Introduction:Cryptocurrency market and blockchain will be soon engraved in our everyday lives. According to reports of The World Bank, 10% of world’s GDP will be processed by means of blockchain by 2025. Cryptocurrencies are already proving beneficial for the general public, but still have not yet received opportunities to implement their full capability to truly breakthrough technologies in Real time. Many Sectors focus their eff¬orts on providing possibility of using cryptocurrencies and services in everyday life, creating advanced decentralized banks for this purpose.
We know that there are many digital currencies like Bitcoin, Ethereum, Litecoin, Zcash, Dash, etc., that are growing at a tremendously fast rate. There also are ways to make good money ¬ by using "mining rigs" and buying Fivecoin tokens. Purchases can be done with numerous platforms. You can sell token at a higher price, draw dividends from the shares, and you get interest return on the amount you spent. Accordingly blockchain has "two ways of development in financial world." The first feature, which makes bitcoin interesting, is its decentralized nature, no one owns or controls the system as a whole. This builds a business that you create with a comprehensive system for all users.
Blockchain is advanced technology which is used as such by the crypto sector, multipurpose centers and insurance companies. The first step was taken by d developers of debit cryptocurrency which is accepted in every place, where FIAT currency or plastic money is accepted. Its data are linked to customer's cryptocurrency wallet and are constantly updated. Travelers gave recognition to this currency, because of digital currencies not being linked to any particular country and are easily converted into various fiat money.
WHAT IS Five coin? Fivecoin started its journey in the 1st quarter of the year 2017, after a year Fivecoin was created in 2018. Fivecoin has created evolutionary technology to provide a secure platform in the cryptocurrency market. With its unique hash algorithm and the technology fivecoin will create a secure environment for all global transactions. Fivecoin is a platform for the financing and offering of digital assets through blockchain technology for faster and secure transactions and payments. Fivecoin comes in a time of great necessity of a promising technology that has the potential investors, a technology that offers the world of opportunities through a decentralized and transparent digital structure. Fivecoin follows the premise of helping, controlling and organizing the development of a disruptive market having the potential of boost numerous businesses and user categories around the globe. The blockchain is an absolutely revolutionary technology that has the potential to directly impact many industry and markets due to its transparency and decentralized operation. Its employment is gradually becoming widespread and today, even being a young technology, the blockchain industry with all its applications - mostly with cryptocurrencies such as Bitcoin and Ether - is estimated to have more than 14.750 million wallets created by its users, indicating that the level of coverage is huge even if considered still far from the mainstream.
It is at the forefront of new digital economy. The Fivecoin project is a new, Cryptocurrency with transparent conditions. In the crypto market Fivecoin will become the first financial institution capable of off¬ering its customers a full range of financial services implemented within a decentralized system. The uniqueness of Fivecoin is that the project allows customers to get services, adapted to their needs. Fivecoin will operate on the basis of P2P ecosystem (peer-to-peer), where transaction participants are private users, and not banking institutions. This is not a novelty in the financial market, but system o¬ffered by Fivecoin inherits best traits from traditional banking products, adapting them to the principles of decentralized system operation. The Fivecoin project has a global value. It is designed to overcome current difficulties connected to use of cryptocurrencies in non-digital world, introducing options of integrated crypto- and fiat money services into payment infrastructure for this purpose. Primary mission of Fivecoin is the creation of a Peer to Peer system that would make use of full potential of decentralized financial technology within the framework of cryptocurrency payment system and real life.
Unlike most developers who continue promoting monopolization of the financial markets by centralized entities, Fivecoin team aims to create perfect financial institution that would adopt all advantages of traditional financial organizations, leaving behind their major disadvantages:
• Non-transparency
• Unpredictability
• Intermediates
Fivecoin model represents decentralized system in exceptional and most complete format. It includes blockchain technologies that ensure secure information recording and storage. This excludes the possibility of altering or fabricating any data. The system allows users to make their own decision when judging appropriateness of certain services and applications, which minimizes cost of processing transactions. Customer selects a service according to his/her own requirements and pays the price without customer service charge. System of decentralized Fivecoin Cryptobank is oriented on cooperation with wide audience and is available all over the world.
Vision:This is an advantageous method to store cash in financially shaky nations: cash isn't deteriorated and its obtaining power isn't lost. The second way of blockchain improvement is acquainting innovation with organizations. Primary preferred standpoint of decentralized framework is that there is no compelling reason to include humans when handling exchanges. This diminishes expenses by righteousness of computerization and in the meantime builds straightforwardness and controllability of arrangements. With help of shrewd contract advances, two people can self-rulingly get it done, from contract issuing to its confirmation. Assets are typically put away in halfway residency, and after contract terms are satisfied and concurred occasions are finished, reserves are naturally conveyed to the merchant. Everything is very basic and successful. Proceeding, decentralized innovations will play out all exchanges without danger of losing or "shadowing" information, and organizations established from that point on will turn into the cutting edge of the economy.
Uses of Blockchain in daily life: We often encounter them in everyday life: we use Internet banking, send and receive money transfers. In 2017 200 million users registered in the system, and quantity of scheduled operations will be more than 6 billion. As research shows, the greatest interest of users is caused by currency-exchange operations in online mode, the lowest being instruments of financial budgeting and investment. Speed and transaction transparency is just one side of the coin. Fivecoin is a complete system, which will change the principles of banking and insurance sector operations in the future. The millennial generation prejudice towards traditional banking system, gives these ideas and companies an opportunity for growth. The clearer payment parameters are formulated, the faster you get the result. Such technologies will assist both companies and customers to adapt to payment plan for their needs, allowing to save on services.
Personal finance:Blockchain and cryptocurrency technology will help to understand exactly how and where financial resources are spent, how well financial receipts flow is adjusted, and so on. Fivecoin services are based on Anti-Money Laundering principles, will allow to e¬ffectively solve financial crime problem. Fivecoin services will accelerate and facilitate investigations, making them less expensive. Fivecoin users will be able to lower expenditures with reduced fees in most of the sectors of business. Fivecoin will gain another competitive advantage over traditional financial firms. System of decentralized Fivecoin blockchain is oriented on cooperation with a larger target audience and is available all over the world. In addition to current members of Crypto Community, Fivecoin welcomes people who are just starting to get acquainted with cryptocurrencies.
Customers will be able to conduct transactions from any corner of the world in a matter of seconds with no limits and no need to wait for a plastic card issue for several weeks.
Remittance services: Customers from different countries receive our remittance services on balanced and equal terms. Transactions and funds transfers are done instantly. Fees for processing the operation will be reduced to minimum payment for the transaction, regardless of both parties’ location.
Fivecoin provides an opportunity for its clients to receive credit lines from creditors from other countries. For example, a customer can choose a loan with a lower interest rate in countries of Western Europe or America, where such services are much cheaper.
Thanks to blockchain technology, whole operation history and transactions are recorded in an encrypted data chain and cannot be fabricated or altered in anyway.
This approach reliably protects customer’s personal data and records all information about their activity in the system, which significantly reduces the risk of document falsification or financial fraud when closing a deal.
Account is linked to user's identity, scammers will not be able to intercept or falsify their data.
Fivecoin o¬ffers a wide range of tools in investment, credit and currency fields.
Flexible system allows any customer to transfer their personal and/or company accounts to cryptospace, considerably saving on banking servicing and even earning from it.
Fivecoin has a simple and completely transparent structure without hidden fees Thanks to flexible settings system, all operations will meet customer’s requirements to the best extent, so they will not overpay for general conditions of the product.
Advantages:-Fivecoin does not charge additional bank fees for servicing product, which makes it possible to reduce operation cost by 30%.
-Fivecoin is a partially closed system in which a part of funds always remains protected.
-All data is protected of the system, which excludes the possibility of illegal money circulation.
-While dealing in Fivecoin, customer receives full access to various service sectors. Depending on its value, users can try themselves as borrowers or investors, place funds at any deposit to accumulate interest.
-Fivecoin is not limited to operations within cryptocurrency system. It provides gateways for both national banking and electronic payment systems.
- Account holder can pay cryptocurrency for goods and services, pay bills in online stores that support this type of payment.
-Customers of Fivecoin can customize personal wallets for their own needs.
-In addition to payment, investment and credit systems, Fivecoin off¬ers currency transactions that gain popularity.
-Automatic interchange, internal exchange and gateways to the TOP-exchanges will be available for users.
Why choose Fivecoin ?-Fivecoin offers its customers to take out credits directly without intermediaries. This allows them to obtain required amount on attractive terms.
-Fivecoin plans to issue cryptocurrency cards that will operate within the system and provide acceptance. Customers can use card to pay for goods and services, make purchases on sites.
-Fivecoin will make it possible to withdraw and deposit cash at partner’s ATMs.
-Fivecoin combines features of decentralized and traditional banking systems. When opening an account for a cryptocurrency, Fivecoin opens a real account secured accounts for customer.
-All Fivecoin customers can use their account funds with no limit, as if they used traditional bank services.
-Fivecoin is open for cooperation with other blockchain projects and plans to assist market participants in overcoming cryptocurrency transaction barriers.
-Fivecoin system involves development of an extensive API network in terms of the interface.
-In the future a full-fledged hardware complex is planned for creation. Both individuals and businessmen can use products and services provided by Fivecoin.
Due to such competitive advantages, Fivecoin plans to establish strong market leadership in crypto industry.
Features of Fivecoin:Remittance: Settlements are the assets sent to their nation of starting point by means of wire exchange, mail, or online exchange. These exchanges crosswise over fringes are monetarily vital to the nations that get the assets. Fivecoin makes these exchanges with their solid stable blockchain and idiot proof work structure.
Global transfers: One of the defining features of fivecoin is the global transfers feature. This is a concept that gives the customer the freedom to use fivecoin as a conventional currency globally.
Transparency: One of the features of the Fivecoin coin is the transaction method. The system is the Fivecoin blockchain that is a peer to peer network like a social network but is encrypted by cryptography for greater security and transparency. All the members can validate the transactions made on the blockchain. This work structure creates transparency and accessibility for every user of the Fivecoin.
Accessibility: The decentralized nature of the blockchain makes your money secure, as no federal agency or government can freeze or shut your account making it accessible anywhere and at any time.
Proof of work: It is a digital algorithm that is difficult to produce, which satisfies the requirements after verification. Fivecoin has developed the most unique Hash algorithms for this particular process, to guarantee the safety and security of your transactions and funds. This ledger contains a record of all Fivecoin transactions, arranged in "blocks," this is done to avoid double spending. You cannot tamper with, the ledger cause it is public and an altered version would quickly be rejected by other users hence losing majority. An alter free system is achieved by hashes, these are long strings of numbers that serve as proof of work. Once we apply a given set of data through a hash function the blockchain will create only one hash. Even a tiny change to any portion of the original data will result in a totally unrecognizable hash. The hash generated by a given function will be of the same length. The hash has a single approach function it cannot be used reverse engineer to obtain the actual data. One can only check that the data that is generated as the hash matches the original data.
For buyers:With our transformative innovation Fivecoin intends to teach honest to business and limit the danger of tricks and extortion while making on the web exchanges, giving security and going about as a fair middle person of all exchanges. We endeavour to give the best administrations to our financial specialists and clients alike. We think limiting the measure of administration expenses for every exchange. We will likely expand the acknowledgment of digital money by giving purchasers increasingly and more secure outlets to spend.
For merchants:We plan to give a way to deal with expanded their client base and arrangement wage by concentrating on a more broad gathering of spectators of advanced cash holders. This unfamiliar market of customers has amassed endless that continue developing in valuation with limited outlets that brace spending. By enabling the merchants to get in fiat cash, we will deal with one of the critical issue of enduring cryptographic types of cash in an exceedingly eccentric economy, effectively ensuring the merchant against crypto flightiness and ensuring the aggregate got for the purchase. Additionally, we will alleviate customary threats related with traditional portion techniques by clearing the probability of chargebacks, stolen Mastercard information and deception.
For Contributors:We intend to allow to help a phase with real motivating force in its working arrangement of activity past straightforward token hypothesis. Fivecoin won't simply have a section in the Blockchain Platform as a recognized token near various computerized monetary standards offering the upside of cost exclusions, yet will similarly be synergistically settling to the phase in a key regard coupling. Each time a buyer pays with any advanced cash by methods for the FIVECOIN, somewhat level of the esteem based cost is removed from the market and devoured as anFivecoin token. This abatements the FIVECOIN supply also driving interest, the apportionment of the stage, and the motivator for advocates. For the most part, the higher the volume of trades the higher the interest for Fivecoin.
Other services of FIVECOIN:1. Lighting fast Approval - We will approve payments immediately and make the process hassle-free transactions.
2. Minimal trade fees - We will provide both buyers and sellers low exchange fees.
3. Minimal fees - We will charge sellers a flat 1% fee on received payments.
4. Multiple Cryptocurrencies acceptance - We will accept the most used cryptocurrencies on the market (Bitcoin, Ethereum, Litecoin, Dash Monero and others)
5. Safety - With our blockchain platform every transaction will be transparent and available for review. No government has control over your account as its decentralized.
6. International cash - We shall start the international cash venture through making collaborations with exchanges and cryptocurrencies around the globe for acceptance as conventional currency.
7. Fund Protection - We at Fivecoin security is the top priority. We cover both physical and virtual purchases made through Fivecoin.
8. Remittance services - Fivecoin will provide instant remittance services all over the globe and will create a community of crypto enthusiast and normal people as one.
Roadmap:2017 Q3
- Ideation and conceptualization
- Team of Software Developers that develop the system
- Team for handling operations
2017 Q4
- Idea implementation
- R&D on blockchain
- Blockchain development
- Legal completion
2018 Q1
- Crypto awareness Events and Seminars
- Whitepaper specifications
- Investor meets
2018 Q2
- Launch of ICO
- Testing of the systems
- Events in different countries for Crypto Enthusiasts.
2018 Q3
- Coin Distribution
- Listing of Five Coin on Exchanges
2018 Q4
- Promotions
- Release of beta Blockchain
2019 Q1
- Market capture
- Providing fully Integrated services
ICO Timeline:July: Birth of Idea
July: Team Foundation
October: Development
December: Crowd Funding
January: Token Listing on Exchanges.
Social Links:Facebook:
https://www.facebook.com/Five-Coin-556798794684953/Twitter:
https://twitter.com/five_coinYoutube:
https://www.youtube.com/channel/UCJ3gTNNeINwv24W4OlStxwQ?view_as=subscriberLinkedin:
https://www.linkedin.com/company/five-coin/Medium:
https://medium.com/five-coinReddit:
https://www.reddit.com/user/fivecoin/posts/Website:https://thefivecoin.com/
