FuzeX ICO Review

zoloto2315 (29)in #cryptocurrency • 6 years ago (edited)

Digital currencies, which have gained a spectacular upward trend in recent years, are increasingly influencing the world economy. Consumers’ spending habits, methods of buying and new developments in digital currencies seem to make them indispensable in the coming days. In the basic sense, it is possible to express the digital currency as a virtual concept concealed behind a set of cryptography, which is actually called “crypto money”, which depends on mathematical operations, which are extremely difficult and costly to achieve. Cryptocurrencies have enabled a new architecture for peer-to-peer transactions without a trusted broker. As we have seen with the internet, distributed protocols can give users the ability to directly transact, circumventing slow-moving and sometimes corrupt intermediaries. One benefit of these systems is protecting consumers from payment censorship. Another potential benefit is opening up the currently privatized infrastructures underlying our financial and data systems. Beyond the realm of finance, cryptocurrency and blockchain technology development have sparked an effort to rethink the way that power and authority is embedded into the digital infrastructures that pervade our social, political, and economic lives. In the light of the cryptocurrency and blockchain technology development.

What is FuzeX?

FuzeX is an platform that allows the developing gathering of individuals with digital forms of money to defeat this present reality convenience issues identified with cryptographic forms of money by looking past the standard methods that have been embraced by some companies. Additionally, while many organizations have moved toward the cryptographic money ease of use issue with an intelligent prepaid card arrangement, the utilization of the cards is typically restricted to a couple of digital forms of money, and they are acknowledged by not very many traders consequently thwarting the more extensive reception of the cards.

The FuzeX Card & FuzeX Wallet offer an all in one payment solution that provides a smarter way to pay. The project’ aim is to make paying with cryptocurrency,debit,credit and reward cards easier, faster and more convenient.

The FuzeX card, wallet, and ecosystem have created room for real-time exchange of cryptocurrency meaning users are now able to spend their cryptocurrency anywhere and anytime they feel like. The FuzeX team is encompassed of a group of tech-savvy professionals, payment specialists, business, and marketing strategist that have been determined to ease the use and spending of cryptocurrencies. The FuzeX ecosystem is divided into three main parts. These are;

The FuzeX Card,
The FuzeX Wallet,
The FuzeX Exchange.
Features of FuzeX Card

The FuzeX card has all the features of the standard Fuze card with multi-cryptocurrency integration. This card has the same size and thickness as the normal credit or debit card and can store and manage up to 30 cryptocurrency accounts. Additionally, the card also has built-in buttons for powering on/off, entering pin codes and authorizing payments. Furthermore, the card has an EPD display for viewing balances, barcodes for reward payments, a remote wipe function for clearing data, a battery life of 60 days among other awesome features. The FuzeX wallet performances as the hub to the FuzeX card by allowing users to spend, store, transfer and receive cryptocurrency tokens.

After users have connected their various accounts (credit, debit, bonuses or crypto-currency wallets) to the FuzeX ecosystem through the FuzeX Wallet application, they can pay with their FuzeX card without having to pull their smartphones out.In addition, FuzeX cards with a purse FuzeX work as hard storage of private purse keys. Fragmented secret keys are encrypted and stored between the FuzeX card and the FuzeX wallet. Private keys are only available by unlocking the FuzeX card (via pincode on the card) and FuzeX Wallet (via account password).

As the devices become increasingly important in the person's identity, this two-factor authentication process helps fight fraud and integrates fragmented financial platforms into one simple solution.

FuzeX Wallet

As a hub for the FuzeX card and account management, the FuzeX wallet allows users to store, spend, receive, and transmit crypto currency.

TERMS ICO

According to official information, 1,060,000,000 tokens was realized. The price per 1 FXT was 0.0755 USD. It was available to pay in ETH or BTC. Pre-sale period took place from 2018.01.15 up to 02.15 Midnight. 20,000 ETH have been collected for this time. And 20,000 ETH was raised during the Private Sale. It means that the hard cap (40,000 ETH) was reached and ICO has been completed.