The main problem of all blockchain projects is their currency, namely, the possibility of its withdrawal into real money quickly and in real time. The goal of the developers is to create the possibility of using crypto currency in everyday life, on an equal footing with Fiat.
Fuzex project overview
This project was created in order to revolutionize the existing sphere of payments. Fuzex cards, wallet and the whole ecosystem allows you to exchange crypto currency for real money instantly, anywhere and in real time.
Smart card and wallet
For convenient use of crypto currency and purchases, a special plastic "smart" card was created, which will allow holding up to 15 types of crypto-currency, as well as ten regular and five bonus cards. That is, it will really change the crypto currency for Fiat instantly and in any place.
Security
The creators took care of the safe use of smart cards. The system includes 2FA (two-factor confirmation), that is, as a card PIN and password in the application. You can familiarize yourself with the use of the map on YouTube channel online.
A smart card has an E-ink display (or electronic ink commonly used in electronic books) that mimics the usual printing on paper. Accordingly, the card needs to be recharged, has power on / off buttons, can show balance and QR code for block addresses, payment confirmation function. You can also make a Bluetooth connection between a smart card and a purse, which provides higher security. The device data can be deleted, if necessary. Battery life is 45-60 days.
The FuzeX wallet is a smart card management center and user accounts. You can:
Go Know Your Customer on the project platform;
Add and manage crypto-currency wallets;
Manage funds on the card (send, exchange, receive) online;
At loss it is possible to find out the place of the last use of the card.
Developers have protected the wallet in the following way: access to it is provided only from the device added to the database.
FuzeX Exchange
It allows you to exchange crypto currency for Fiat and allows you to use the crypt everywhere, by automatically performing operations. The project creators negotiate with other exchanges to expand the supported currencies.
Features:
The user account is protected by a three-level security system and can be used as a purse.
Interaction with the most known payment systems, like Visa and MasterCard, to confirm a sufficient equivalent balance on the account in fiat money;
If you lose, you can create a new account and transfer the balance to a new account.
Project sales
The project released its token called FXT on the basis of Efirium Block, which is a token on the ERC-20 stanard. The purchase of tokens is possible with the help of Bitcoins and Ethers.
A total of 1,060,000,000 tokens have been issued, which will be distributed as follows: 159,000,000 tokens for the development team; 159,000,000 tokens for the development of the project; 53,000,000 to partners and advisors,
The project's hardcap is 40,000.
The cost of 1 FuzeX token (FXT) is 0.0334869 USD or 0.00000541 BTC
Tokens can be used to acquire smart cards, pay for card servicing, increase transaction limits, pay for various services (travel, rent, healthcare and others)
The cost of 1 token is 5 cents. The purchase of tokens is possible with the help of Bitcoin and Ether.
Advantages for project partners:
Access to Smart Card Holders
Free advertising and attracting new customers
Low prices for partner cards serviced inside the system.
Advantages for holders
Payment for platform services without commissions within the exchange
support for a wide range of crypto-currencies
Protection of savings with a smart contract and purse
Token distribution: 60% - the main stage of the sale of tokens; 5% - advisers and partners; 5% - bounty and charity; 15% - development of the ecosystem; 15% are developers.
The project team has already established itself in the smart card market. The team consists of 40 professionals. Among them are specialists in blockade technology, engineers, marketing specialists, programmers, etc.
Conclusion:
The creators of the project offer to combine crypto currency and fiat money on one card, which will allow using crypto money in real life and in real time. This is a very popular sphere and in my opinion the project will be a success. The developers have taken care of the security of the card and user's wallet. The use of the platform will benefit the project partners: it will give access to the database of cardholders, allow placing free advertising and attracting customers without additional costs. It will also be beneficial for the holders themselves (the project is focused mainly on them): interest-free payment inside the exchange itself, support for a wide range of crypto-currencies and the protected savings of users. You can store 30 invoices on the card. Follow transactions with the help of applications on Android and iOS.
Thus, this technology will not only allow us to revolutionize the payment system, but will forever change our perception of the payment system.
Website: https://fuzex.co/
Telegram: https://t.me/FuzeX
Whitepaper: https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf
Twitter: https://twitter.com/fuzex_co
Facebook: https://www.facebook.com/FuzeX.co/
Youtube: https://www.youtube.com/channel/UCKC_X1r-3yoBpVeuFcR8thQ
Medium: https://medium.com/fuzex
Author: https://bitcointalk.org/index.php?action=profile;u=1251879