https://www.foundchain.iohttps://discord.gg/gYWas35FoundChain
FOUNDCHAIN (FCHAIN) vision is to establish a trust-less (meaning requiring little or no trust) ecosystem that will enrich the lives of its participants.
An ecosystem involves the interactions of living and non-living things in a space or environment.
A trust-less ecosystem is one whereby no single actor is given all the trust to mediate as a middleman. Supported by Master Nodes (MN) and Proof Of Stake (PoS), FCHAIN aims to distribute and minimize the amount of trust required in its ecosystem.
In building a trust-less ecosystem, FCHAIN may initiate or collaborate with other parties to improve existing or create unprecedented applications and platforms that will make it easy for its participants. These improvements and creations will upset the current trust settings and provide greater opportunities as well as a more equitable distribution of rewards for all parties involved.
FoundChain
Approach
In building a trust-less ecosystem, FCHAIN may initiate or collaborate with other parties to improve existing or create unprecedented applications and platforms that will make it easy for its participants. These improvements and creations will upset the current trust settings and provide greater opportunities as well as a more equitable distribution of rewards for all parties involved.
For example, instead of a single actor matching up available room bookings for customers that require rooms and reaping all the benefits, a distributed system like FCHAIN can replace the single actor in providing the service and also assist in sharing the benefits fairly. Without a single actor as the “middleman”, our new ecosystem allows customers and users alike, to benefit and gain simply from actively participating within the ecosystem. Suppliers will also gain from having a direct and better interaction with their customers. It is a win-win situation for all parties involved.
There are countless examples where trust is given to a single actor who reaps most, if not all, of the benefits. FCHAIN aims to identify and develop such opportunities for the benefit of its participants. In order to achieve this, FCHAIN may rely on sourcing finance and mitigating risks through Special Purpose Vehicles. White paper to be released in Q4 2018 (the roadmap will have more details)
FoundChain
Specifications
Coin Ticker
$FCHAIN
Masternode Collateral
500 FCHAIN
Block time
1 minute
Algorithm: Quark; Sw Tx
Masternode rewards: 60%
Proof-of-Stake rewards: 30%
Budget: 10%
Masternode/PoS
A FoundChain Masternode is
the best way to earn FCHAIN
Staking maturity time
2 hours ~ If Masternode
setup is difficult, try staking!
FCHAIN
Coin Rewards
(60% MN / 30% PoS / 10% budget)
1,001 - 11,956 = 6 FCHAIN
11,957 - 22,912 = 8 FCHAIN
22,913 - 44,827 = 10 FCHAIN
44,828 - 66,742 = 8 FCHAIN
66,743 - 88,657 = 6 FCHAIN
88,658 - 110,572 = 4 FCHAIN
110,573 - 2,211,412 = 2 FCHAIN
2,211,413 - 4,318,252 = 1 FCHAIN
4,318,252 - 6,422,092 = 1 FCHAIN
6,422,093 - 8,525,932 = 1 FCHAIN
8,525,933 - 10,629,772 = 1 FCHAIN
10,629,773 - 12,733,612 = 1 FCHAIN
12,733,613 - 14,837,452 = 1 FCHAIN
FCHAIN Roadmap
Q3 2018
Rebranding (New name/ticker)
Core team formation
Website initial launch
Pre-sale (first phase)
Network and explorer launch
Pre-sale (second phase)
Marketing - Social media platform/bounties
Bitcoin talk
New exchange listing
Q4 2018
Mobile wallet development
Additional exchange listing
Shared Masternode partnership
Initial white paper release
Research other use cases
Website update
Q1 2019
Mobile wallet launch
Partnership matching exercise
Funding activities
Network code audit
White paper update
Q2 2019
Partnership announcement
Platform Developments
Additional exchange listing
Budget allocation/spend report
Marketing initiatives
Research and other developments
