[ANN] [FUTEREUM X (FUTX)] [Ethereum Blockchain Derivatives Contract]

[futereum]

FUTEREUM X (FUTX)

FUTR TO THE POWER OF X

FUTX 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), FUTX simulates Ether Derivatives Contracts in the same way that FUTR does except on fast-forward. Created by a core Ethereum developer in combination with leading financial engineers, FUTX offers miners not only real Blockchain utility but Ether-based derivative utility functions too that add enhanced value. Our first product FUTR has already value mined nearly 150 ETH and is listing with FUTX this weekend on Futerex, a digital asset exchange. (See FUTR [ANN] here: https://bitcointalk.org/index.php?topic=2698035.0)

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FUTR & FUTX are utility derivatives enabled via the Futereum 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/X simulate Ether Derivatives Contracts and allow traders to maximize pricing efficiency of digital assets sales and purchases.

FUTR
FUTR is a long-cycle Ether derivative utility token that is always supported by a minimum amount of Ether stored in the Futereum smart contract. Traders stand to maximise up to 8x the amount of Ether employed in the value mining of FUTR via a swap that happens at the end of the asset’s value mining cycle. There is simply no asset on the Blockchain with the same alpha coefficient trading functionality as FUTR.

FUTX
FUTX is a short-cycle Ether derivative utility token that is always supported by a minimum amount of Ether stored in the Futereum smart contract. With exactly the same algorithm employed in the token’s smart contract as for FUTR, FUTX is for traders and digital asset purchasers who are looking for a digital asset with intra-period Beta maximisation with time-enhanced efficiency.

FUTR is a long-cycle Ether-based derivative utility token whereas FUTX is a short-cycle Ether-based derivative utility token. This means that while FUTR has a long value mining schedule between cycles, FUTX has a short value mining schedule between cycles. Therefore, whereas the price of FUTX will fluctuate greatly in the course of months as the smart contract speeds through a range of different mining levels and cycles, the price of FUTR will rise gradually and steadily over the course of the same period. If you take these two assets into account as trading pairs, this duality results in a significant number of short-term trading possibilities with significantly reduced risk and amplified returns. Further, the possibility of arbitraging and/or short term trading the Ether price is also amplified by the presence of long-cycle and short-cycle Futereum contracts.

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FUTX AT A GLANCE

•   A utility token that exists in ERC-20 format on the Ethereum Blockchain with exponential price curve due to “final-level rollover(s)”

•   The world’s second Ether-based futures contract

•   The world’s second derivatives contract to be put on the Blockchain

•   It’s FUTR to the power of x – time-enhanced FUTR

•   An easily mineable token that is minted simply when you send ETH to a smart contract address

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WHY FUTX?

1.   For those who already own FUTR, FUTX is a no-brainer – it’s a rapid-cycle, miniaturised version of FUTR that will trade on exchange at Futerex against major crypto currency pairs and on other exchanges  

2.   As for FUTR, FUTX safely stores your ETH in a smart contract address that is inaccessible to anyone but you until the point when it becomes eligible to swap back for Ether

3.   FUTX swaps between 4-12 months (depending when all FUTX is issued) for a share of over 5,000 ETH, giving it permanent loaded value

4.   FUTX is the last pure Ether derivatives contract Futereum will issue

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HOW TO GET FUTX

A miner sends ETH to the smart contract address:

0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F

The value miner will receive back between 2-114 FUTX in return for 1 ETH (or a fraction thereof) depending on the mining level at the point of sending (mining levels get harder as more FUTR are mined). At the end of 3 months, if all levels are mined, FUTX swaps back for ETH. If all levels not yet mined, the swap will happen end of month 12.

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MINING FUTX

FUTX undertakes Proof of Value (POV) mining. To mine FUTX, copy and paste the following address into your wallet and hit send:

0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F

Do not use an exchange wallet!  

Make sure your gas limit is at least 60,000.  The transaction requires more gas as it sends the tokens will be sent immediately to you in the same transaction.
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Mining is according to the following schedule:


L1: 10,000 FUTX / 114 FUTX/ETH / 87.72 ETH
L2: 9,900 FUTX / 89 FUTX/ETH / 111.24 ETH
L3: 9,600 FUTX / 55 FUTX/ETH / 174.55 ETH
L4: 9,100 FUTX / 34 FUTX/ETH / 267.65 ETH
L5: 7,200 FUTX / 21 FUTX/ETH / 342.86 ETH
L6: 6,500 FUTX / 13 FUTX/ETH / 500.00 ETH
L7: 5,600 FUTX / 8 FUTX/ETH / 700.00 ETH
L8: 4,600 FUTX / 5 FUTX/ETH / 920.00 ETH
L9: 3,200 FUTX / 3 FUTX/ETH / 1,066.67 ETH
L10: 1,700 FUTX / 2 FUTX/ETH / 850.00 ETH

What does this mean? The following are price guides for all levels of mining (note that prices fluctuate with the prices of ETH. The following are assessed at $1250 / ETH):

Jan   L1    $10.96
Jan   L2    $14.04
Feb   L3    $22.73
Feb   L4    $36.76
Mar   L5    $59.52
Apr   L6    $96.15
May    L7    $156.25
June   L8    $250.00
July   L9    $416.67
July   L10    $625.00

In the example above using only today's pricing there is a clear 5600% rise in the price of FUTX between Jan-Jul as forecast by the above table. In this example, FUTX rises from $9.12 (today's price) to $520 even as the underlying price of ETH stays the same! Therefore, we will only say this ONCE: DO NOT UNDERESTIMATE THE OPPORTUNITY TODAY TO MINE FUTX.

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EXCHANGES
FUTX will be openly trading on Futerex, against the following pairs: BTC, BLK, BTG, DOGE , DASH, ETC, OMG, LTC, ART, XMR, PPC.

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OFFICIAL LINKS
Official Website: http://futrcoin.com
Telegram Channel: https://t.me/futereum
Twitter: https://twitter.com/futereum
Reddit: https://www.reddit.com/user/futereum/
YouTube: https://www.youtube.com/channel/UCEIb2yzvve2nog_3MQhQtag
News: http://thecurrencyjournal.com/futereum-updates-website-to-futrcoin-com-introduces-futereum-x-futx/618/
Press Release: http://thecurrencyjournal.com/wp-content/uploads/FUTX-PRESENTATION.pdf
Whitepaper: https://futrcoin.com/wp-content/uploads/2018/01/FUTR-WP2_0_cp.pdf
Contract Source Code: https://etherscan.io/token/0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F#code
FUTX Block Explorer: https://etherscan.io/token/0x8b7d07b6ffB9364e97B89cEA8b84F94249bE459F

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SMART CONTRACT FEATURES
•   Name: Futereum X
•   Symbol: FUTX
•   Fibonacci mining algorithm  
•   Total Supply: 67,400 FUTX min.
•   ETH exchange: 5,020.67
•   Cycle Period: 3-12 months

[bitdigger2013]

Futereum has been solid and I can see an exchange is in the works. It's got one of the most appealing potential use cases of any token out there, ironically, given that it's a derivative. In fact, all these coins and tokens: ZUR, FUTR and so on seem to me to have wonderful utility all things considered. So happy to give FUTX a shot in the dark, especially with the launch of Futerex Exchange. Good luck with the project(s)!

[futereum]

Thanks. There is an interesting discussion on Proof of Value mining over at the FUTR thread too: https://bitcointalk.org/index.php?topic=2698035.msg29499437#msg29499437

[matejbilahora]

Hmm looks solid, watching this and will mine few coins.

[ruleben]

i think its a  proof of scam.its a badly time here

[futereum]

One of the biggest pluses of the token is its usability in short-term cycle / arbitrage trading via Futerex Exchange that goes live on Sunday.

Imagine PPC is $x per ETH. One possibility is to send say, 1 ETH to the fee-miner and then receive FUTR/X. Use the 114 FUTR/X to buy PPC at a fraction of the ETH value; send the PPC to an exchange where it is traded against ETH and cash out at 1.x ETH. There will be numerous possibilities such as this with the range of pairs FUTR/X is traded against.

[gold969]

Your Tweet, if you want to thank the addresses that you will always find on my Twitter page https://twitter.com/Bill_Djons/status/959740089751531520

[pookhi]

Keeping tabs on this, it's caught my attention for sure 

[vuppie0]

Could be interesting, following.

[futereum]

It is actually part of a much greater value model which you can read about here: http://thecurrencyjournal.com/creating-profitable-payments-on-the-blockchain-a-breakthrough-innovation/600/

[zurcoin_on_yobit]

So it's an income-generating model whereby the tokens form an income utility of some kind but without being a security as far as I can tell, right? if that is what it is then that is truly phenomenal! Will have another read over but this looks amazing to be honest ...

[mummybtc]

To be sincere, this is likely to be a scam, there is no information on the team on their website and they are asking for blind trust, for me to send Etheres for scam coin. On there first post here, it is all about send your ether tokens. There are just looking to capitalise on what is in vogue now, Fortuna did something similar to this and it was a huge success

[zurcoin_on_yobit]

To be sincere, this is likely to be a scam, there is no information on the team on their website and they are asking for blind trust, for me to send Etheres for scam coin. On there first post here, it is all about send your ether tokens. There are just looking to capitalise on what is in vogue now, Fortuna did something similar to this and it was a huge success

Tere is ateam but its not clear whey tey are hiding rifht? I know.

[futereum]

Exchange listing and other news latest here: Latest news on exchange listing and development and other news here: http://thecurrencyjournal.com/futereum-domains-returned-to-owners-as-futerex-exchange-gears-up-to-go-live-futereum-tokens-peercoin-zurcoin-to-comprise-base-trading-pairs/639/

[futereum]

http://Futerex.com - Futerex Exchange is now open! 

[ODINN]

To be sincere, this is likely to be a scam, there is no information on the team on their website and they are asking for blind trust, for me to send Etheres for scam coin. On there first post here, it is all about send your ether tokens. There are just looking to capitalise on what is in vogue now, Fortuna did something similar to this and it was a huge success

SCAM, stay away

https://bitcointalk.org/index.php?topic=2698035.msg29682748#msg29682748

[lolicon]

Red flag 1, anonymous team till exposed
Red flag 2, builds own exchange on date of claimed exchange listing for futr
Red flag 3, source contract delivers payment to developer regardless of success or failure of project
Red flag 4, Rollover is heavily taxed at 20%, in the event you do mine late and want to rollover the balance of eth remaining in the contract is taxed 20%
Red flag 5, Currencyjournal where this is advertised is sponsored by developer
Red flag 6, little to no advertisement on more established mediums

This is just my opinion and could easily be wrong. Do with it what ever you feel

[futereum]

Red flag 1, anonymous team till exposed
Red flag 2, builds own exchange on date of claimed exchange listing for futr
Red flag 3, source contract delivers payment to developer regardless of success or failure of project
Red flag 4, Rollover is heavily taxed at 20%, in the event you do mine late and want to rollover the balance of eth remaining in the contract is taxed 20%
Red flag 5, Currencyjournal where this is advertised is sponsored by developer
Red flag 6, little to no advertisement on more established mediums

This is just my opinion and could easily be wrong. Do with it what ever you feel

Green flag 1, smart contract nullifies necessity of management exposure, but the reason for this initially was as per the previous OP - too much trolling after MC so to get it going it was necessary not to reveal the management. This doesn't mean it's not an awesome product - it is.

Green flag 2, we have been very clear since DAY 1 that the object payment utility justified by its status as blockchain asset for FUTR/X is as a mechanism to seek more opportunistic pricing in pair trades across the ETH spectrum. The only way to fulfill this is to build our own exchange. If you are going to blame us for putting together an entire exchange when we are clearly planning to list on 2 additional exchanges as per WP that seems a bit unfair

Green flag 3, yes, it is called fees. No red flags here - in fact, it is how lawyers, accountants and numerous other professionals are paid. The great thing about the fee structure is it negates necessity for premine which keeps the token balance more distributed than any other token. This is FAIRER. We encourage you to look at this model more closely

Green flag 4, Yes - the "tax" is to prevent excessive premining of follow-on cycles. If you get to have such a supply advantage going into a much easier mining algorithm then why wouldn't you be forced to pay more for it? This is the appropriate incentive.

Green flag 5, Yes - we clearly brandish over the site that it is sponsored via dev and we do not try and hide this fact either. This has been the case since Day 1. This ought to be a BIG positive, surely?

Green flag 6, untrue - we were on ICOalert.com mailshot feature, we are at the top of the list on ICO-list.com and others - Google "Futereum"

In short, we do not know why these are red flags as they all seem to us to be selling points more than anything else? We are not hiding the model, the ideas etc. Sure, it is a new product trying out new ways - this is a positive for crypto in the long run. We encourage you to read the 5 reasons we especially are so positive about the Futereum products published earlier, too: http://thecurrencyjournal.com/5-things-that-make-futereum-the-future-of-crypto/669/

[futereum]

To be sincere, this is likely to be a scam, there is no information on the team on their website and they are asking for blind trust, for me to send Etheres for scam coin. On there first post here, it is all about send your ether tokens. There are just looking to capitalise on what is in vogue now, Fortuna did something similar to this and it was a huge success

SCAM, stay away

https://bitcointalk.org/index.php?topic=2698035.msg29682748#msg29682748

We recognize it is very hard for you to see someone not give up, keep designing new, awesome products for Blockchain, keep improving and delivering, when all you want to see is that person fail and give up. However, you won't have such satisfaction - sorry.

Just because now that your mindless ranting has turned off the entire Telegram you invaded where we were before; just because you and your friends are frustrated that you have not got anywhere AT ALL with your FUD but instead the model is shining through, and more delivery is taking shape by the day and serving people real value, well, that is no reason to keep trolling.

It is a strange thing, FUD. At first it terrify the investor and it work to some extent. But after if the project team keep delivering and power on it just look like the crazy people and everyone abandons the fear. The time to FUD is over. There is no rational to your argument now, just cries of fear which people are quite used to now.So it seem like this will be a waste of your energy.

Therefore we suggest to you that you should really refrain from this sort of behavior of throwing out mindless accusations and unnecessarily damaging other people who you claim to protect by your ignorance. It really doesn't make you look good at all.

If you know something about blockchain history, you will know then that every major blockchain innovation has been through and survived such FUD - there was a point when everyone used to say the same things about Vitalik Buterin, things such as "Vitalik is a scammer who tried to sell me a quantum computer!" etc., "Ethereum is the IMPOSSIBLE Blockchain that cannot exist because Blockchain can ONLY do what Bitcoin Blockchain can do! No blockchain can make tokens are you crazy and delusional and living in some crazy person's world?!"  

If you do not like an idea and an innovation then simple - no one is making you buy any tokens. But you cannot say anything bad about a project that is fully-functional and in smart contract, and which has a fully-operational exchange that is custom-built, along with a fully-fledged value model with multiple interlocking (3) smart contracts that are in development and clearly nearing final delivery stage is in evidence. Have you read the recent papers explaining how the model works? Maybe you should get some facts before you shout in public. This is not the way that civilized people behave. This is not the way that we can achieve great thing; we all hate scam but how can you say project with exchange, multiple WP, multiple smart contract etc. is scam? If scam, then what is real?

It will not make you look good any more to behave as such this way merely as if you are just trolling. It's time to sit back and admit it - you lost with your wrong minded point of view. It is okay. We are all wrong sometimes. You were wrong. The project and innovations are good quality and many many people are enjoying them. Things are in delivery mode now and happy faces are all around. This project and its associated projects will be a remarkable blockchain success. Your legal case also stands no chance of being taken seriously on the hundreds of false facts you have presented. We have all read the case. We can all see the lies in it. It is FUD and we have seen this many times before.

It's OK friend, now my point is that it is time to move on with your life and stop being so angry with the world.   (ps - no this is not Daniel. He is too busy right now to tell you himself so I am trying to warn you nicely first time round.)

Futereum is Future of Crypto, and other project is proud to join with it to produce the real products everyone can enjoy.  

[tippytoes]

I don't know if you can raise money on how you presented this to the community. Unless, every potential investor blindly sends his eth to your address. Even without knowing who's behind it. That's why they are pointing some red flags here. So good luck addressing the fudders here.