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Topic: Florincoin. The monster you haven't heard of. Time to buy. (Read 50619 times)

member
Activity: 161
Merit: 20
Is Florincoin still alive?
sr. member
Activity: 437
Merit: 260
balance
how to expand the coment in the chain?

to cover more text?
You can use js-oip to publish a longer payload to the chain, or, you can put some metadata tags in the chain and put the longer text in IPFS or some other decentralized storage provider.

https://www.npmjs.com/package/js-oip


Some examples of creating a front-end for OIP
https://github.com/floblockchain/oip-express
newbie
Activity: 4
Merit: 0
how to expand the coment in the chain?

to cover more text?
sr. member
Activity: 437
Merit: 260
balance
CoinDesk
CoinDesk wrote an article about the history of the last 6 years of FLO development.

https://twitter.com/coindesk/status/1126338245783183360
https://www.coindesk.com/florincoin-the-2014-altcoin-you-dont-remember-is-attracting-real-users

Caltech
Caltech researchers co-wrote a paper with the FLO team on open contribution scientific data using the FLO blockchain. The paper was published in the PLOS One scientific journal.

https://www.caltech.edu/about/news/electron-tomography-database-changes-game-scientific-data-distribution
https://twitter.com/Caltech/status/1125477854785998848

Medici Land Governance
MLG workshop on building a register with FLO and open source software.

https://twitter.com/cchrysostom/status/1112799865589784576
https://www.youtube.com/watch?v=S9Zf12bhvwA

Forbes
FLO was included in a list of "Blockchain's Billion Dollar Babies" on Forbes.
https://www.forbes.com/sites/michaeldelcastillo/2019/04/16/blockchain-50-billion-dollar-babies/#5e34316a57cc

Telegram

Join our Telegram https://t.me/floblockchain

Github
https://github.com/floblockchain/ is our github
https://github.com/oipwg/ for OIP / Alexandria related items

Go with the FLO
full member
Activity: 686
Merit: 101
Looks like he's recovering a little. It is not easy to do business in the market. It is not easy to do business in the future. I think it could come to better places in the future. We shouldn't miss the bull season.
newbie
Activity: 4
Merit: 0
source on git?
member
Activity: 151
Merit: 11
after the huge crash,  it's starting to recover now
newbie
Activity: 23
Merit: 0
I found a medium post with several reasons why this monster might be considered to buy Wink

https://medium.com/@valueprop/florincoin-the-tzero-connection-66697c81c873

Florincoin — The tZERO Connection

It’s all connected
You likely haven’t heard of Florincoin, but there is a good chance you have heard of tZERO, which has been generating massive interest from institutional investors. tZERO is the blockchain focused subsidiary of Overstock.com, launched by its CEO and early cryptocurrency adopter, Patrick Byrne. Overstock originally became involved in cryptocurrency when it became the first major retailer to accept Bitcoin back in 2014. Overstock’s involvement in the blockchain space only continued to grow after that, leading to the formation of tZERO as a distinct subsidiary of the company. In this article, I will present a brief background of tZERO and Florincoin, explain the critical role Florincoin will play in the tZERO platform, and why I believe it may be massively undervalued.

The tZERO Objective
tZERO aims to provide the first platform in the world which allows for the trading of blockchain backed securities. Issuing traditional securities on the blockchain is one of the most promising new applications of blockchain technology, and Wall Street is positioned to be heavily disrupted by it. To put things into perspective, the U.S. stock market alone is worth over $30 trillion, and tZERO aims to capture as much of that value as it can. Institutional and accredited investors recognize the massive potential that tZERO has, as evidenced by the fact that it is now worth more than its parent company. Unfortunately, the average crypto enthusiast did not have an opportunity to partake in the tZERO token sale, which raised $134M, as it was limited to accredited and institutional investors, but all is not lost. This is where Florincoin comes into the picture, and how it enables you to gain exposure to tZERO.

What is Florincoin?
Florincoin (FLO) is a relatively unknown cryptocurrency that was launched on June 17th, 2013. FLO had no premine, or ICO, and at the time of writing, has a marketcap of only $5,062,035. It features a 40 second block time, and roughly 145,647,505 FLO of the 160,000,000 max supply is currently in circulation. Florincoin’s standout feature is its ability to store meta-data, allowing it to serve as a worldwide public record for storing information. In order for a user to store information on the FLO blockchain, FLO coins are used to pay a storage capacity fee, after which a transaction comment is published to a subsequent block. This meta-data storage feature is also integrated with what is known as the Open Index Protocol, or OIP, a protocol designed for decentralized publishing, distribution and payments of any digital media, and also supports IPFS for file storage/distribution. By utilizing the meta-data storage feature of the FLO blockchain, dApps can be built with the OIP. It is the meta-data storage feature and the OIP which connect Florincoin to tZERO, and what may give it the potential for a valuation that is far, far higher than where it currently stands.


Directly from the FLO website dApps page
In the next section I will cover just how Florincoin integrates into the tZERO platform.

Security Transaction Records in a Blockchain World
tZERO uses software known as Digital Locate Receipts, or DLR, in order to store a record of every single transaction that occurs on the platform. This transaction history is stored on the Florincoin blockchain, and it is able to do this through the OIP integration with the DLR software. For every single transaction on tZERO, FLO is spent in order to store a transaction comment on the blockchain. It is in this way that Florincoin plays an integral role within the tZERO platform.

Given the important function of Florincoin in the tZERO platform, and the incredibly high profile nature of tZERO itself, you would think more people would be aware of this, but that could not be further from the truth. A Google search of “tZERO Florincoin” really only turns up two results that are specifically on the connection between the two, and even then, you wouldn’t find these results unless you already knew what you were looking for.


Yepppppp, that’s it.
So how is it possible that this knowledge is so hidden from public view? Well, there are a few factors producing the obscurity. Florincoin is quite old in the grand scheme of blockchain. It also only has a marketcap of $5,062,035, and a rank of 514 on Coinmarketcap. To the vast majority of people in the blockchain space, if it isn’t in the top 100, maybe top 200 at most, then it effectively doesn’t exist. Couple that with its age, and you’re really only going to remember this thing if you were around in 2013–2014 or so.

The second reason for the obscurity is the fact that tZERO itself makes no direct mention to Florincoin anywhere that you would readily find it. As a matter of fact, finding out about the role of Florincoin in tZERO effectively boils down to luck, and having sharp eyes. In the next section I will take you down the same path I did in discovering this partnership, and provide all of the sources used to confirm it.

A Trail of Breadcrumbs
My journey began with the simple question, “What blockchain platform does tZERO run on?” It’s important to first note that there are effectively two components at work here; the native tZERO token for which an ICO was done, and the blockchain on which security trade history is stored upon (Florincoin). The tZERO token itself is a simple ERC-20 token, that has nothing to do with the process of transaction record storage. The tZERO token is of no concern to us right now. That said, the first place I looked to try and discover the platform was the tZERO website.

If you scroll down on the tZERO website you will see a Demo Videos section. The video of interest to us is the one on DLR. This video can only be directly found on the tZERO website, as it is unlisted on YouTube. At exactly 01:28 into the video, the speaker begins going into detail on how trade history and details are stored on the blockchain, and you will soon see this:


Notice something?
If you look at the top left of the image, you will see none other than Florincoin. The speaker of the video then pulls up the Florincoin block explorer and directly shows the transaction. If you did not catch the Florincoin detail in this video with your own eyes, then you would have completely missed it, as Florincoin is not directly mentioned by name anywhere in the video, or in text anywhere on the website.

Upon discovering Florincoin, more research was required, and I made my way to the Florincoin website. Once there, if you go to the dApps page and scroll down, you will be presented with none other than this:


That’s confirmation number two on the Florincoin and tZERO connection, but that’s not the only relevant piece of information on this page. If you look at the dApp directly to the right of tZERO, you will see this:


That name sounded familiar, and I quickly remembered why. If you go to the tZERO telegram page and scroll up to the announcement made on August 1 of this year, you will see an announcement specifically about Medici Ventures. Turns out that Medici Ventures is yet another blockchain related subsidiary of Overstock. Medici Ventures aims to build a property rights registry on the blockchain, and what blockchain are they using? None other than Florencoin. Additionally, remember that announcement that was on the telegram page? It turns out that Medici Ventures just signed a partnership agreement with World Bank.

Lastly, there are two sources from the Overstock CEO, Patrick Byrne himself. The first comes from an interview that Patrick Byrne had with BlockchainNewsKorea on 04/23/18, in which he explicitly states that tZERO is using Florincoin.

There it is, the first official confirmation from an Overstock/tZERO employee, and from none other than the CEO himself. Funny enough, in the video format of the interview, the entire question involving Florincoin has been edited out. Hmm, I wonder why that could be? It’s almost as if Florincoin is deliberately being kept obscure…

Finally, we have the public audio recording from the Overstock Q2 Earnings Call, which took place on August 9, 2018. Remember that OIP thing that was discussed earlier? Listen closely to what Patrick Byrne states, beginning at 59:10. Here is a transcription of the recording:

So, a real business model has emerged, including — I’m very excited about a revenue model that’s buried in here, but for competitive reasons [chuckling] I don’t want want to mention it, but it’s very — this whole new approach is — actually, why not give them some credit. There’s uh, there— I don’t know why we aren’t giving them credit. We’re building a bunch of the technology in OIP, and OIP, uh, is a open source technology that lets sort of an alternative to patents. It lets you create technology, and as people use it, it generates revenue for the person who created it.
There you have it. By this point it should be readily apparent that tZERO will be utilizing Florincoin to enable a critical function of its infrastructure. In the final section of this article, I will elaborate on how tZERO successfully disrupting Wall Street will affect Florincoin, as well as my personal opinion on what kind of valuation Florincoin can achieve.

The Bottom Line
tZERO will be using Florincoin to store the record of every single trade that occurs on its platform. In order to store information on the Florincoin blockchain, FLO must be spent, and that is for each and every transaction. tZERO aims to disrupt Wall Street by offering a trading platform for blockchain backed securities. Institutional and accredited investors recognize the immense upside potential that tZERO has if it achieves its objective, as evidenced by Overstock shares jumping over 20 percent in a matter of hours, shortly after their Q2 earnings call. During that same earnings call, it was announced that the private-equity firm GSR Capital will invest up to $270M into tZERO, at a valuation of $1.5B. This was the same earnings call mentioned previously, where CEO Patrick Byrne describes Florincoin while carefully avoiding use of its name.

To put the disruption potential into perspective, roughly 2–6 billion shares are traded on the NYSE each day. Using August 10, 2018 as an example, approximately 3,185,152,141 trades occurred. Can you imagine how much FLO it would take per day to store the trade history on the blockchain, if tZERO were to capture even 5% of that daily trade volume? That is exclusively using the NYSE as an example. If we combine the number of shares traded per day on both the NYSE and Nasdaq, the number of FLO needed is even higher, and that’s still not taking into account other global markets. Unlike traditional securities markets, trading on tZERO may potentially be 24/7 365, and will feature the ability to buy partial shares. Those two factors alone are revolutionary, and have the potential to massively increase the trade volume. Furthermore, it’s important to remember that tZERO is not the only dApp running on the Florincoin blockchain, which only increases the daily number of FLO spent on storage space.

All that said, here’s a reminder that Florincoin currently has a marketcap of only $5,062,035 and 514 on Coinmarketcap. When you consider the valuation of tZERO, as well as the integral role that Florincoin functions in the tZERO system, I can’t help but feel that Florincoin may be massively undervalued.

Conclusion
The conclusion I came to after doing all of the research I have shown here, is that Florincoin may have massive untapped potential, and is the equivalent of a diamond among coal. The best comparison in blockchain that I can think of, in terms of situation, not function, is AntShares (now NEO). After AntShares launched in late 2016, it quickly fell off the map, and effectively became a hidden gem, just like Florincoin. For most of 2017, AntShares had a marketcap between 5 to 6 million dollars, until it came to exist in the public eye once more. Once AntShares was discovered, and then shortly after it became NEO, it rose ~170,000% in one year from its low to the ATH. This is just my personal opinion, but based on all the information provided, I believe Florincoin may be positioned for exponential growth, especially considering that it is currently the only way for the average crypto speculator to gain exposure to tZERO, besides buying shares in Overstock itself.

I’ve provided the facts, I’ve stated my opinion, and now it’s time for you to form your own. Florincoin can be purchased on Bittrex, and for more information I advise visiting the Florincoin website and its page on Coinmarketcap.

*The information presented here does not constitute financial advice and is merely my personal opinion. In the spirit of full disclosure, I do currently have FLO in my portfolio, which was a decision made after doing the research described here.
full member
Activity: 294
Merit: 100
Hi, you guys might rememeber me from my threads on:

Decred:  
https://bitcointalksearch.org/topic/decred-the-sleeping-giant-2017s-best-investment-1741989

Sia:  
https://bitcointalksearch.org/topic/siacoin-epic-monster-moon-1836426

Lisk:  
https://bitcointalksearch.org/topic/lisk-a-bull-market-you-dont-want-to-miss-1832027

Radium:  
https://bitcointalksearch.org/topic/rads-radium-the-sleeping-giant-fresh-news-hot-off-the-press-2084797

It's time to talk about Florincoin and their flagship product, Alexandria.  Many crypto veterans such as myself have literally been waiting for this product to be developed for years... and we just heard today that the release is just around the corner... Finally!!!

www.Alexandria.io

https://www.tradingview.com/chart/FLOBTC/GdHuin5e-20x-ROI-with-Florincoin-Alexandria-The-Decentralized-Library/



Florincoin is a relatively unknown coin that is on poloniex. It currently has ~7million dollar market capitalization and low volume / liquidity. This means it will move quickly when it does.

From a technical perspective, the price is in OTE zone. There has been significant blood and there are major bagholders who will not sell until the top. The time to buy is NOW.

Double bottom / bull div 0.09% on support. Let's go.
Just sold my Rads at this, while I know you recommended them as well ever since I bought in at 6.3$ its done nothing but fall(minus the rise to 5.75 just now) What the real potential for this?
member
Activity: 94
Merit: 10
Flo is one of the most undervalued projects nowadays, 18M market cap it's a joke, so enjoy the holding I'm sure that we would have a nice run.
newbie
Activity: 12
Merit: 0

https://twitter.com/trackingcrypto/status/991413949387112448

"In just 1 week we've found out that the metadata layer of @FLOblockchain is being used by
- Overstock's $250M ICO tZero @tzeroblockchain
- California Institute of Technology @Caltech

The 5yr old blockchain is going through a phase of rapid adoption
$flo #fintech #blockchain"


______________________________________________________

https://twitter.com/flo_today/status/991409517417107456

California Institute of Technology @Caltech has built a public Electron Tomography Database using @alexandria Open Index Protocol on @FLOblockchain

Exciting times ahead for $FLO

#fintech #blockchain #dapps #decentralize

______________________________________________________

Indeed the monster you haven't heard of

https://i.imgur.com/ztHDRt1.jpg
https://i.imgur.com/wuKol2Z.png
jr. member
Activity: 308
Merit: 2
Nice analysis... but what makes the product so special compared to others? It seems like a very competitive niche.
legendary
Activity: 2058
Merit: 1015
they are even lower now. i dont know what to think about that...10times more than 1 year ago but still down like 80%.

Aren't 80% of cryptos down 80% right now? Additionally what time frame are you using for your 80% metric - hours, days, months, years?
member
Activity: 164
Merit: 10
they are even lower now. i dont know what to think about that...10times more than 1 year ago but still down like 80%.
full member
Activity: 406
Merit: 109
Looks like Flo price is back to being very cheap.
Same as last year.
I see the development on this one is taking time.
At the same time there is so much competition in the market.
I am trying to find the roadmap.
It used to be on the website 
full member
Activity: 266
Merit: 100
It’s got a nice little run up these last few days. Lots of flo promotion on Twitter. Are people finally starting to take notice?

I've been holding for well over 6 months. This recent pump is nice, but I think it's merely just the beginning. FLO is going to blow up no doubt.
full member
Activity: 196
Merit: 100
It’s got a nice little run up these last few days. Lots of flo promotion on Twitter. Are people finally starting to take notice?
newbie
Activity: 3
Merit: 0
I began to look into and research blockchain utilities just a few months ago as I was swept up into Bitcoin frenzy (like everyone else), but as I've learned more about the different projects out there I keep going back to Florincoin as a potential gamechanger. It's a unique little coin that is going to facilitate a lot of new decentralized applications built on top of its blockchain as people begin to utilize blockchain to create content. We are looking at the potential for huge adoption. What does this mean? We're just beginning to see the real pump with Florincoin as more people realize its value.

But what do I know? I'm just HODLing tight and buying every dip. Wink
member
Activity: 134
Merit: 10
quarkchain.io
Florincoin has a lot more mooning to do.

This coin will go at least 3-5X from its current levels in 2018.

It could go 10 or even 15X I think.
This is just one of those coins. You have to hold and wait for the development !

You might very well be right 😊

I'm locked into my position that I picked up in early November for a great price, so I'm not letting it go!
full member
Activity: 406
Merit: 109
Florincoin has a lot more mooning to do.

This coin will go at least 3-5X from its current levels in 2018.

It could go 10 or even 15X I think.
This is just one of those coins. You have to hold and wait for the development !
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