Bitcoin Forum

Alternate cryptocurrencies => Marketplace (Altcoins) => Topic started by: futereum on January 06, 2018, 09:17:30 AM



Title: [BOUNTY] [FUTEREUM (FUTR)] [Ethereum Blockchain Derivatives Contract]
Post by: futereum on January 06, 2018, 09:17:30 AM
See: https://bitcointalk.org/index.php?topic=2698035.0 (and below).

Futereum is now actively mining! This project will continue mining non-stop for most of 2018 and we want a good, honest, hard working, active team and are willing to pay for them!

We require Twitter, FB, blog posts, China, Spanish, Korea etc. translators. Bounties will be paid out of a special secure wallet by arrangement containing approx. 5% of all the FEES received in ETH from the smart contract (around 2,500 ETH total). E-Mail calvin.waters@futereum.org or send DM here if you have:

1) A solid social media profile and track record inside crypto rooms etc.
2) Translation skills (fast)
3) Videos, blogging etc. ability and aptitude for write-ups
4) Community skills and especially if you have:
5) a community of all the above ready and willing to work!

This is destined to be one of the largest projects on Blockchain and so only highly-skilled, ambitious people need apply. If that is you - let's hear from you!


FUTEREUM (FUTR)

The World’s First Smart Contract Enabled Utility Derivative

FUTR is a utility derivative enabled via the Futureum 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 simulate Ether Derivatives Contracts while giving holders whitelisted access to similar future product releases. Created by a former Ethereum developer in combination with leading financial engineers, FUTR offer miners not only core Blockchain utility but Ether-based derivative utility functions.



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THE FUTR OF CRYPTO

How FUTR Harnesses Three Types of Blockchain Payment Utility
FUTR employs a Fibonacci algorithm in the Ether-based mining of its smart contract, and then after a fixed period it applies an alternate linear algorithm in undertaking the exchange of FUTR tokens back for the Ether that was used to mine  the contract:

CORE UTILITY: Utility that pertains to the token’s core functionality. FUTR core functionality is as a proof-of-membership stake in The Futureum Foundation project which enables white-listing for priority payment utility to future projects.

EXCHANGE UTILITY: The exchange of Crypto with other Crypto in the form of trading is the first form of utility to blurs the line between payment mechanism and payment receipt. FUTR harnesses this utility to execute two exchanges on alternate algorithms.

DERIVATIVE UTILITY – After ETH mines FUTR, a smart contract holds the ETH safely for a fixed period and then switches it back for FUTR on a different algorithm to the one that mined it, creating leveraged-simulated returns.


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FAQ


What is a Futereum Utility Token (FUTR)?
Futereum (FUTR) is a revolution in payment utility economics. It is a smart contract on the Ethereuem network which allows anyone to harness returns for ETH similar to those created via a financial futures contract on any global financial market (25,000%+). At the same time, FUTR is a unique payment utility that works like a call option on the payment currency itself. In this way, merchants are able to charge their customers progressively less over time while making much more in treturn for the same goods and services.

How does FUTR achieve these things?
Primarily by employing a Fibonacci algorithm in combination with the Ethereum Blockchain’s smart contract functionality, when combined with price fluctuations in the underlying mining currency Ether, FUTR harnesses net present value at all times better than any other currency on the Blockchain.

How does FUTR achieve these things?
Primarily by employing a Fibonacci algorithm in combination with the Ethereum Blockchain’s smart contract functionality, when combined with price fluctuations in the underlying mining currency Ether, FUTR harnesses net present value at all times better than any other currency on the Blockchain.

Who can mine FUTR?
Anyone can use ETH to mine increasing difficulty levels of FUTRs over a 12-36 month time frame, in much the same way as original Proof-of-work miners use electricity costs to mine POW Crypto. After the predetermined period, FUTR holders are eligible to swap FUTR for a commensurate amount of ETH that is held by the smart contract.

How Does FUTR payment utility work?
By harnessing derivative utility, whereby mining becomes more or less expensive to do partly as a result of the ETH price and partly as a result of the mining level, FUTR offers merchants and service providers a way to charge less to their customers even as they potentially receive more in return. We expect that the merchant accepting FUTR should record a sharp rise in revenue at the start of every mining level as customers seek to take advantage of paying in less FUTR for the product(s) or service(s) concerned even as those same customers are getting a relative discount on the pricing.

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MINING FUTR

FUTR undertakes Proof of Ether (PoE) mining. To mine FUTR, copy and paste the following address into your wallet and send as many or as little ETH as you want:

0xc83355eF25A104938275B46cffD94bF9917D0691

Mining is according to the following schedule:

LEVEL 1 / 114 FUTR/ETH / 1m FUTR
LEVEL 2 / 89 FUTR/ETH / 900k FUTR
LEVEL 3 / 55 FUTR/ETH / 800k FUTR
LEVEL 4 / 34 FUTR/ETH / 700k  FUTR
LEVEL 5 / 21 FUTR/ETH / 600k FUTR
LEVEL 6 / 13 FUTR/ETH / 500k FUTR
LEVEL 7 / 8 FUTR/ETH / 400k FUTR
LEVEL 8 / 5 FUTR/ETH / 300k FUTR
LEVEL 9 / 3 FUTR/ETH / 200k FUTR
LEVEL 10 / 2 FUTR/ETH / 100k FUTR

If all levels are completed by GMT: Saturday, January 5, 2019 9:12:07 PM then all FUTR will be eligible to swap back with the ETH held in the smart contract on GMT: Saturday, February 9, 2019 9:12:07 PM. If any levels remain unmined after the completion date then the swap date will be moved back by 24 months.

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FUTEREUM FOUNDATION TEAM

James Hurst - Founder
Tufty Roberts - Business Development & Marketing
Tehol - Developer
Emily Bianchi – Developer
Sophia Chilton - Developer
Pal - Web Developer
Amanda Jenkins - Public Relations Manager
Calvin Waters – Publisher & Editor

The Foundation Team is not the same thing as the management team of the project. The Foundation Team is solely responsible for undertaking the core development. The present founder James Hurst is in the process of integrating The Futereum Foundation with a major Blockchain and fintech parent company, under which a private subsidiary will be established. This subsidiary for-profit company will become the beneficiary of 25% of all the project revenues. TheFoundation will receive tradeable securities in return for forfeiting such revenue. The company’s management team will mostly consist of a newly-appointed board, however, the core developers and foundation team will remain in place directing the project accordingly from the standpoint of overseeing the not-for-profit foundation. This set-up is in the opinions of the foundation members the most robust structure for ensuring project health.

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EXCHANGES
FUTR will be trading on 1 exchange from 2/2/18 and on an additional 2 exchanges by no later than 31/12/18

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OFFICIAL LINKS
Official Website: http://futereum.org
Telegram: https://t.me/futereum
Twitter: https://twitter.com/futereum
Press Release: https://www.pr.com/press-release/740650
News: http://thecurrencyjournal.com/ripple-xrp-futereum-futr-demonstrate-how-real-life-financial-markets-will-impact-crypto-in-2018/369/
Whitepaper: https://futereum.org/wp-content/uploads/2018/01/FUTR-WP2_0_cp.pdf
Contract Source Code: https://etherscan.io/address/0xc83355ef25a104938275b46cffd94bf9917d0691#code
FUTR Block Explorer: https://etherscan.io/token/0xc83355ef25a104938275b46cffd94bf9917d0691


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SMART CONTRACT FEATURES
•   Name: Futereum Utility Token for Ether
•   Symbol: FUTR
•   Fibonacci mining algorithm  
•   Total Supply: 6,730,000 min.
•   ETH exchange: 425,056 min.
•   Mining Period: No min. period - 36 months
•   Deadline for tiers filled: GMT: Saturday, January 5, 2019 9:12:07 PM
•   Swap start: GMT: Monday, February 4, 2019 9:12:07 PM
•   Swap end: GMT: Saturday, February 9, 2019 9:12:07 PM