FUTIRA COIN; REVIEW
Introduction
Futira is a decentralised financial payment network that builds the traditional Payment stack on the blockchain industry. It utilizes a basket of fiat-pegged stable coins algorithmically stabilized by its reserve currency futira, to facilitate programmable payments and open financial infrastructure development. As of December 2020, the network has transacted an estimated $299 billion for over 2 million users.
Before 2022, Futira coin has been in existence and was planned to be issued within the first six month of the year 2022. It has been arranged that the Futira coin will be on the Futira chain, it will be in a private form and permission will be given on blockchain and won't lack a name.
The Futira token has been deployed on the tron network since January 1st 2022 and there began it's public trading since February 25th 2022. What Futira token does is, it can be exchanged with coins anytime they are available publicly, where sales of token goes to the finance building mobile operator network in poor countries of the world. Whereas, some of the populated countries of the world lacks the internet and mobile communication.
Futira and it's Importance
According to statistics, over 57% African countries lacks the internet. The system looks hard not because of the introduction of traditional generations of mobile telephones but the infrastructure is too expensive to manage.
The telephone cannot operate on it's own without the presence of an internet, either with the use of an internet cables or a router which may serve as a central office but they are too expensive to cover for the whole of African countries. With this, the investment may not be recovered because of the low density of the African population. That is why Futira came up with a solution of decentralizing the central office through blockchain technology for the user data and smaller switches for the routing of the data. The innovation group of companies were founded to realize this dream, working diligently to reduce infrastructural cost.
How Futira coin Works?
Futira coin as one of the cryptocurrencies has it's own special uniqueness and is backed by a real-world commercial business, that is, the coin cannot loose it's value as long as the network keep working.
Now this is how it works;
This coin acts as the means of funding for the network in such as way that it will be the only means of having credit on the network once the network is built. But way of doing so it ensures for the demand for more coin.
For the average users, he only buys credit on the network at the rate he understands in his local fiat currency because he does not need to know anything about the coin. From the system, the credit he bought will be converted to Futira coin. The client who is the user will be guaranteed that if by any means his credit drops below what he paid in his fiat currency, then he gets back the value of the credit paid for. The advantage there is that if the credit he paid for increases, then the extra credit gained can be used.
FOR MORE INFORMATION CHECK
https://futiracoin.com/wp/FutiraCoinWhitePaper.pdf
https://twitter.com/FutiraCoin/
https://www.facebook.com/FutiraCoin/
https://www.instagram.com/FutiraCoin/
Authors Details
Btt Username: Nelsonalfa50
Btt profile link:
https://bitcointalk.org/index.php?action=profile;u=3457684;sa=summary
Bsc wallet: 0x9cdAf17E945FEf39c8e29234A461d76bf73d99E7
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