A Dawn For The Crypto Transaction: Fuzex

Cryptocurrency now is an evergrowing market with more and more platform come into play. That is a good thing since it will broaden the market and introduces the new way of paying and utility services that failed to delivered by the conventional and old-fashioned business style. Cryptocurrency also encourages the user to do more related to the platform, such as jogging, researching and etc in an event so called by the token mining. The token mining will allow the people to constantly dig out the trickle of the token in hope that the token will benefit them financially in near future. the people now are spending their time relentlessly to mine the token, such the bitcoin which use the graphics card and a series of the machine which will run for a month to gain even a single bitcoin. There are also several tokens which require you to do a series activity in order to mine their respective token.

After the token mine, what is the exact benefit for them? Surely they can use the token as the form of investment,  but that is actually not so practical since the value of each token is sometimes too low to be called investment worthy. There are also several merchants that accept one particular type of token, but unfortunately, that is just limited to several tokens and platform so not all the token are received in the global market. The use of the cryptocurrency now is facing a serious threat, which is the usability. The token unfortunately not so practical and therefore people calling it as the broken transaction mechanism since it is almost useless t have a massive amount of cryptocurrency in someone’s wallet since no merchant or vendor will accept them. You can exchange the token to a fiat currencies such as dollars, yen, euro and so forth, but the exchange mechanism is slow, tedious and no central banks are introduced so it is unclear for them to exchange the token.

But on the top of that, the cryptocurrency itself has all their need to fit the category to be a money. here are several crypto features that resemble the money perfectly.

  1. Scarcity

A money needs to be scarce and not so abundant. The scarcity of a money is needed to give them value and thus more valuable. We know the term of inflation or the reduced value of money and therefore the money becomes more and more worthless in the eye of an international economy. The perfect sample for this is the Zimbabwean dollars where they reach an absurd amount of money just to purchase a simple daily life. This is due to the excessive government printing out the money and thus reducing its value. When a cryptocurrency has been laid out, it will no longer produce the new token and thus make it extremely scarce for them.

  1. Durability

The money also needs to be durable, not easy to be broken down, burnt, or destroyed. The token of every platform comes in the digital token it means that the token is safely kept in each person’s wallet and will only be out should the transaction occurred. The system also protected by several layers of sophisticated cutting-edge protection so that it will be very secure and very protected. This is what makes the token more and more resembles the fiat currencies since the fiat currencies also come in the different form, be it physical and digital.

  1. Difficulty counterfeiting

Counterfeiting or faking the money has become a real issue in the fiat currencies. This is due to the conventional usage of the money-material which are paper. Any kind of paper, be it signed or using whatever protection is very prone to be counterfeited and therefore need an extra layer of protection. The token has not recognized yet the issue of the counterfeiting since as we already told above, that the system is protected and secured.  It is being protected by smart contract and the ledger to keep track of the transaction and so forth, making it very protected and thus very hard to counterfeit.

  1. Authenticity verification

The token also needs to be verified in order to know the difference between one token to the other. the token is many, as the other fiat currencies are. The token comes with so many forms and therefore the system needs to know the difference between one token to the other, and thus makes the system will differentiate each valuation. This also works in the system of federal banking which comes in the forms of fiat currencies exchange. The system knows to differentiate the fiat currencies and thus giving them the respective value.

But despite the features of the token, the token is still facing a serious issue which is the usability. No matter what kind of features of money that you have, the money will be worthless if the token can’t have the practicality and rendering them very hard to use in day to day life.

For further information concerning the token usage, you can access the website below.

https://fuzex.co/

https://bitcointalk.org/index.php?topic=2776789.0

https://fuzex.co/#WHITEPAPER

https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf

 

The Emergence Of FuzeX

But finally, the technology has given birth to a new and ever practical platform, which is called as fuzex. This will tackle down the most problematic issue of the token which is the usage of the token to be used in day to day life. The fuzex will bridge the platform’s token and the merchants or vendor that not yet implement the token as their form of currencies that are accepted in such vendors. The vendors will need to do a series of action in order to integrate the token currencies as a form of their transaction. This will open up a new market and thus make the platform growing since the demand of the token will be massive as a new form of currency.

The card has several features which are very essential and critical for the user to do the transaction, there are several features of them.

  1. Store multiple tokens

Tokens of the platform are numerous, and thus the cards need to be able to hold several tokens account at once. And fortunately, the token is able to store up to 30 accounts or forms of token so that you don’t have to worry about the token that you already have. That is surely very convenient since you can have all sort of transaction and actually use the token for day to purchase.

  1. smart card

The card is not your typical plastic card such as the ATM cards that come from many banks. What makes this token is very different with the rest of the plastic card is, that the card implements the smart card which is accompanied with a built-in button to show how many token types that you own, and how many of each token that you have. All of that token will be displayed in the e-paper in the bottom right.

  1. Connection fuzex wallet

A wallet for cryptocurrency is very important to store the token and therefore need to be connected to the fuzex cards so that the cards can recognize by how many token that you own and thus making the transaction possible by the cardholder. The connection is rather simple since it is supported by the simple Bluetooth connection thus you can transfer the whole token data that exist in the wallet to your fuzex cards instantaneously.

  1. Rechargeable batteries

The token also have batteries to power up the display so that you can see the number of the token that you own. the batteries are rechargeable and can live up to several weeks even months. The batteries also not so thick therefore you will own a sleek and elegance type of cards that is very easy to hold and portable.

FuzeX Card Demo @ Mcdonalds

For further information concerning the platform and the fuzex cards, you can access one of the following websites.

https://twitter.com/fuzex_co

https://fuzex.co/

 

How To Use And Token Sale

The usage of fuzzex is actually rather simple and once you have integrated the certain vendor to the ecosystem of fuzzex, therefore you don’t have to repeat the system once again since you can just swipe the card and you can make a valid transaction almost instantaneously. These are the simple usage procedures of the token step by step.

  1. Download the fuzzex wallet

As we already stated before, the wallet is very important tools to transfer the cryptocurrency to your smart card. The application is very easy to download and is available in all kind of platform, be it android or apple. After the user downloads the apps, the user needs to follow several processes to verify the accounts and also counts the number of the token that they own. it is a very easy and simple step to follow.

  1. Do the transaction

In a case where you have chosen a certain vendor that has been integrated with the platform, then you can simply visit the merchant and do the transaction. It is a very easy step by step process where you need to hand over the smart card has that has already have the certain token number. Then the merchant will swipe the card in the swiping machine, and then the token will be reduced respectively to the amount of money that is required to be paid. After the transaction has been concluded, the user will receive the paper receipt and the notification in his/her wallet.

FuzeX Card & Fuze X Wallet Sending Crypto Demo

 

The Sale Of Token

As any of the other platform, they do issue the token for the use of the platform itself.  The platform issue the fuzzex token which is mainly used for two purposes. First is, the expansion of the transaction limit, as the transaction is limited by the system, by upgrading the system using the fuzzex token, you can increase the transaction limit so you can spend more token for the transaction. The second thing is the to lower the annual membership fee, which needs to be paid by all of the users on the platform. The membership fee is required to maintain the servers as well as protecting the integrity of the servers itself. The member that upgrade their account can pay for a lower price and thus increase overall profit.

And as for the sale, as usual, there are three kinds the sale on this platform. They are:

  1. Private sale

The private sale is the unofficial sale which is aimed at the merchant or the vendor owner who want to be integrated into the system. The private sale has reached the cap which is about 20 thousand ETH swiftly. And just like any other platform, the private sale usually holds the biggest amount of bonuses, and therefore it will have the biggest profit for every user.

  1. Pre-sale

The pre-sale is the sale that occurred from January 15th to February 15th, 2018. The period of the sale will occur for a whole one month, and the cap 20 thousand ETH is already raised swiftly. the sale is so popular to the point the public sale is canceled due to the hard cap has already reached in the private and pre-sale. It seems that the token is so popular due to the usage and the flexibility of the smart card itself.

The worth of the token is, as one ETH is worth 12 thousand FXT or fuzzex token, and the minimum purchase to join the system and gain the smart card is about 5 ETH and therefore you need to spend those amount of money to get the smart card once you already gained the smart card, you can start to download the app and use that to the vendor and then you can do the transaction using the token. but however be advised that there is a limitation of the transaction using the FXT and the smart card, but it can be raised if you upgrade your account using the FXT.

3. Public Sale

The FuzeX team reached 40,000 ETH hardcap for private & presale of early this year,  so it did not do any public sales.

For further information concerning the token sale, you can access the website below.

https://fuzex.co/

https://www.facebook.com/FuzeX.co/

https://t.me/FuzeX