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I am following this coin! This seems to have potential! Keep up the hard work! Love the idea!! Going to read your whitepaper now.
Thank you  Glad to hear it. If you ever have any questions or would like to earn some free FTS in our community giveaways please join our discord server  https://discord.gg/hnD9fHh |
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 FTS Coin: A Peer-To-Peer Electronic Private Transaction System
www.ftscoin.xyz
THE ONLY COIN WITH POB
Proof Of Business
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!
 When you are going to launch your Bounty?I would love to join your bounty.Thanks We have bounties that become available in the discord from time to time, the easiest FTS Bounty to get that is always available is our POB earning system. POB, or proof of business, is the FTS earning system that rewards folks for teaching local businesses how to accept crypto. So if your favorite coin is BTC and you teach a local business how to accept BTC for transactions, you can submit a video of them thanking you or saying they accept BTC because of you, then you submit that video along with business details and an FTS wallet address to https://ftsmothership.info and we will send you FTS Coin for helping spread mass adoption You could teach the business about any cryptocurrency, it doesn't have to be BTC or FTS, though growing the FTS Community would help raise the value of the FTS you earn through the POB system  |
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I want to start mining.I am new How can I start?So you have any video or article? We have a list available pools you can access here https://miningpoolstats.stream/ftscoinMost the pools have guides on how to start mining, but if you have any issues please feel free to come ask in our discord server and one of the FTS team or a pool operator would be more than happy to assist you |
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How can I know more about transaction fees?
Our transaction fees are set at a very low static fee of 0.0001FTS per transaction |
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FTS Coin seems very good to me.I would love to hold yFTS token.How can I buy Token?
We are available for BTC or ETH trade at https://altilly.com Also we are a coin with our own proprietary chain, it's a little better then a token |
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can you please tell us what is the advantage of POB against the POW, POS and PSOMN coin? what will we going to expect about this coin, kindly give us a clear understanding how we will adopt this coin.
Yah no problem, Proof Of Business is a system that works in tandem with POW. POW is the reward mechanism miners earn FTS with, POB (proof of business) is a system anyone can use to earn FTS by teaching small businesses how to accept any form of cryptocurrency. Once a person has taught the business how to accept some form of crypto they can take a quick video of the business owner holding up a business card and thanking them for teaching their company how to accept crypto. Then they submit the video at https://ftsmothership.info and earn FTS for it. As for how FTS in particular can be adopted; we have 2 minute block times for quick transactions and extremely low set transaction fees. We also have wallets available on several platforms, as well as a woocommerce payment gateway webstores built around wordpress can adopt, this allows both brick and mortar and online business to accept FTS easily. Hope this helps |
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jesus christ it would be nice if it even said what algo the PoW was in all those words there :/ (im ASSUMING its something cryptonightish?) also, you arent even capable of creating a proper discord link apparently ( https://discord.com/invite/RHzf9W = invalid) one can only guess what will happen to your copy pasta shitcoin once it hits a snag in the code.... lol a shame it seems this was like 50,000+blocks mined b4 you public announced it too  oh well, rip Someone wake up on the wrong side of the bed? Our Bitcointalk manager started a new thread for us when he took over, Ill talk to him about link management. The project was announced prior to genesis block. Go spread your negativity elsewhere bud |
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Our CLI wallets and GUI wallets have all been updated with a minimum fee of 0.0001 FTS/transaction Come join our discord if you ever want our most up to date info https://discord.gg/hnD9fHh |
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can you give coin specs please?
Sure -25,000,000 total coin supply -8% premine to be used toward coin development and growth -100 year distribution time -roughly 90 second blocks -average current reward 1.37 FTS/Block -asic resistant POW cryptonight algo -later generation cryptonote fork privacy coin 1.37 FTS/Block and 2.000.000 premine... this doesn't make sense Now the Premine of the actual emission is 97% ... 97%In five years, the premine will be 50% ... but in five years no one will care. Who is going to mine this coin for 1.37 reward, when you have 2 million? This is the most centralized project I have ever seen, congratulations. The way our pre-mine is being used has been clearly laid out in our whitepaper and has been adhered to very strictly. Calling us the "most centralized project ever" when the pre-mine represents 8% of the total supply (& projects exist where 50-100% is premined and controlled) is literally insane. All of our pre-mine is clearly spoken for in the roadmap that has been followed very strictly, and its also necessary for our POB system that rewards people for spreading mass adoption. I appreciate that your apprehensive, no one is forcing you to jump on board, but to the people that have been following https://projectfts.org and https://ftsmaps.com and https://ftsmothership.info the past year and have watched all our projects fulfill every promise we've made, those people know the truth and will be rewarded properly over time. Im sorry for your loss |
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in discord YOU banned me for my questions, i think this coin is SCAM!!!
So because we didn't like your attitude in our community you are? What? Proving our point by acting like a child on here? LOL Just because I didn't want to deal with your nonsense doesn't make the project a scam. We have accomplished every goal we've set forward exactly as laid out in our roadmap and whitepaper. Im sorry your feelings got hurt, get over it. |
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Hey I just went to send a transaction and the fee was set at a minimum of 0.1FTS
Any reason it's so high? I don't like having to spend a full 0.1 every transaction
Great point! This is actually an aspect of FTS Coin that is already in the process of being changed. The new set fee min. per transaction is 0.0001 FTS The main nodes and CLI files have already been updated with the change and are available on our web site and on our github page. The GUI files including our phone wallets are getting updated with the new fee in a week or so. Anyone that would like to use the new set fee just go download the updated wallet files  On a side note, want to help support FTS Coin and watch the value of your FTS Coin go up, but don't want to spend any money? Well go help us out by voting for us at https://www.btcsquare.net/vote Sign ups free and quick, then go cast your free vote for FTS Coin It's no KYC, just need an email to sign up  |
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Fun random fact for anyone that hasn't ever noticed before...the FTS logo https://github.com/ProjectFTS/FTS_LOGO/blob/master/Wallet.png is the letters FTS. Top things an F with some extra lines, middle thing is a T with a curvy bit to it, and the bottom symbol is an S. What does FTS stand for: Fair Trade System. What's the point of all this? Our long term goal is to abandon word seeds as the only means of SHA256 data input for wallet generation and generate a secondary layer program that translates bio-metric data into something that can be used in the SHA256 algo. Our short term goal is to build a network of small businesses using FTS Coin. We will do this by providing low transaction fees and rapid transaction times. We will make this available in many ways, like our already released woocommerce plugin and by incentivizing people to teach local businesses how to accept crypto via our POB earning system hosted from the FTS Mothership. FTS is not your every day crypto, we are the spine of a new grassroots emphasis on using crypto to replace the worlds currencies. Our street volunteers are the FTS UFOs, Urban FUD Opposition Systems. The entire system is supported by projectfts.org that provides easy to follow cartoons for business owners interested in crypto and FTS Maps that helps business owners share their crypto accepting businesses with the world. Project FTS is not new, we have been an active crypto force since December 2018 and have been working hand in hand with groups across the crypto community since then. We did not offer any ICOs or IEOs because this is not about money to us, it's about providing a crypto system that identifies and fixes many current downfalls with options historically available while spreading information about cryptocurrency to small business owners. |
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Googee, markets go up and down. Im very proud your obsessed with our day to day market value, Im sure you bought the dip like any wise person would right before we list on a new exchange. |
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who bought that ?
Not sure what you mean by that, but speaking of buying stuff...FTS Coin now has a wordpress plugin for any woocommerce store that would like to accept FTS. http://ftscoin.xyz/GatewayBig thanks to Mosu Forge over at http://ryo-currency.com for helping us get that finished up. |
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I guess I don't understand why their is an issue with one person being able to contribute to a network more than another person if they are contributing more computing power?
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So why is it called Bitcoin Bank? What's the coin's max supply and distribution time? Why would I choose "Bitcoin Bank" over an established equihash coin like Zcash or Bitcoin Gold?
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I forgot to mention earlier, the coin now has several pools to choose from. http://ftscoin.xyz/poolsright now the network is averaging about 2mh, also if you got to the miningpool.fun pool option, it has parameters put in place that will allow for solo gpu mining if that is what you want to do |
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Yes! FTS Coin is in the process of releasing a wordpress plugin it forked, and then will be releasing a couple FTS only web stores. We are hoping to have the wordpress payment gateway out within the week for folks that want to incorporate it.
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Nice concept to create biometric base wallet, may we know about your team?
We have some info/contact info for our team up on our updated web page now http://ftscoin.xyzWe also added a basic paper wallet generator (new better one already in the works) and lists of nodes and pools people have access to. |
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