[ANN]FTS | POW | ONLY COIN WITH POB- PROOF OF BUSINESS - page 3.

FTS Coin: A Peer-To-Peer Electronic Private Transaction System
www.ftscoin.xyz

THE ONLY COIN WITH POB
Proof Of Business

FTS Coin is the only coin that can be earned by teaching new businesses about cryptocurrency in addition to being mined via POW. Every time you get a new business to start accepting cryptocurrency and upload a video of it to FTSMothership.info you are rewarded with a set amount of FTS Coin. This means a coin that can spread cryptocurrency mass adoption as it grows.

While electronic peer-to-peer cash systems have been a growing part of the evolving economic paradigm the past 10 years,emerging as we embrace a new age of technology, there is still much room for improvement with this new software. FTS Coin hopes toaddress some of these areas for improvement, including but not limited to; Privacy, POW centralization, slow transaction times, high transaction fees, confusing transaction systems, and the loss of seed phrases. By addressing these issues and offering solutions to them, and using FTS Coin to help spread mass adoption through our POB distributions, we hope to help drive cryptocurrency towards mass adoption!

FTS had an 8% premine that was released from block zero, this premine of 2,000,000 coins is being used to further the coin and support the POB system. The distribution of these 2,000,000 coins will be laid out in this section with as much detail as is possible.500,000 of this premine will be used towards tech bounties for further development. As the coin develops, and the community using it grows, it will be common place for the FTS Coin team to release bounties available for coders and developers that can accomplish certain tasks. These bounties will be based on the need for, and difficulty of, the work being sought out. 500,000 of this premine will be used toward marketing and promotion. This will include a combination of promotional air drops, rewards for IRL promotional activities, rewards for social media promotion, as well as any other advertising or promotion the FTS team feels will help move the coin forward.

500,000 of this premine will be used toward the POB system. The POB system will offer individuals FTS coin for teaching businesses about cryptocurrency, and
getting them to start accepting any cryptocurrency currently on the market. More details will be available on the POB system later in this whitepaper.
50,000 of this premine will be used for ecosystem development, in any form that may take; Including FTS only crypto stores, services soley funded by FTS coin, or any other activity that will help support the value of FTS coin. The remaining 450,000 FTS coins is being used toward initial development fees.

FTS Coin will be launching in its initial forms as a Cryptonote forked privacy coin, with a total supply of 25,000,000 coins. This distribution of 25,000,000 coins
should complete after 100 years with the reward for each block steadily decreasing over time. This is the roadmap for our current plans with the technology; Though it is likely we may add items to this agenda, it is highly unlikely we will take any of these items out of our future plans.

Phase 1-Genisis
The blocks average just under 2 minutes each with transactions being handled privately as detailed above, and blocks being mined with an ASIC resistant POW algorithm. The coin will be launching with CPU mining options and terminal wallets, as well as easy to use GUI wallets for Windows, Linux and Mac.

Phase 2-Pool Mining and Phone Wallets
At this stage FTS Coin will be adding Pool Mining and android and/or IOS wallets for the coin. These added options will help expand both the miner, and user, base for the coin.

Phase 3-Easy Mining, Messages & Exchange
Phase 3 of FTS Coin will involve adding an easy “mine now” button to the GUI
wallets, as well as adding the ability to send private messages from the wallet.We hope to implement the easy “mine now” button as a part of our effort to
spread cryptocurrency mass adoption. We feel an ASIC resistant system that easily provides the ability for people to be engaged in the network and help contribute to its security, not only provides a more decentralized and solid network, it also provides a platform for new people to become invested in the system of cryptocurrency itself by engaging in the competition for block rewards.
By providing a means for people to send encrypted messages, with a timed self destruct mechanism, over a secured network that also allows for private transactions; We hope to provide a means for complete private business interactions in the field of legal
and medical consultations. This will be extremely useful for people that wish to interact with lawyers or medical professionals remotely, and privately, while streamlining both payment and the consultations being paid for under one software mechanism. At this point we will also be buying our way onto an exchange if one hasn’t become available to the coin, for free, from the crypto community.

Phase 4-POS/POW Hybrid
Proof of Stake will be coming at this stage. In order to help create incentive for people to hodl their FTS Coin we will be conducting a hard fork of the system to add on POS options. Thus allowing people to obtain FTS Coin by holding onto it, providing POW to help network security, or introducing new businesses to FTS Coin with our POB system on www.ftsmothership.info

Phase 5- Biometric Seed Integration
The fifth and final stage of the planned tech road map for the FTS Coin software involves adding a secondary means for wallet generation. People at this point will be able to generate a standard legacy address with a word seed, as is currently common in cryptocurrency. Alternatively they will be able to start using the camera and fingerprint scanners on their phone to choose a combination of bio-metric data to be used in connection with an algorithm that translates this information into the seed for your SHA 256 algorithm. Through this method people will be ensured that as long as they still
have key body parts they will have the seed itself for their wallet, and should be able to
use any phone to download the wallet software and recover their funds.

Proof Of Business
500,000 FTS from the premine will be going towards the Proof Of Business mechanism, or the POB. People will be able to turn over a 10 second + video of a business owner saying they now accept cryptocurrency thanks to the recorder, and the person that sends in the video will receive FTS Coin in compensation. The first 2,000 submissions will receive 50 FTS coin each for submitting these videos on www.ftsmothership.info after the information has been verified. The next 4,000 submissions will receive 25 FTS coin for their submission. The amount of FTS Coin received for a submission will continue to half like this every 100,000 FTS coin until 50,000 FTS Coin is left in the POB fund. At the point the FTS POB Fund wallet only has 50,000 FTS Coin left people will receive 1 FTS for every business they submit.
For the FTS POB Submissions; It is not necessary the business started accepting
FTS Coin. The only thing that matters is that they started accepting any form of cryptocurrency at all, and were willing to take a video thanking you for teaching them about it. The point of this is to support cryptocurrency mass adoption, not just FTS
adoption!

FTS website： http://ftscoin.xyz/
More application：https://ftsmothership.info
Algorithm: CryptoNight Turtle
Total supply of 25,000,000 coins
GUI wallet：https://github.com/ProjectFTS/FTS_COIN/releases
CLI wallet：https://github.com/ProjectFTS/FTS_COIN/releases
Android wallet : https://play.google.com/store/apps/details?id=com.ftsvault
Paper Wallet：https://projectfts.net/ftscoin-paper/index.html
Whitepaper：https://github.com/ProjectFTS/WhitePaper
Pools list ：http://ftscoin.xyz/pools
Explorer：http://ftscoin.xyz/block
Twitter：https://twitter.com/fts_coin
FTS Reward / Chat channel：https://discord.gg/xhFdQHc

FTS COIN MINING POOLS STATE LIST :
https://miningpoolstats.stream/ftscoin
MINING SOFT:
CPU & GPU (AMD/NVIDIA) https://github.com/fireice-uk/xmr-stak/releases/
XMRIG for AMD GPU https://github.com/xmrig/xmrig-amd/releases/
XMRIG or Nvidia GPU https://github.com/xmrig/xmrig-nvidia/releases/

Exchange:

Asymetrex
https://asymetrex.com/markets/ftsbtc

CoiniX
https://coinix.xyz/
https://coinix.xyz/BTC?c=FTS
https://coinix.xyz/FTS?c=DOGE
https://coinix.xyz/FTS?c=BCH
https://coinix.xyz/FTS?c=DGB
https://coinix.xyz/FTS?c=ETH
https://coinix.xyz/FTS?c=LTC

FTS Market links add to http://ftscoin.xyz/
a vendor based site similar to sites like fiverr, where people can do remote work for FTS coin- https://ftsforwork.xyz/
a vendor based art site where people can sell their art for FTS Coin- https://artforfts.xyz/
US based kratom retail site- https://kratomforfts.xyz/

Topic: [ANN]FTS | POW | ONLY COIN WITH POB- PROOF OF BUSINESS - page 3. (Read 985 times)