Topic: [ANN] [FUTEREUM X (FUTX)] [Ethereum Blockchain Derivatives Contract] - page 2. (Read 1097 times)

Read here: https://themarketmogul.com/cryptocurrency-market-problem/ This is a top UK economic site so quality is vetted, don't worry. This article explains why you don't understand POV.

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.

DEFINITELY take a wait and see approach with this, yes. It is experimental - no one has ever created derivative utility tokens before and as such there are enormous numbers of things we haven't thought of yet that could happen, some for the better and others for the worse. The project that other OPs who are against this project's founder are referring to is a case in point of when things go "wrong". No one was scammed in that example but the same result can happen clearly. For instance, although we are sure the smart contract cannot be interfered with, we don't know whether different types of derivative utilities with higher performance metrics that do not correspond to the exact patent here are made available in the future? We do not know if this is some sort of innovation that may be copied in application form on exchanges and that the tokens are thereby bypassed as a means of innovative derivative utility provision. Many things can happen. We are not trying to become overly-complex, but understand this is a complex product that is part of an even more complex design. This must be front-of-mind.

Now, does FUTR always represent ETH value (-15.3% and +x% after Level 1)? Yes. Because of the re-exchange function buying and holding FUTR is at WORST exactly the same as buying and holding ETH -15.3%. At best it is about 8x better than holding ETH * whatever gains you are factoring in. That is a fact.

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). 

This is so reminiscent of previous crypto FUD though, you must see the parallels? Anyway it is a smart contract, so good luck proving how it scams anyone.

okay got it. Read few articles regarding that and you have valid points to consider here. So futx might not have future then. Let's see how this goes.

It's not FUD.

Just some facts. You can check it yourself if you want.
Look for "daniel harrison monkey capital", you will find what you need.

1 - monkey capital happened to be last summer scam - founder - daniel harrison - investors lost piles of money thanks to him dumping his tokens. Class lawsuit is in the motion. See bitcointalk topics
2 - all tokens sent to his wallet for swap (to erc20 standard) are taken hostage - community were told to BUY HIS ANOTHER TOKEN as insurance to avoid their funds being raided. I'm being serious.
3 - PRE token listed on binance - he DUMPED his own token (he owns supply) on his own community telling them to buy. This totally destroyed all market.
4 - he took over 22BTC loan from his community - and he do not want to give it back - instead he's offering his worthless shitcoins.
5 - during few months he created over 14 different tokens, and destroyed their markets. ALL failed.

Team is non existent.  (FRAUD!!!!)
All publications are made by him. (Deception)
Exchange is some monthly paid crap - given his history he will forget to pay for it, as he did with monkey.com domain.

Theres lots lots more.

avoid.

well thanks for taking time to reply, appreciate it.

crypto is tricky, the 2 other exchange listings will help alot. It is a red flag when any crypto can only be traded on its own exchange. If their isnt cashflow moving in and out of it consistently i would be concerned. I advise people to only invest as much as the daily "float" of a crypto can withstand you removing before it moves in any direction.

Claiming listing on an exchange then building one out of thin air isnt particularly endearing, nor is it functional or will it be in the short term for trading. Liquidity doesnt happen instantly. Again i will take a wait and see approach on it, a 15% loss on eth which is the risk isnt even strange in this market if things dont work out for your project and its investors

best of luck with this.

I don't know if you can raise money on how you presented this to the community. Unless, every potential investor blindly sends his eth to your address. Even without knowing who's behind it. That's why they are pointing some red flags here. So good luck addressing the fudders here.

We recognize it is very hard for you to see someone not give up, keep designing new, awesome products for Blockchain, keep improving and delivering, when all you want to see is that person fail and give up. However, you won't have such satisfaction - sorry.

Just because now that your mindless ranting has turned off the entire Telegram you invaded where we were before; just because you and your friends are frustrated that you have not got anywhere AT ALL with your FUD but instead the model is shining through, and more delivery is taking shape by the day and serving people real value, well, that is no reason to keep trolling.

It is a strange thing, FUD. At first it terrify the investor and it work to some extent. But after if the project team keep delivering and power on it just look like the crazy people and everyone abandons the fear. The time to FUD is over. There is no rational to your argument now, just cries of fear which people are quite used to now.So it seem like this will be a waste of your energy.

Therefore we suggest to you that you should really refrain from this sort of behavior of throwing out mindless accusations and unnecessarily damaging other people who you claim to protect by your ignorance. It really doesn't make you look good at all.

If you know something about blockchain history, you will know then that every major blockchain innovation has been through and survived such FUD - there was a point when everyone used to say the same things about Vitalik Buterin, things such as "Vitalik is a scammer who tried to sell me a quantum computer!" etc., "Ethereum is the IMPOSSIBLE Blockchain that cannot exist because Blockchain can ONLY do what Bitcoin Blockchain can do! No blockchain can make tokens are you crazy and delusional and living in some crazy person's world?!"  

If you do not like an idea and an innovation then simple - no one is making you buy any tokens. But you cannot say anything bad about a project that is fully-functional and in smart contract, and which has a fully-operational exchange that is custom-built, along with a fully-fledged value model with multiple interlocking (3) smart contracts that are in development and clearly nearing final delivery stage is in evidence. Have you read the recent papers explaining how the model works? Maybe you should get some facts before you shout in public. This is not the way that civilized people behave. This is not the way that we can achieve great thing; we all hate scam but how can you say project with exchange, multiple WP, multiple smart contract etc. is scam? If scam, then what is real?

It will not make you look good any more to behave as such this way merely as if you are just trolling. It's time to sit back and admit it - you lost with your wrong minded point of view. It is okay. We are all wrong sometimes. You were wrong. The project and innovations are good quality and many many people are enjoying them. Things are in delivery mode now and happy faces are all around. This project and its associated projects will be a remarkable blockchain success. Your legal case also stands no chance of being taken seriously on the hundreds of false facts you have presented. We have all read the case. We can all see the lies in it. It is FUD and we have seen this many times before.

It's OK friend, now my point is that it is time to move on with your life and stop being so angry with the world.   (ps - no this is not Daniel. He is too busy right now to tell you himself so I am trying to warn you nicely first time round.)

Futereum is Future of Crypto, and other project is proud to join with it to produce the real products everyone can enjoy.  

Green flag 1, smart contract nullifies necessity of management exposure, but the reason for this initially was as per the previous OP - too much trolling after MC so to get it going it was necessary not to reveal the management. This doesn't mean it's not an awesome product - it is.

Green flag 2, we have been very clear since DAY 1 that the object payment utility justified by its status as blockchain asset for FUTR/X is as a mechanism to seek more opportunistic pricing in pair trades across the ETH spectrum. The only way to fulfill this is to build our own exchange. If you are going to blame us for putting together an entire exchange when we are clearly planning to list on 2 additional exchanges as per WP that seems a bit unfair

Green flag 3, yes, it is called fees. No red flags here - in fact, it is how lawyers, accountants and numerous other professionals are paid. The great thing about the fee structure is it negates necessity for premine which keeps the token balance more distributed than any other token. This is FAIRER. We encourage you to look at this model more closely

Green flag 4, Yes - the "tax" is to prevent excessive premining of follow-on cycles. If you get to have such a supply advantage going into a much easier mining algorithm then why wouldn't you be forced to pay more for it? This is the appropriate incentive.

Green flag 5, Yes - we clearly brandish over the site that it is sponsored via dev and we do not try and hide this fact either. This has been the case since Day 1. This ought to be a BIG positive, surely?

Green flag 6, untrue - we were on ICOalert.com mailshot feature, we are at the top of the list on ICO-list.com and others - Google "Futereum"

In short, we do not know why these are red flags as they all seem to us to be selling points more than anything else? We are not hiding the model, the ideas etc. Sure, it is a new product trying out new ways - this is a positive for crypto in the long run. We encourage you to read the 5 reasons we especially are so positive about the Futereum products published earlier, too: http://thecurrencyjournal.com/5-things-that-make-futereum-the-future-of-crypto/669/

Red flag 1, anonymous team till exposed
Red flag 2, builds own exchange on date of claimed exchange listing for futr
Red flag 3, source contract delivers payment to developer regardless of success or failure of project
Red flag 4, Rollover is heavily taxed at 20%, in the event you do mine late and want to rollover the balance of eth remaining in the contract is taxed 20%
Red flag 5, Currencyjournal where this is advertised is sponsored by developer
Red flag 6, little to no advertisement on more established mediums

This is just my opinion and could easily be wrong. Do with it what ever you feel

SCAM, stay away

https://bitcointalksearch.org/topic/m.29682748

http://Futerex.com - Futerex Exchange is now open! 

Exchange listing and other news latest here: Latest news on exchange listing and development and other news here: http://thecurrencyjournal.com/futereum-domains-returned-to-owners-as-futerex-exchange-gears-up-to-go-live-futereum-tokens-peercoin-zurcoin-to-comprise-base-trading-pairs/639/

The team is here: https://www.reddit.com/r/Futereum/comments/7t8lq3/hi_my_name_is_daniel_mark_harrison_ask_me_anything/ (or at least, seems like the founder - some sharp q&a too by the looks of things)

To be sincere, this is likely to be a scam, there is no information on the team on their website and they are asking for blind trust, for me to send Etheres for scam coin. On there first post here, it is all about send your ether tokens. There are just looking to capitalise on what is in vogue now, Fortuna did something similar to this and it was a huge success

So it's an income-generating model whereby the tokens form an income utility of some kind but without being a security as far as I can tell, right? if that is what it is then that is truly phenomenal! Will have another read over but this looks amazing to be honest ...

It is actually part of a much greater value model which you can read about here: http://thecurrencyjournal.com/creating-profitable-payments-on-the-blockchain-a-breakthrough-innovation/600/

Could be interesting, following.