose 33% of their investment even when exchanging in the first phase.
Anyone exchanging after the first phase face even greater odds.
If you do the math, you'll find that the designer/s of this token based the whole system around taking a 1/3 cut from any deposits. Additionally, they (or he) can play their (his) own system to take more, which is very likely, given that very few ETH have been exchanged for FUTX / FUTR since shortly after it launched.
I haven't inspected the token source code to enough to rule out anything additional hidden within, or that it couldn't be altered at a later date.
Lastly, there could be bugs in the system, a risk that any crypto faces. However this risk is trivial considering all the MASSIVE FEES AND LIABILITIES mentioned above.
There really shouldn't be any need for fees, as it should not require much development and maintenance at all. If there are fees, use them as an incentive for investors, not a way to rip them off.
0.1% fee should be more than adequate to maintain a website.
The math futereum posted showing how one can essentially buy ETH at a hugely discounted rate on Cryptopia, by buying FUTX now, then exchanging later is only true if he follows through on the promise.
Given all the misleading information, unclear information, and questionable past, I would take this promise with a tugboat of salt.
February 26, 2018, 08:29:06 PM
ETH is for sale now on the spot at $380. You must hold it for a minimum of 3 months (best case) and a maximum of 11 months (worst case). What do you do?
Take the poll now!: https://twitter.com/futereum/status/968295612893540353
Take the poll now!: https://twitter.com/futereum/status/968295612893540353
February 25, 2018, 10:24:35 PM
Any formula ？ standard for ratio of swap please?
Right now bitgur is showing a price of around $3.50 per FUTR on Cryptopia: https://bitgur.com/coin/FUTX. Factoring out the 15.3% fee and that is effectively $4.03 per FUTX * 114 FUTX (for 40% left of this level) which is $460 per ETH. For every $460 you spend at Cryptopia at the current market price you will receive back $850-ish of ETH assuming ETH doesn't go up and no more mining goes ahead. If there is more mining of the smart contract and we hit level 2 then you are paying in effect $400 or so per ETH, which you get back at the full ETH amount (we are 40% away from that point).Main point is, buy it off Cryptopia for now as you are paying half price for ETH assuming everything that can go wrong with FUTX foes go wrong and assuming ETH does nada all year . Anything better than that and your returns multiply exponentially per event.
February 25, 2018, 01:35:12 AM
Any formula ？ standard for ratio of swap please?
February 23, 2018, 06:05:13 PM
Quote
At the end of 3 months, if all levels are mined, FUTX swaps back for ETH. If all levels not yet mined, the swap will happen end of month 12.
When the swap happens at the end of 3months or 12months, how much ETH is returned per FUTX?
Quote
If mining of all levels is completed after 3 months, but before 12 months, do FUTX holders still have to wait until month 12 to swap their FUTX for ETH?
No. They would wait until the end of month 7. The swaps cycles are per every 3 months, with a 1 month waiting period after which the swaps take place. If the levels were filled in month 4, this would count as month 1 of cycle era 2, which would justify a swap at the end of cycle era 2 (that being after month 7 which is 3 months for mining - months 3-6 - plus the 1 month swap waiting period - that being month 7.Quote
When mining is completed, and the swap can occur, how much time does one have to decide to make the swap or hold?
As stated, there is a one month period for prices etc to order themselves between the end of the mining and the actual swap dates. The swap dates are open for 5 days.Quote
If mining of all levels is still incomplete at the end of 12months, what happens then?
Then no matter where we are with respect to FUTX mined, the swap is opened up for 5 days, giving you a chance to reclaim the underlying Ether if you want it.Quote
I read every bit of info about FUTR and FUTX that I could find anywhere. This is a very intriguing idea, but I have so many questions like the ones above. I'll wait for a response on these before asking more.
Thank you for actually asking intelligent, well-reasoned, insightful questions. It's refreshing. We are happy to answer these sorts of questions any time. Quote
I would recommend making a video explaining and detailing the mining and swap process in layman's terms, but include all the important numbers.
Funnily enough, our UX guy has banging on about this so he has just started to engage a professional video guy to do this. Quote
Thanks in advance.
Thank YOU very much for the keen and intelligently focused interest in the product! February 21, 2018, 10:01:17 PM
Quote
At the end of 3 months, if all levels are mined, FUTX swaps back for ETH. If all levels not yet mined, the swap will happen end of month 12.
When the swap happens at the end of 3months or 12months, how much ETH is returned per FUTX?
If mining of all levels is completed after 3 months, but before 12 months, do FUTX holders still have to wait until month 12 to swap their FUTX for ETH?
When mining is completed, and the swap can occur, how much time does one have to decide to make the swap or hold?
If mining of all levels is still incomplete at the end of 12months, what happens then?
I read every bit of info about FUTR and FUTX that I could find anywhere. This is a very intriguing idea, but I have so many questions like the ones above. I'll wait for a response on these before asking more.
I would recommend making a video explaining and detailing the mining and swap process in layman's terms, but include all the important numbers.
Thanks in advance.
February 20, 2018, 08:26:09 AM
It’s slmost as if one person is buying and selling to him/herself in a manner the creator of this project would want
February 20, 2018, 03:30:40 AM
Thanks - over 5btc of volume in just the first few hours and a ton of volatility in the price - just what this is made for! It's really interesting to note how traders are playing the ETH-BTC spreads via FUTR in volume. Pretty much what this vehicle was designed for!
February 19, 2018, 10:31:48 PM
https://www.cryptopia.co.nz/Exchange/?market=FUTX_BTC
Happy trade guys
Happy trade guys
February 17, 2018, 03:55:06 AM
Think EOS, if you ever mined eos you know that your going to sell it at a few percentage points higher than the trade price. Thats what i was hoping the devs were putting out there and my obsession with listing on exchanges i can sell for fiat. Mine - sell for fiat - buy ether -mine Rinse and repeat. This is what alot of us do with eos and its reasonably profitable.
as for Odinn, the dev has said things went wrong in those projects listed above and well the writing is there to prove it. Community looks out for each other and i expect no less from anyone in crypto. Its up to an individual now to decide if the smart contract is good and the DEV is making the right steps to make the project successful.
The project took slightly longer than initially expected by around 2 months. It seems a bit overblown. as for Odinn, the dev has said things went wrong in those projects listed above and well the writing is there to prove it. Community looks out for each other and i expect no less from anyone in crypto. Its up to an individual now to decide if the smart contract is good and the DEV is making the right steps to make the project successful.
February 11, 2018, 05:57:32 AM
https://www.thetimes.co.uk/edition/business/daniel-harrison-accused-of-30m-crypto-fraud-cn6b0hgrm
Quote
A former public schoolboy has been accused of being the mastermind of a multimillion-pound international cryptocurrency fraud, which netted him $30m and saw one investor commit suicide.
Daniel Harrison, who is the son of a senior City financier, is alleged to have lured American investors with an initial coin offering (ICO), used to fund the creation of a cryptocurrency.
Harrison, in his late 30s, according to US court papers, was the founder of Monkey Capital LLC, a Delaware company, and Monkey Capital Inc, a Singapore-based company, and used them for “fraudulent purposes”. The claims have been made in a civil class action filed in a Florida court. The filing comes amid increasing legal and regulatory concerns about the boom in crypto-currencies.
Harrison could not be reached for comment, but he has previously told the cryptocurrency website CoinDesk that the claims are “ridiculous”. He has yet to file a formal response.
The Monkey Capital class action alleges that investors ploughed more than $5m worth of bitcoins into the ICO in return for options called a coeval, which could in turn be exchanged for a crypto-currency called monkey coin.
The legal papers state that there are “at least hundreds if not thousands of putative class members”. One of the original plaintiffs, Jeffrey Heberling, recently committed suicide.
A trial date has been set for September 17.
Investors were told that these coins would “derive their value from the usefulness and popularity of the Monday Capital Market — a development and launch of which was entirely in defendants’ control”.
However, the ICO, which was scheduled for July 2017 according to the court papers, never took place and the six plaintiffs never got back their bitcoins. The coins are now valued at more than $15m (£11m).
The class action states: “800,000,000 of the Monkey Coins were issued to Daniel Harrison, who quickly converted them to other cryptocurrency and fiat currency . . . presently valued at $30m.”
Harrison, who is thought to live in Singapore, says he went to Lancing College and Oxford University.
His father, Mark Harrison, who was a senior figure at Deutsche Bank and Morgan Stanley, said: “I don’t wish to comment.”
Daniel Harrison, who is the son of a senior City financier, is alleged to have lured American investors with an initial coin offering (ICO), used to fund the creation of a cryptocurrency.
Harrison, in his late 30s, according to US court papers, was the founder of Monkey Capital LLC, a Delaware company, and Monkey Capital Inc, a Singapore-based company, and used them for “fraudulent purposes”. The claims have been made in a civil class action filed in a Florida court. The filing comes amid increasing legal and regulatory concerns about the boom in crypto-currencies.
Harrison could not be reached for comment, but he has previously told the cryptocurrency website CoinDesk that the claims are “ridiculous”. He has yet to file a formal response.
The Monkey Capital class action alleges that investors ploughed more than $5m worth of bitcoins into the ICO in return for options called a coeval, which could in turn be exchanged for a crypto-currency called monkey coin.
The legal papers state that there are “at least hundreds if not thousands of putative class members”. One of the original plaintiffs, Jeffrey Heberling, recently committed suicide.
A trial date has been set for September 17.
Investors were told that these coins would “derive their value from the usefulness and popularity of the Monday Capital Market — a development and launch of which was entirely in defendants’ control”.
However, the ICO, which was scheduled for July 2017 according to the court papers, never took place and the six plaintiffs never got back their bitcoins. The coins are now valued at more than $15m (£11m).
The class action states: “800,000,000 of the Monkey Coins were issued to Daniel Harrison, who quickly converted them to other cryptocurrency and fiat currency . . . presently valued at $30m.”
Harrison, who is thought to live in Singapore, says he went to Lancing College and Oxford University.
His father, Mark Harrison, who was a senior figure at Deutsche Bank and Morgan Stanley, said: “I don’t wish to comment.”
February 07, 2018, 03:34:51 PM
jesus christ i now read through the thread in Odinns link.
Thanks odinn, i can see you clearly defend the dev till it was just to damn late. Sorry you got burnt and appreciate you spending your time to try and avoid it happening to others.
I really understand it must be personal after you gave them the benefit of the doubt for things to turn out the way it did.
Thanks odinn, i can see you clearly defend the dev till it was just to damn late. Sorry you got burnt and appreciate you spending your time to try and avoid it happening to others.
I really understand it must be personal after you gave them the benefit of the doubt for things to turn out the way it did.
February 07, 2018, 03:00:05 PM
Clearly a real product - lots of endorsements on the Futereum page about this too from Hero, Senior etc members at bitcointalk. ODDIN - not sure of your agenda here but there are rules here about this sort of spam. You seem to be referring to a completely different project so this sort of constitues spam (not really, but almost - bad enough though).
youre hopeless daniel.
Quote
So tell me - is monkey capital - m0nk3y not involved in ZUR at all? dont make me laught. You are the guy who did not paid bounties for your own project, your ass was saved by your own community - which youre scamming now. https://bitcointalksearch.org/topic/m.21653212
ok lets strip this crap - see the img
1 - Both accounts sxc and digger changed passwords & emails recently.
2 - Both account have activity gap between summer and 3rd december 2:40 pm in same thread (LOOOOL what an unexpected coincidence Smiley
3 - Sxc account trust is so bad that digger guy had to fake some to lift it up so its looks valid https://bitcointalk.org/index.php?action=trust;u=231646 LOL
Both of those accounts are bought by same person (leader of monkey capital) and now used for grooming bitcointalk community into buying ZUR, which price is now artifically lifted by paid "press releases", and funds monkey.capital guy skimmed from his own community by dumping supply during another swap. See img below
You can easly notice same manner of writting and lots of information about project not avail to anyone else. He actually taking to himself, trying to make a buzz
ok lets strip this crap - see the img
1 - Both accounts sxc and digger changed passwords & emails recently.
2 - Both account have activity gap between summer and 3rd december 2:40 pm in same thread (LOOOOL what an unexpected coincidence Smiley
3 - Sxc account trust is so bad that digger guy had to fake some to lift it up so its looks valid https://bitcointalk.org/index.php?action=trust;u=231646 LOL
Both of those accounts are bought by same person (leader of monkey capital) and now used for grooming bitcointalk community into buying ZUR, which price is now artifically lifted by paid "press releases", and funds monkey.capital guy skimmed from his own community by dumping supply during another swap. See img below
You can easly notice same manner of writting and lots of information about project not avail to anyone else. He actually taking to himself, trying to make a buzz
https://bitcointalksearch.org/topic/ann-zurcoin-quark-mining-algo-3-years-old-update-version-01051-391806
tldr: bitdigger, futereum, sxc, -------- same person.
February 07, 2018, 07:56:34 AM
Think EOS, if you ever mined eos you know that your going to sell it at a few percentage points higher than the trade price. Thats what i was hoping the devs were putting out there and my obsession with listing on exchanges i can sell for fiat. Mine - sell for fiat - buy ether -mine Rinse and repeat. This is what alot of us do with eos and its reasonably profitable.
as for Odinn, the dev has said things went wrong in those projects listed above and well the writing is there to prove it. Community looks out for each other and i expect no less from anyone in crypto. Its up to an individual now to decide if the smart contract is good and the DEV is making the right steps to make the project successful.
as for Odinn, the dev has said things went wrong in those projects listed above and well the writing is there to prove it. Community looks out for each other and i expect no less from anyone in crypto. Its up to an individual now to decide if the smart contract is good and the DEV is making the right steps to make the project successful.
February 07, 2018, 01:53:08 AM
Really? FUTEREUM is running on Ethereum Blockchain right? Why you said your token can be mining? I klnow a little bit about POW, POS dPOS. But so far i am still not understand about what POV is. I thought this is like automated ICO with smart contracts. Correct me if i wrong.
Yes, it is running on Ethereum blockchain. I don't really understand the details either, but my impression is given the WP etc that I think the whole proof of value thing is meant to be a product enhancement of proof of work blockchains, not a protocol by itself. That goes back to the idea of this derivative utility I suppose. It's actually quite a clever discovery once you get your head around it, though if it doesn't come naturally to you then I sympathise with you. Either way wouldn't spend too long on it as it seems more concurrent with financial markets innovation than core dev of any sort 
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