Topic: [ANN] [FUTEREUM X (FUTX)] [Ethereum Blockchain Derivatives Contract] - page 3. (Read 1149 times)

Keeping tabs on this, it's caught my attention for sure 

Your Tweet, if you want to thank the addresses that you will always find on my Twitter page https://twitter.com/Bill_Djons/status/959740089751531520

One of the biggest pluses of the token is its usability in short-term cycle / arbitrage trading via Futerex Exchange that goes live on Sunday.

Imagine PPC is $x per ETH. One possibility is to send say, 1 ETH to the fee-miner and then receive FUTR/X. Use the 114 FUTR/X to buy PPC at a fraction of the ETH value; send the PPC to an exchange where it is traded against ETH and cash out at 1.x ETH. There will be numerous possibilities such as this with the range of pairs FUTR/X is traded against.

i think its a  proof of scam.its a badly time here

Hmm looks solid, watching this and will mine few coins.

Thanks. There is an interesting discussion on Proof of Value mining over at the FUTR thread too: https://bitcointalksearch.org/topic/m.29499437

Futereum has been solid and I can see an exchange is in the works. It's got one of the most appealing potential use cases of any token out there, ironically, given that it's a derivative. In fact, all these coins and tokens: ZUR, FUTR and so on seem to me to have wonderful utility all things considered. So happy to give FUTX a shot in the dark, especially with the launch of Futerex Exchange. Good luck with the project(s)!

FUTR & FUTX are utility derivatives enabled via the Futereum Smart Contract and powered by the Ethereum Virtual Machine. By employing a Fibonacci algorithm in the process of undertaking a reverse-mining of Ether (ETH), FUTR/X simulate Ether Derivatives Contracts and allow traders to maximize pricing efficiency of digital assets sales and purchases.

FUTR
FUTR is a long-cycle Ether derivative utility token that is always supported by a minimum amount of Ether stored in the Futereum smart contract. Traders stand to maximise up to 8x the amount of Ether employed in the value mining of FUTR via a swap that happens at the end of the asset’s value mining cycle. There is simply no asset on the Blockchain with the same alpha coefficient trading functionality as FUTR.

FUTX
FUTX is a short-cycle Ether derivative utility token that is always supported by a minimum amount of Ether stored in the Futereum smart contract. With exactly the same algorithm employed in the token’s smart contract as for FUTR, FUTX is for traders and digital asset purchasers who are looking for a digital asset with intra-period Beta maximisation with time-enhanced efficiency.

FUTR is a long-cycle Ether-based derivative utility token whereas FUTX is a short-cycle Ether-based derivative utility token. This means that while FUTR has a long value mining schedule between cycles, FUTX has a short value mining schedule between cycles. Therefore, whereas the price of FUTX will fluctuate greatly in the course of months as the smart contract speeds through a range of different mining levels and cycles, the price of FUTR will rise gradually and steadily over the course of the same period. If you take these two assets into account as trading pairs, this duality results in a significant number of short-term trading possibilities with significantly reduced risk and amplified returns. Further, the possibility of arbitraging and/or short term trading the Ether price is also amplified by the presence of long-cycle and short-cycle Futereum contracts.


FUTX AT A GLANCE

•   A utility token that exists in ERC-20 format on the Ethereum Blockchain with exponential price curve due to “final-level rollover(s)”

•   The world’s second Ether-based futures contract

•   The world’s second derivatives contract to be put on the Blockchain

•   It’s FUTR to the power of x – time-enhanced FUTR

•   An easily mineable token that is minted simply when you send ETH to a smart contract address


WHY FUTX?

1.   For those who already own FUTR, FUTX is a no-brainer – it’s a rapid-cycle, miniaturised version of FUTR that will trade on exchange at Futerex against major crypto currency pairs and on other exchanges  

2.   As for FUTR, FUTX safely stores your ETH in a smart contract address that is inaccessible to anyone but you until the point when it becomes eligible to swap back for Ether

3.   FUTX swaps between 4-12 months (depending when all FUTX is issued) for a share of over 5,000 ETH, giving it permanent loaded value

4.   FUTX is the last pure Ether derivatives contract Futereum will issue


HOW TO GET FUTX

A miner sends ETH to the smart contract address:

0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F

The value miner will receive back between 2-114 FUTX in return for 1 ETH (or a fraction thereof) depending on the mining level at the point of sending (mining levels get harder as more FUTR are mined). 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.


MINING FUTX

FUTX undertakes Proof of Value (POV) mining. To mine FUTX, copy and paste the following address into your wallet and hit send:


Do not use an exchange wallet!  

Make sure your gas limit is at least 60,000.  The transaction requires more gas as it sends the tokens will be sent immediately to you in the same transaction.
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EXCHANGES
FUTX will be openly trading on Futerex, against the following pairs: BTC, BLK, BTG, DOGE , DASH, ETC, OMG, LTC, ART, XMR, PPC.

OFFICIAL LINKS
Official Website: http://futrcoin.com
Telegram Channel: https://t.me/futereum
Twitter: https://twitter.com/futereum
Reddit: https://www.reddit.com/user/futereum/
YouTube: https://www.youtube.com/channel/UCEIb2yzvve2nog_3MQhQtag
News: http://thecurrencyjournal.com/futereum-updates-website-to-futrcoin-com-introduces-futereum-x-futx/618/
Press Release: http://thecurrencyjournal.com/wp-content/uploads/FUTX-PRESENTATION.pdf
Whitepaper: https://futrcoin.com/wp-content/uploads/2018/01/FUTR-WP2_0_cp.pdf
Contract Source Code: https://etherscan.io/token/0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F#code
FUTX Block Explorer: https://etherscan.io/token/0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F


SMART CONTRACT FEATURES
•   Name: Futereum X
•   Symbol: FUTX
•   Fibonacci mining algorithm  
•   Total Supply: 67,400 FUTX min.
•   ETH exchange: 5,020.67
•   Cycle Period: 3-12 months