Beyond the obvious to find innovative ways of solving existing and future challenges.
US Foundry eXchange
Jan. 20. 2020
Whitepaper 1.2
Table of Contents
I. Introduction
II. USFCX Cryptocurrency Exchange’s Features
2.1 USFCX_Technology_OMEGA Blockchain System and Main net System
2.2 USFCX Cryptocurrency exchange Blockchain
2.3 Auto XML users can easily create
2.4 Creating new milestones in the digital assets market system
2.5 Financial application Auto XML Blockchain System
2.6 USFCX GOOD IN A STABLE CRYPTOCURRENCY
III. USFCX's Exchange Operation and Listing Conditions
ICO Listed Company Analysis and Audit of Best Selection Coin
Strict selective registration of USFCX
IV. USFCX Exchange Coin (FCX)
4.1 Practical Distribution
4.2 USFCX Protecting customer assets is our top priority.
4.3 FCX Coin Issuance & Sale
V. USFCX Marketing Strategy
5.1 USFCX Strategic Business Partner_Guangcai Group_UDAX
5.2 Blockchain-based Digital Assets Exchange
5.3 USFCX_ Marketing & Customer Service
5.4 OMG WORLD BUSINESSES
VI USFCX Roadmap
6.1 Roadmap
VII. USFCX External Audit
7.1 Disclaimers & Risk Disclosure
7.2 Glossary
7.3 Future Regulation
I. INTRODUCTION
Blockchains, Artificial intelligence, and virtual reality as the biggest technologies in the next few years. but with the Auto XML system can save 10 years faster.
There are numerous new exciting developments in the technology industry. The most recent include Artificial Intelligence and Blockchain technology, which seem to be converging. The former looks to transform communications and transactions by improving trust between strangers, enhancing provenance, transparency, and privacy. The latter can address very complex tasks by way of utilizing impressive massive computing power.
The combination of Artificial Intelligence and Blockchain are taking place on private data platforms, which receive data to centralize AI systems. The Blockchain technology provides the systems with a higher level of security and it eliminates existing security protocols that are at a poor level. Together, the technologies create a unique and powerful system. The cryptocurrency market has been improving and evolving ever since it was first created. It has been adopting new technologies and turning into something different. A good example is the artificial intelligence (A.I.) technology, which has been widely used on the market. Design to learn from user behavior, the AI advancements benefits not just the traders, but the whole ecosystem at the same time with their technology because they can be a powerful tool for when you need to assess risk and user behavior.
AI systems can understand the market without these emotions and take them into account to trade in the system. One of the issues Blockchain suffers from is security and A.I may be able to improve those issues.
Blockchain struggles with ensuring that there is trust between strangers and organizations on the chain and also faces attacks from applications that use the chain. AI may be able to secure applications so that trust issues are addressed properly. There are those who also claim that AI technology cannot be trusted either due to the concept of man vs. machine. However, this concept is an outdated notion. A.I. focuses on single-user performance with high accuracy. Further, the technology can implement facial recognition software that can pinpoint a person in a crowd much more effectively than a human observer. The technology is also great at noticing medical issues on scans and other issues in various situations. The only downside, which Blockchain may face, is that AI faces pushback from the public.
Blockchain offers Decentralized Autonomous Organizations (DAO). Contracts are applied to the DAO and they are immutable for the AI system – there is no risk because the computer is limited in terms of scope and ability. As for public acceptance, Blockchain may be able to ensure that the user data applied to the AI technology is accurate. This ultimately leads to quick teaching times, fewer mistakes, and higher levels of trust. Overall, combining AI and Blockchain technology may be able to provide benefits, such as transparency, adoption, and communication. However, there are also issues, such as there is no indication of how the true impact may
pan out –developers can look back at to determine the viability of the project.
USFCX is the use of Blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve “smart economy” with a distributed network. It is backed by a block chain of Auto XML as well as the standard technology of this network.
The security level will be the premium security ever. Digital assets developed based on the Main net in the world will be operated with the highest priority when trading on the USFCX.
USFCX will do our best as an exchange that can create new economic value by combining efficiency with various industries. USFCX System: Cryptocurrency Exchange Artificial Intelligence (A.I) Economy in the World Auto XML OMEGA BLOCKCHAIN. USFCX SECURE MULTI-CURRENCY OMEGA WALLET (implementing multi-signature technology) with strong focus on cryptocurrency market analysis and knowledge is sharing, user accessibility and friendliness, social trading, and best practice regulatory and legal compliance.
II. USFCX Cryptocurrency Exchange’s Features
2.1 USFCX_Technology_OMEGA Blockchain System and Mainnet System.
The worldwide web security specification is XML-Signature
The organization tries to foster compatibility and agreement among industry members in the adoption of new standards defined by the W3C. Incompatible versions of HTML are offered by different vendors, causing inconsistency in how web pages are displayed. The consortium tries to get all those vendors to implement a set of core principles and components which are chosen by the consortium.
AUTO XML Engine / Platform / View XML
The Hypertext Transfer Protocol (HTTP) is an application protocol for distributed, collaborative, hypermedia information systems. The XML Configuration Access Protocol (XCAP) is an application layer protocol that allows a client to read, write, and modify application configuration data stored in XML format on a server.
Essentially, every Blockchain project has an Auto XML engine, Main net. Simply put, a Main net is a Blockchain that actually carries out the functionality of transferring digital currency from senders to recipients. This is different from a test-net, which basically is just a test of such transaction functionality. The easiest way to think about it is that test-net are the prototypes that demonstrate the potential capabilities of a “First mark a Plan”. Main net are the actual “Shut down as a Result”, which is available for the public to use. However, just like test-net or code frameworks, Main net can be changed whenever project teams or cryptocurrency open source communities decide there is a need for updates.
This company has both centralized and decentralized exchange platforms. This technology is pioneering a new way to trade cryptocurrency. Centralized exchanges are trading platforms that function like stock markets. The advantages are endless
A CCX (Crypto Centralized Exchange) is owned and operated by a company that maintains total control over all transactions. Users of CCXs do not have access to the private keys of their exchange account’s wallets. This puts all of user’s trust in the hands of the exchange operators, as transactions can only be made through the mechanisms provided and approved by a central authority.
Much like cryptocurrencies, our company also operates DEX (Decentralized Exchange), as they are utilizing Blockchain (distributed ledger) technology. In this way a DEX does not hold customers’ funds, positions, or information, and only serves as a matching and routing layer for trade orders.
USFCX ATS Main Net Procedure
Different Nets
Local Net: Developed by uploading a complete Blockchain to your PC. It is also possible to make plural.
You can create your own block chains directly to your local PC or Klaus server. Public / Private It is often called Private Block Chain as a concept of Block Chain, which means strictly local net use for personal development rather than private use. Mining is also done on the local PC (as it is developed on your own PC). Ether is automatically generated as you mine. No need to worry about the Ether to test. Transactions are almost immediately mined and processed. Difficulty level can be adjusted directly.
Test Nets: Issuing its own Ether for testing purposes only. Multiple test net presence. Ropspen, Kovan, Rinkeby, Ether for each test net must be acquired. It is a test net, but with the increasing number of developers, it is increasingly difficult to obtain an Ether to be used here. Rinkeby is simple. Test Net also requires Ether for test net when a transaction occurs. As the number of users increases, transaction processing speed is slowing down.
Main Net: Public Blockchain accessible by anyone. There is only one.
You must put it on the main net when you actually service it. When a transaction occurs during development, the actual Ether is consumed (strictly gas consumption). In other words, the developer (strictly, the transaction originator) has to pay for the use of the main net. Transaction processing takes a long time. Actual miners will have to mined before the transaction will proceed. Therefore, it should not be used during development.
That is, you cannot use the ether of the test net in the main net.
However, if you create one address on the main net in one Metamask, you can use the same address on the test net. In other words, you do not have to create separate addresses for each network.
2.2 USFCX Cryptocurrency exchange Blockchain.
We use the encryption technology called 'Blockchain' as a means to securely issue and circulate virtual money. The virtual money is called (Cryptocurrency) currency.
Main Net based digital Assets exchange Blockchain with Auto XML
Each block chain network has its own coin. Essentially, every Blockchain project has an Auto XML engine, Main net. Simply put, a Main net is a Blockchain that carries out the functionality of transferring digital currency from senders to recipients. This is different from a test-net, which basically is just a test of such transaction functionality. The easiest way to think about it is that test-net are the prototypes that demonstrate the potential capabilities of a “First mark a Plan”. Main net is the actual “Shut down as a Result”, which is available for the public to use. However, just like test-net or code frameworks, Main net can be changed whenever project teams or cryptocurrency open source communities decide there is a need for updates.
2.3 Auto XML users can easily create
Made using an Engine Creating XML automatically without programming Stores Structured + Unstructured Data, you don’t need any software because you use a web browser. It can be used for Big Data, AI, Blockchain, web services, and unstructured search. Can protect documents by encrypting and replicating them with strong security features using the 350 ISO industry-specific, is used in the standard domain. (ebXML, HL7, RossetaNet, IFRS…) It can be used for Ontology, Semantic Web, Natural language processing.
Original technology that complies with W3C standards.
Auto XML Engine has finally been completed and is being applied to all industries. The Auto XML Engine, developed in the 3K Soft foundation, is being supplied to all industries and real life, leading the market of creative block-chain ecosystem and artificial intelligence.
Base Auto XML ™ USFCX Security provides five levels of security:
* 1st Level PKI (Public Key Infrastructure) Authentication Based Security PKI uses a hybrid crypto system
and benefits from using both types of encryption. For example, in SSL communications, the server's SSL
Certificate contains an asymmetric public and private key pair.
* 2nd Level Application Based
* 3rd Level User authorization option depending on authentication server
* 4th Level User classification
* 5th Level XML Contracts (Document) Based Security
To mitigate this risk, system developers need to ensure that security is addressed when XML-based systems are implemented. For example, measures can be taken to check the integrity of the data received by a computer system, and software can be used to screen the incoming data for malicious code. Likewise, a local store of commonly used DTDs and schemas can be maintained as a check against the integrity of the corresponding DTDs and schemas that come with XML documents from outside sources.
Standards of XML
Rather than a single specification, XML is a collection of related standards. Two types of standards are essential for effective use of XML across organizations in either the public or private sector:
(1) Technical standards, which define the basic rules for tagging, structuring, and displaying information
(2) Business standards, which provide the vocabulary and protocols for conducting business electronically. The core XML standard was designed to accommodate a wide variety of supplemental standards, or extensions, to address additional functions and meet specialized needs.
While XML’s technical standards—such as specifications for tagging, exchanging, and displaying information—have largely been worked out by commercial standards-setting organizations and are already in use, equally important business standards are not as mature and may complicate near term implementation.
For example, standards are not yet complete for
(1) Identifying potential business partners for transactions.
(2) Exchanging precise technical information about the nature of proposed transactions so that the partners can agree to them.
(3) Executing agreed-upon transactions in a formal, legally binding manner. Many standards-setting organizations in the private sector are creating various XML business standards, and it will be important for the federal government to adopt those that achieve widespread acceptance.
World's first Auto XML OMEGA Blockchain Security Technology.
2.4 Creating new milestones in the digital assets market system
2.4.1 Alternative Trading System (ATS) selected by Foundry Cryptocurrency
USFCX comply with regulations for legal operations. AT System must be approved by the United States SEC.
The Securities and Exchange Commission (SEC) must approve alternative trading systems. In recent years, regulators have stepped up enforcement actions against alternative trading systems for infractions such as trading against customer order flow or making use of confidential customer trading information. These violations may be more common in ATS than national exchanges because ATS face fewer regulations. USFCX will apply all rules until the federal laws and regulations of the cryptocurrency exchange are determined.
2.4.2 Alternative Trading System for Protect Investors
Regulation ATS was introduced by the SEC in 1998 and is designed to protect investors and resolve any concerns arising from this type of trading system. Regulation ATS requires stricter record keeping and demands more intensive reporting on issues such as transparency once the system reaches more than 5% of the trading volume for any given security. Alternative trading system (ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions. Alternative trading systems are typically regulated as broker-dealers rather than as exchanges (although an alternative trading system can apply to be regulated as a securities exchange).
In general, for regulatory purposes, an alternative trading system is an organization or system that provides or maintains a market place or facilities for bringing together purchasers and sellers of securities, but does not set rules for subscribers (other than rules for the conduct of subscribers trading on the system). An ATS must be approved by the United States Securities and Exchange Commission (SEC) and is an alternative to a traditional stock exchange.
The equivalent term under European legislation is a multilateral trading facility (MTF).
Specifically, it requires that an alternative trading system comply with the reporting and record keeping requirements Rule 301 (b)(5)(ii) of Reg ATS, if during at least 4 of the preceding 6 calendar months, such alternative trading system had: With respect to any NMS stock, 5 percent or more of the average daily volume in that security reported by an effective transaction reporting plan.
2.5 Creating new milestones in the digital assets market system
Secured Auto XML Blockchain Platform of Blockchain, Alternative Trading System
For trading platforms, security and reliability are by far the most important. In fact, there are more than 300 exchanges closed by hacker attacks. This has caused massive losses for both enthusiastic users who have invested in the value of exchanges and block chains.
Nevertheless, the security and stability of the exchange are still at a similar level, and the attacks of various hackers are constantly repeated today, and the means and methods of attack are diversified day by day. In addition to attack by hackers, explosive increase in user and trading volume has caused many problems in stability, such as the exchange platform is paralyzed, the visit is impossible, delays in trading orders and current market prices occur. To solve this problem, we constructed a Blockchain System and a Double Security wallet of Auto XML. Creating new mile stones in the digital assets market system
2.6 Financial application Auto XML Blockchain System
1. 3K Software Auto XML based solution is the first of its kind in the Digital Assets trading world.
Notwithstanding this, USFCX solution is also the first Alternative Trading System of its kind in the financial world! he system will protect the contracts by encrypting and replicating them with strong security features.
Auto XML OMEGA Blockchain “TSR” Transparency ↔ Security ↔ Reliability
The expert team behind USFCX embodies the synergy of the two seemingly opposite worlds on which USFCX is based – Auto XML OMEGA Blockchain technology and Auto XML engine. USFCX utilizes multi-tier and multi-cluster system architecture for its trading platform, which improves system performance, security, stability and scalability. There is no down-time during functional deployment or version updates, thereby protecting and maximizing user experience.
2. Technical Aspects
The USFCX ATS utilizes an accelerated and highly efficient matching engine with the ability to process 100,000 transactions / second. The system is also able to maintain optimal operational capability with 1 million simultaneous online users.
Multiple Cluster Structure
The function and version upgrade can be operated continuously without the need to stop the server, so we tried to guarantee the convenience of the user interface as much as possible.
3. Distributed setup
Unlike mainstream digital assets exchanges which serve global traders on a single platform, USFCX will establish digital asset exchanges in different countries to provide services to local users and form an alliance of USFCX Digital Asset Exchanges Worldwide.
4. System and Structure Design.
Preventing DDOS attacks: Defend against and respond quickly to firewall and DDOS attacks through worldwide CDN and DDOS security defense systems. RAM Intervention Technology: The USFCX trading system is capable of order throughput of over 500,000 per second through the use of ram arbitration technology. More than 10 million concurrent users are able to trade steadily. Numerous trading pairs: USFCX will provide support for BTC, ETH, FXT (USFCX Tokens) trading pairs during the early stages. Subsequently, we will gradually introduce other valuable digital assets. The digital assets listed on the USFCX exchange are in accordance to their respective market value and market capitalization
5. Policies of each country, the local independent exchange of ATS.
Independent financial exchanges
USFCX establishes independent financial exchanges in all countries of the world, operates in the form of the United States and its federations, and operates as the best service for regional customers.
a. In accordance with the policies of each country, the local independent exchange receives the establishment of a corporation and a financial transaction permit and implements the management supervision policy of the local country.
b. Due to capital outflows and taxation issues, the future exchange-related supervisory policy is a way for the trade only in their own countries.
c. Diversification of risk through the distribution of funds and coins
d. Improved language and customized services through full localization
Blockchain fused with all technical fields to improve human happiness and quality of life.
We are changing to a world we cannot exist without the use smart phones. The Block chain revolution after the Internet revolution is the basic root of the fourth industry. All areas requiring security: The basics of all commerce are securing transparency, prevention of counterfeiting, and prevention of hacking.
"Blockchain Asset Trading Platform" is developed and developed to provide the safest, most reliable and open password trading environment to all customers who trust digital technology. We will achieve our vision and goals with passion and efforts by selecting team mature products that are proven in the market through innovative core technologies with the help of excellent investors and consulting teams.
USFCX will establish independent cryptocurrency exchanges in Europe and Asian countries based on the United States of America and will proceed in the form of an exchange association to provide services to local users.
6. Exchange in Development
ATS more than 100,000 order processing per second, 10 million simultaneous connections.
The USFCX Alternative Trading System (ATS) is capable of order throughput of over 100,000 per second with ram intervention technology. This ensures that no lags or delays occur during the ordering process. The system has already been proven in the other exchanges of the same industry with enough experience and validation, and there is no problem that more than 10 million concurrent users are trading steadily. This ensures redundancy and cache updates ensure the accuracy and reliability of each account. USFCX Due to the outflow of money and taxation, the management supervision policy related to the future exchange will gradually change according to the way that the domestic people do business only in their own countries, so that the business license and management supervision policy of the local exchange can be implemented according to the policy of each country.
USFCX Distributed risk through the distribution of funds and coins User interface enhancement through perfect localization
P2P High Performance
The OMEGA Blockchain core provides a block time of about one second, and broadcasts thousands of transactions per second in a single process.
Data Flow
Data implemented in Auto XML does not need to replicate the same data in different dApp (decentralized Application) using a standardized data structure. Will facilitates interoperability on dApp and block chains by using standardized data. By implementing Auto XML on a block chain, it is possible to build a system that handles business areas including asset management and transactions through the movement of new assets (eg, coin) implemented through specialized technologies on existing Blockchains.
2.7 USFCX IS A STABLE CRYPTOCURRENCY
The price volatility of Bitcoin and other cryptocurrencies is one of the biggest barriers in making cryptocurrency a valid payment method for everyday transactions.
USFCX is a stable and profitable coin, solving that core issue. Is a great place to hedge crypto investments and earn profit.
1. USFCX TRANSACTION VISIBILITY
All financial transactions are terminated after the payment has been completed, but the exchange of cryptography is aimed at a system that is designed to be used as a strategic tool for financial transactions that improves the manageability of transactions by providing visibility of the integrated transactions.
2. Efficiency of USFCX ATS
The block chain of the Alternative Trading System (ATS) can be applied to USFCX customers 'trading supply chain management around the world and how they can provide value to their customers' assets by using the Hyperledger of the Alternative Trading System In-block Chain Proof of Concept (PoC) platform, which generates new blocks according to the consensus algorithm, and does not require a large amount of information data and time, such as proof of work, It has advantages. In other words, the consensus implies the efficiency of sharing information only on what has been achieved.
3. Foundry Cryptocurrency Exchange transparent funds and secure coin control system functioning
control that will be implemented to ensure the safety of funds and coins. The current mainstream exchanges (OKEx, DigiFinex, HitBTC, Binance, CoinBene, etc.) are designed to allow users around the world to concentrate on one exchange. The USFCX will establish a separate independent exchange in each country, and the Codex Exchange will proceed in the form of the USFCX Union to provide the best possible service to its regional customers.
4. Smart exchange service solutions
Intelligent exchange service solution: separated CDN front-end cluster is adopted, and the physical layer is protected from DDOS attack and downtime. The architecture of layered LVS and DB proxy interfaces can easily solve the problem of front - and back-end expansion.
SCALABLE HDM WALLET
Expand HDM wallet technology: adopting a single cold wallet and a multi-layer hot wallet to generate the collection address by multiple signatures, which not only satisfies the security performance of the wallet, but also satisfies the expansion requirements of the wallet and address.
5. The change in the value of alternative means
People put the basic value of finance in gold, valued as much as the amount of gold that was released, then gave it to the bank, and transferred the value to issue the dollar. The reason why the dollar was able to become the reserve currency is that it issued as much as gold was left to the Federal Bank. The United Kingdom in 1931, the United States in 1971, President Nixon dismissed the gold standard, because of it issued bonds based on national power, the value of bonds issued by issuing currency, the origin was gold.
6. USFCX Security
Creating new milestones in the digital assets market system
Regulation ATS was introduced by the SEC in 1998 and is designed to protect investors and resolve any concerns arising from this type of trading system.
6.1 Regulation ATS requires stricter record keeping and demands more intensive reporting on issues such as transparency once the system reaches more than 5% of the trading volume for any given security. Alternative trading system (ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions. Alternative trading systems are typically regulated as broker-dealers rather than as exchanges (although an alternative trading system can apply to be regulated as a securities exchange). In general, for regulatory purposes, an alternative trading system is an organization system that provides or maintains a market place or facilities for bringing together purchasers and sellers of securities, but does not set rules for subscribers (other than rules for the conduct of subscribers trading on the system). An ATS must be approved by the United States Securities and Exchange Commission (SEC) and is an alternative to a traditional stock exchange. The equivalent term under European legislation is a lateral trading facility (MTF). Specifically, it requires that an alternative trading system comply with the reporting and record keeping requirements Rule 301 (b)(5)(ii) of Reg ATS, if during at least 4 of the preceding 6 calendar months, such alternative trading system had: With respect to any NMS stock, 5 percent or more of the average daily volume in that security reported by an effective transaction reporting plan.
6.2 USFCX complies with regulations for legal operations.
(Alternating Trading System) must be approved by the United States SEC.
The Securities and Exchange Commission (SEC) must approve alternative trading systems. In recent years, regulators have stepped up enforcement actions against alternative trading systems for infractions such as trading against customer order flow or making use of confidential customer trading information. These violations may be more common in ATS than national exchanges because ATS face fewer regulations. USFCX will apply all rules until the federal laws and regulations of the cryptocurrency exchange are determined. We acknowledge and understand the fact that many cryptocurrency users worry about the safety of their assets, so we constantly step up and redouble our efforts to protect our account holders’ interests. We adhere to the top industry standards and best practices and endeavor to go even further. We believe that one can never be too cautious.
6.3 Cryptocurrencies: Not considered legal tender
Cryptocurrency exchanges: Legal, regulation varies by state
It’s hard to find a consistent legal approach to cryptocurrencies in the United States. Laws governing exchanges vary by state, and federal authorities differ in their definition of the term ‘cryptocurrency’. The Financial Crimes Enforcement Network (FinCEN) doesn’t consider cryptocurrencies to be legal tender but since 2013 has considered exchanges as money transmitters (subject to their jurisdiction) on the basis that tokens are “other value that substitutes for currency”. The IRS, by contrast, regards cryptocurrencies as property and has issued tax guidance accordingly. Cryptocurrency exchange regulations in the United States are also in an uncertain legal territory, and several of the federal regulators claim jurisdiction. Of the major US regulatory bodies, the Securities and Exchange Commission (SEC) has indicated that it considers cryptocurrencies to be securities: in March 2018 it stated that it was looking to apply securities laws comprehensively for digital wallets and exchanges. By contrast, The Commodities Futures Trading Commission (CFTC) has adopted a friendlier, “do no harm” approach, describing Bitcoin as a commodity and allowing cryptocurrency derivatives to trade publicly.
III. USFCX's Exchange Operation and Listing Conditions
ICO Listed Company Analysis and Audit of Best Selection Coin
Strict selective registration of USFCX
"Technology makes new products; all designs are finished with Brands”
Technology innovations, many startup and entrepreneurs have come up with an idea to convert their business with Blockchain technology. Any kind of business model can be converted into Blockchain technology for security.
Develop coins has some innovative ideas for business people to double their business profit.
Initial Coin Offerings (ICO's) for cryptocurrency categories
Active or Ongoing ICOs - Projects investors can invest into straight away. This is done to fund the entire vision of the project. Pre ICOs - Projects investors can invest small amounts into straight away. This is done to fund the marketing and initial plans of the project. We also include some private sales in our presale section.
Upcoming ICOs - Projects investors cannot invest into yet, but are building an initial community of investors to get feedback and get ready for their ICO
Airdrops - Projects that are giving away free cryptocurrency for simple tasks such as joining their telegram group etc.
Constantly evolve our evaluation criteria and raise the standards with the growing influx of various quality levels
USFCX look at does the team have the relevant technical, financial, legal, strategy and industry expertise to make a realistic plan and execute it safely. The team composition is very important even though we also understand that the team can be built further after the ICO is finished. It is important to be able to identify the team members' commitment to the project; especially in they are appointed in responsible roles. Previous working positions, networks and client endorsements may have positive effect on the evaluation of the team.
Product / Vision
The presented product or service has to have a lot of potential. USFCX are looking for solutions that solve real industry problems and generate competitive advantages by utilizing Blockchain technologies. The further the product development is, the more active clients, the more relevant partners, the more information about the business process is available, the better the legal framework has been designed - the easier it is to identify the jewels among the average business proposals. The White Paper has developed into an industry standard and the quality of the White Paper has a lot of weight in our review process. The White Paper compresses a lot of information and indicates is the team solving actual client problems, can the team explain the technology utilized is a proposal communicated well enough so it can gain wide public attention.
Coin
USFCX will take a deep look at the token economics behind the ICO. Provided materials have to explain in detail why the tokenization model has been chosen to run the business. It has to be clear what benefits do the tokens provide for the early investors and the end users. The distribution and total valuation of the tokens have to be reasonable compared to the business plan and the funds raised during the ICO cannot jeopardize the turnover of the business during the following quarters.
Marketing & community
Even the greatest team with the finest product and best business model will not success without having a good community outreach. Next thing we evaluate is the visibility and supporter base of the project. The social media channels have made it easy to build and evaluate community support. USFCX want to know is the team seriously engaging with its community, supporters and clients; can the people looking for the solution find it easily; is the project presented in a way that it is easy for people to get interested and involved.
Case-by-Case evaluation we also pay attention to the overall sector growth potential, competition, regional regulatory and other case-relevant issues to ensure that our listings represent the best available ICOs
1. Custom altcoin creation.
2. Mining pool for your new cryptocurrency.
3. Web and mobile wallet for your new cryptocurrency.
4. Blockchain explorer for custom altcoins.
5. Coin repair and alteration for your new digital currency.
6. Faucet application.
7. Paper Wallet Generator.
8. Ethereum Development.
9. Decentralized / Centralized exchange software.
10. Initial Coin Offering (I.C.O) business module setup.
11. Complete Blockchain business solution for your all business model
IV. USFCX Exchange Coin (FCX)
” Investor” If you buy after understanding the coin.
” Speculator” If you do not know the coin.
” Gambler” If you buy by borrowing money
Foundry Practical Distribution Coin (FCX)
Block chain fused with all technical fields to improve human happiness and quality of life. We are changing to a world that cannot exist without the use of smart phones. The Blockchain revolution following the Internet Revolution is the basic root of the fourth industry. All areas requiring security starting with the basics of all commerce are securing transparency, prevention of counterfeiting, and the prevention of hacking.
4.1 Practical Distribution
The token released through the platform is USFCX Coin, abbreviated as “FCX Coin". USFCX is a Decentralized Block-chain asset based on Ethereum and is a standard token based on Ethereum ERC20.
When the user making a transaction on the FCX Coin platform they pays a commission, following is discounted if the commissioner holds the FCX Coin, later the transaction fee is deducted based on the FCX Coin value calculated on the market at the time. After opening the FCX Coin platform, 10% of the net profit of the USFCX on the platform will be used to repurchase the FCX Coin for every quarter and then repurchased FCX Coin will be incinerated.
*Shopping online Business portion is excluded from the quantity of distribution.
4.2 USFCX Protecting customer assets are our top priority for our company.
We will improve the company in the financial sector and make our customers a top priority for safe and smooth transactions. We reward customers for their trust, Encryption Contributing to the healthy development of the currency industry; we plan to development on the 4th industry blissfully. USFCX will comply with regulations for legal operations.
4.3 FCX Coin Issuance & Sale
FCX Coin will distribute One Hundred Million FCX which can only be exchanged with Ethereum (ETH).
1 ETH has a conversion rate of 5,000 FCX. (1 ETH = 5,000 FCX)
The FCX total amount of FCX issuance is constant at 2.5Billion.
The private placement ratio of these sales is 14% of the total that is 350million FCX. Real Life Distribution 50%, 2.5Billion and 1.25 Billion FCX.
Coin Name: Foundry Coin, Symbol: FCX, Hard Cap: 2.5 Billion 500,000 (ETH),
Total Issue Volume: 2.5 Billion / 2,500,000,000(FCX)
Currency Accepted: Ethereum only, Coin-Refunds: None
Trading Market: Trading is Possible Immediately. FCX Distribution Coin
Listed on Stock (IPO): USA Coin Dispensing Schedule: October 2019
Spec: Average Block Time: 6 second, Block Height(size): Basic 2 MByte ~ Max 8 MByte
Transaction Fee 0.0001 FCX – Fees go to the Super Nodes, Anon Transaction Fee (Sky Node Mixing): 0.0001 Paid to Sky Node. Super Node Tokens Required: 100,000, Super Node Rate: 30% Block Reward
The Federally Licensed United States America. Proceeding S.E.C
Advanced Aesthetics Training School in San Antonio Texas, U.S.A (American Laser & Aesthetics Institute)
Specialty Shopping Mall / Network Marketing -Telecommunication - Prepaid Phone Cards, Zambia
Protect digital contents using distributed security system applying block chain technology.
V. USFCX Marketing Strategy
Before moving towards the world of cryptocurrency, the founders of USFCX accumulated more than 20 years’ worth of experience in business, brokerage system development, and investment banking in Hong Kong, china, U.S.A, and other countries in Southeast Asia. They were successful leaders in the marketing and advertising world with excellent capabilities of bringing in a large user base, which is essential for any crypto business to thrive.
Besides organic word-of-mouth strategies, USFCX also formulated an extensive digital marketing plan that aims to exponentially increase USFCX’s brand awareness along with the utmost growth millions of active customers. Our mission is to give everyone the easiest access to cryptocurrency, especially in the developing countries where people must heavily rely on cash due to financial regulations that is overburdening cryptocurrency markets.
5.1 USFCX Strategic Business Partner_Guangcai Group_UDAX
It is a comprehensive investment group company that integrates investment and asset management, production city integration, new urbanization construction, modern ecological agriculture, mineral energy, high-end manufacturing, and domestic and international leading technology industry integration. It is also a government, a large enterprise, Organizational carrier for high-level conversations and exchanges such as international investors. In terms of international cooperation, Guangcai Group adheres to the operation mode of connecting with the international market and adapting to China's national conditions. It has successively cooperated with Russia, South Korea, Ukraine, Sri Lanka, Mongolia, Brazil, Guyana, Thailand, Laos, Myanmar, Cambodia, Zambia, etc. The state and Hong Kong, Macao and Taiwan regions have established a full range of investment and cooperation.
5.2 Blockchain-based Digital Assets Exchange
Creating new milestones in the digital assets market also a distributed setup Global alliance of exchanges. Technical aspects are accelerated creating optimal operational capability. Having secured platform that will protect & maximizes user experience.
There will be numerous trading pairs that can trade popular & valuable digital assets:
Hong Kong: www.udax.hk Indonesia: www.udax-id.com Malaysia: www.udax.my Korea: www.udax.kr
5.3 USFCX_ Marketing & Customer Service
Bitcoin & Ethereum ATM (Automatic Teller Machine)
USFCX emplacement in Flagship Office Bitcoin & Ethereum ATM (Cash Dispenser)
۞ Scheduled August to December, 2019~2020 Plan to install by state and country
USFCX MAIN BUSINESSES
Cryptocurrencies Trading Services: Trading of Cryptocurrencies Digital assets trading services
Fintech Service Loan, Crowdfunding: Loan/Bank Remittance, Financial services Personal property management
Digital Assets Consulting Services: Advisory services on issuance and listing of digital assets
Digital Assets Development: Main Net Development of Blockchains, Digital assets and Platforms
Digital Assets Payment Services: Enhances integration of digital assets and traditional financial industries.
5.4 OMG WORLD USA BUSINESSES
OMG WORLD USA MAIN BUSINESSES
3K SOFT: AUTO XML Technical Lab.
Telecommunication: Africa ZAMBIA Mobile Communication
Medical School: American Laser & Aesthetics Institute
Exchange & Fintech: US Foundry Cryptocurrency Exchange
VI. USFCX Roadmap
Domestic exchange established, entering Blockchain and digital currency market.
Established a joint digital asset exchange overseas and went online in September.
2022. World Financial Group
System / Invest / Derivatives / Crowd Fund / Fin Tech
2021.
4th Qt. Listed on IPO NASDAQ of Goal
3rd Qt. International finance, futures trading, overseas expansion
2nd Qt. Establishment of the Third Financial Bank
1st Qt. Loan and Investment Company
2020.
4th Qt. Establishment and development of financial transaction system
ATS trading system combined with Artificial Intelligence.
3rd Qt. Overseas branch Europe
Startup Company “Blockchain, A.I.
2nd Qt. Build a Crowd Funding $ 1Billion
Invest to the startup venture company (Blockchain)
1st Qt. Overseas branch South America
Open Main Net, I.C.O World Wide
2019.
4th Qt. Distribution merchant transaction settlement alliance
Federal License from S.E.C, Grand Open USFCX Exchange
Beta version Test Net Auto XML
3rd Qt. Open the Exchange System(ATS)
Established overseas branches in ASIA(Indonesia, Hongkong, Philippines, Japan, China, Thailand)
Prepare, Test, Configure-Test Net/Auto XML Beta version trading system (ATS) launch.
USFCX, Fintech Registered Arizona. / White Paper 1.0
2nd Qt. R&D Center Arizona / Fintech Sand BOX
USFCX, Los Angeles, California. White Paper 0.7
Alternative Trading System/System configuration and development
1st Qt. Established OMG FOUNDATION in San Antonio, Texas.
Buildup Office, White Paper 0.5
2018.
4th Qt. Cryptocurrency Exchange Registered Arizona
3rd Qt. Office in San Antonio. White Paper 0.3
2nd Qt. Setting the Team Member, with MJA Law Firm
1st Qt. Legal basis analysis “U.S. Department of the Treasury and SEC”
2017.
4th Qt. World Market Coin & Exchange Research, Digital Assts Eco-System
3rd Qt. FCX(Foundry Crypto-currency Exchange) Project Start
2014.
2nd Qt. Established OMG WORLD USA Corporation / Scottsdale, Arizona
VII. USFCX External Audit External Audit
The USFCX Exchange will publish a bi-annual report that will be conducted by an international external auditor, demonstrating to users that the funds are safe and all steps in the White Paper are being followed.
7.1 Disclaimers & Risk Disclosure
DISCLAIMERS (important notice) Informational purpose only: This document (this “Whitepaper”) is for informational purposes only and does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. You are advised to read this document carefully in full and perform due diligence. It also does not constitute an invitation or inducement to engage in any investment activity, nor business, legal, financial, or tax advice.
Distributor and disclaimer of liability
The Distributor will be USFCX Exchange No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the FCX and no cryptocurrency or other form of payment is to be accepted based on this Whitepaper. To the maximum extent permitted by the applicable laws, regulations and rules, the Distributor shall not be liable for any indirect, special, incidental, consequential, or other losses of any kind, in tort, contract, or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any reliance on this Whitepaper or acceptance of the Terms and Conditions, or any part thereof by you.
No person has been or is authorized to give any information or any representation not contained in this Whitepaper in connection with the distributor and its business and operations. Discussing eligibility - You are not eligible, therefore you are not able to purchase any VIRTs in the USFCX Exchange Initial Token Sale (as referred to in this Whitepaper) if you are not a citizen, resident (tax or otherwise) or green card holder of the United States of America, or a citizen or resident of the Republic of Hong Kong, or a citizen or resident of the People’s Republic of China. Regulatory authority - No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction. The publication, distribution, or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. Risks and uncertainties
There are risks and uncertainties associated with the USFCX Exchange project and/or the Distributor and their respective businesses and operations, regulatory approval not obtained from the proper authorities; inability of the USFCX Exchange team to deliver the envisioned platform; change in political, regulatory, social, economic, stock or cryptocurrency market conditions; changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of the Distributor; other factors beyond the control of the Distributor. The Whitepaper has restriction on distribution of coins.
This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. Recently, regulatory bodies have expressed the need to regulate ICOs and exchanges. The Central Bank issued a report, that is assessing the risk to investors, stating that bodies that market this type of non-financial asset are not regulated by any monetary authority. The Central Bank clarifies that virtual currencies should not be confused with electronic currencies or financial assets, and they should not be a risk to the National Financial System, citing "companies that negotiate or hold so-called virtual currencies on behalf of users, natural persons or legal entities, are not regulated, authorized or supervised by the Central Bank of USA."
This comment is important for the sector, as the Central Bank does not intend to implement
Upon purchasing any USFCX, you will be deemed to have reviewed this White Paper (and any information you may have requested and obtained from USFCX) in full and to have agreed to the terms of this offering of USFCX, including to the fact that this offering does not fall within the scope of any securities laws in U.S.A and 45 is not regulated by the MAS. You further acknowledge and agree that the USFCX are not securities and are not meant to generate any form of investment return.
Persons considering investing in FCX are responsible for conducting their own diligence on USFCX and FCX and should ensure that they understand and are able to bear the risks of purchase on the platform, FCX and any related services provided by USFCX are provided on an “as is” and “as available” USFCX does not grant any warranties or make any representation, express or implied or otherwise, as to the accessibility, quality, suitability, accuracy, adequacy, or completeness of the USFCX platform. FCX or any related services provided by, USFCX and expressly disclaims any liability for errors, delays, or omissions in, or for any action taken in reliance on, the platform, USFCX FCX, and any related services provided by, USFCX warranty, including the warranties of non infringement of third-party rights, title, merchantability, satisfactory quality, is given in conjunction with the USFCX platform, and any related services provided by USFCX. There are regulatory risks.
The regulation of tokens such as the FCX is still in a very nascent stage of development in U.S.A. And has a high degree of uncertainty as to how tokens and token-related activities are to be treated. The applicable legal and regulatory framework may change subsequently by the issuing of this White Paper. Such change may be very rapid, and it is not possible to anticipate with any degree of certainty the nature of such regulatory evolution. USFCX does not in any way represent that the regulatory status of the BBXC will remain unaffected by any regulatory changes that arise at any point in time before, during, and after this offering.
No regulatory supervision. None of USFCX or its affiliates is currently regulated or subject to the supervision of any regulatory body in U.S.A. In USFCX and its affiliates are not registered with MAS in U.S.A as any type of regulated financial institution or financial advisor and are not subject to the standards imposed upon such persons under the SFA, Financial Advisors Act (Cap. 46 110), and other related regulatory instruments. People are required to comply with a variety of requirements and standards concerning disclosures, reporting, compliance, and conduct of their operations for purposes to maximizing investor protections. Since USFCX is not subject to such requirements or standards, it will make decisions on those issues at its own discretion.
While USFCX will have regard to best practices on these issues, holders of FCX will not necessarily enjoy the same extent and degree of investor protections as would be the case should they purchase products or services from regulated entities instead. The regulatory risks described herein take into consideration U.S.A law only. It is anticipated that FCX will be sold or resold outside U.S.A, which could subject USFCX or your FCX to non-U.S.A legal requirements. These legal requirements may be significant different.
The non-U.S.A regulation could involve the same types of changes and outcomes described above with respect to U.S.A regulation, and may negatively affect the value of FCX or cause USFCX to cease operations. No fiduciary duties are owed. As USFCX is not a regulated financial institution, so it does not owe holders of FCX any fiduciary duties. This means that USFCX has no legal obligation to always act in good faith in the best interests of holders of FCX. While USFCX will have regard to the interests of holders of FCX, it is also permitted to consider the interests of other key stakeholders have and to prefer these interests over the interests of FCX holders.
This may mean that USFCX permitted to make decisions that conflict with, or are not necessarily in, the interests of FCX holders. Not owing any fiduciary duties to holders of FCX also means that holders of FCX may have limited rights of recourse against USFCX and its affiliates in the event of disputes. Also includes tax risks for the FCX holders. FCX Accordingly at the moment the tax information is uncertain.
All persons who wish to purchase FCX should seek independent tax advice prior to deciding whether to 47 purchase any FCX. USFCX does not make any representation as to whether any tax consequences may arise from purchasing or holding FCX. There are some risks coming from third parties. The tokenized nature of FCX means that they are a Blockchain-based asset. The security, transferability, storage, and accessibility of Blockchain assets depends on factors outside of USFCX’s control, such as the security, stability, and suitability of the underlying Blockchain (in this case, the Ethereum Blockchain), mining disruptions, and who has access to the private key of any wallet where FCX are stored. USFCX does not represent or otherwise assure that it can prevent such external factors from having any direct or indirect adverse impact on any of FCX.
Persons intending to purchase FCX should note that adverse events caused by such external factors may result in the loss of some or all FCX purchased. Such loss may be irreversible. USFCX is not responsible for taking steps to retrieve FCX lost in this manner. So purchase FCX at your own risk. USFCX cannot and does not guarantee or otherwise assure that there are no risks in relation to your purchase of FCX.
The purchase of FCX may, depending on the manner in which the relevant purchase is affected, involve third parties or external platforms (e.g., wallets). The involvement of such parties or platforms may introduce risks that would not otherwise be present, such as misconduct or fraud by the third party, or your failure to receive FCX upon duly making payment because of a third-party wallet’s incompatibility with FCX. USFCX is not responsible for any risks arising due to the involvement of third parties, including the risk of not receiving (or subsequently losing) any or all FCX. And attempt to (or successfully) purchase. There can be vulnerability to cyber-attacks. The USFCX platform and Services are available for use in part by leveraging on distributed computing and storage resources available through wide area network connections (the “Cloud”).
As a result, the services are susceptible to a number of risks related to Cloud-based computing and data storage. While USFCX does not have access to the encrypted contents of the data 48 stored through the services, the services may involve the storage of large amounts of sensitive and/or proprietary information, which may be compromised in the event of a cyber-attack or other malicious activity.
Similarly, the services may be interrupted, and files may become temporarily unavailable in the event of such an attack or malicious activity. Because users can use a variety of hardware and software that may interfere with the USFCX platform, there is the risk that the services may become unavailable or interrupted based on a failure of interoperability or an inability to integrate these third-party systems and devices that USFCX does not control with USFCX’s Services.
The risk that the services may face increased interruptions and the USFCX platform may face additional security vulnerabilities could adversely affect the USFCX platform and, therefore, the future value and utility of your FCX. There is vulnerability to mining attacks. As with other decentralized cryptographic tokens based on the Ethereum protocol, you’re FCX are susceptible to attacks by miners in the course of validating the Token transactions on the Ethereum and Blockchain. Such attacks include double-spend attacks, majority mining power attacks, and selfish mining attacks, among others.
Any successful attack presents a risk to your FCX and the USFCX platform, including, but not limited to, accurate execution and recording of transactions involving your BBXC. Also some disruption in operations may occur. Technical difficulties may affect USFCX or its affiliates. Such disruptions may prevent your access to or use of FCX or the USFCX platform. While USFCX will take all reasonable steps to prevent or mitigate the impact of such disruptions on its provision of services and its operations in general, there can be no guarantee that all such disruptions may be successfully prevented.
No guarantee of the value of FCX. There is no guarantee that your FCX will hold their value or increase in value. You may lose the entire, or part of the, amount of any payment you made for FCX. If you are financing your purchase of Tokens and the value of your FCX decreases, you may be unable to repay the loan used to purchase your FCX. Crypto assets such as your FCX are new and relatively 49 untested products. There is considerable uncertainty about their long-term viability, which could be affected by a variety of factors, including market-based factors such as economic growth.
In addition, the success of your BBXC and other types of crypto assets will depend on whether Blockchain and other new technologies related to your FCX turn out to be useful and economically USFCX does not control any of these factors, and therefore may not be able to control the long-term success of your FCX as a feature of the USFCX platform, or the ability of your FCX to maintain their value. USFCX provides no guarantee that the amount of your FCX you purchase will retain their value.
You may lose all or some of that value. USFCX does not plan to maintain any type of bond or trust account designed to protect holders of your FCX. Even if USFCX did so, you should be aware that any bond or trust account maintained by USFCX for the benefit of its customers may not be sufficient to cover all losses incurred by holders of FCX. Volatility of FCX. The volatility and unpredictability of the price of crypto assets (including FCX) relative to other virtual and fiat currencies may result in significant loss over a short period of time. Although ECT cannot be purchased with fiat currency, the value of the cryptocurrencies that may be used to purchase FCX can be. As a result, the value of FCX may in part be affected by or derived from the continued willingness of market participants to exchange fiat currency for cryptocurrencies.
Changes in such currencies relative to each other as well as to fiat currencies may accordingly affect the price and, in turn, the value of FCX. The level of demand for BBXC not assured or constant. It is possible that there will be minimal to no demand for your FCX. In such an event, the short-term and long-term viability of your BBXC and the USFCX platform will be in doubt, and USFCX may terminate your FCX and cease all operations. Moreover, the crypto asset market is a new and untested market, the characteristics and behavior of which, in the context of domestic and global markets, is not fully understood. The level of demand for FCX cannot be accurately predicted or projected. 50 Use and continued acceptance of FCX. Although FCX may be accepted as payment at any point in time, there is no assurance that FCX will still be accepted as payment (or as a medium of exchange) at any subsequent point in time. There are some risks in holding your FCX. If you store your FCX in a hot wallet or certain types of cold wallets, your FCX balance will be associated with the public key address of your wallet and, in turn, your private key address.
You are responsible for knowing your private key address and keeping it a secret. Because a private key, or a combination of private keys, is necessary to control and dispose of FCX stored in your digital wallet or vault, the loss of one or more of your private keys associated with your digital wallet or vault storing FCX will result in the loss of your FCX. Moreover, any third party that gains access to one or more of your private keys, including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate and misuse your FCX. USFCX and its affiliates will never ask you for your private key address, and you should never share this information with someone you do not know and trust. Transactions of FCX may be irreversible. This includes transactions made fraudulently, erroneously, or accidentally. CT involved in such irreversible transactions may not be recoverable. USFCX does not anticipate that it will redeem FCX from holders of FCX for any reason.
The supply of FCX may decrease for various reasons, including reasons outlined in this section on risk factors. In addition, if a wallet is lost, FCX stored therein may not re-enter the token supply. Alternatively, USFCX may burn any number of FCX. Burning FCX will destroy the FCX and reduce the overall FCX supply. The supply of FCX may increase should USFCX decide, after having issued and distributed the maximum number of FCX in its initial token offering, to have one or more token generation events. When there is 51 percent subsequent sale and exchange. FCX may be sold on exchanges or directly between parties after the close of the initial token offering for fiat or other cryptocurrencies. However, there is no guarantee that such a secondary market will develop or that mechanisms for such secondary trading will develop or be available at any given time.
USFCX is not involved in operating these exchanges and is not responsible for encouraging them or any other person to transact in FCX. It should additionally be noted that cryptocurrency exchanges may be newly established and subject to little or no regulatory supervision and, as a consequence, more vulnerable to attacks, fraud, or manipulation. Fluctuations in the value ascribed to FCX on any cryptocurrency exchange may affect the value of FCX on other cryptocurrency exchanges.
Regulatory restrictions may apply on the resale of FCX, whether under U.S.A law or the law of any other jurisdiction. No assured use of FCX on platforms other than the USFCX platform. FCX are designed for use on the USFCX platform. Although third parties may also build systems that also allow the use of FCX, USFCX does not anticipate to any involvement in those uses of FCX and has no responsibility for them.
There is no guarantee that any third parties can develop alternative uses of your FCX. No participation in operations. Holding BBXC does not confer any right to vote on, be consulted about, or have a say in (I) any aspect of USFCX management or (ii) how the platform is administered, developed, or governed.
As a result, FCX Folders will not have control over the USFCX platform FCX and may not prevent or prohibit USFCX from making decisions that may adversely affect the USFCX platform or FCX. This can lead to stopping of operations. There is no guarantee that USFCX or any of its affiliates will continue as viable companies. The utility and value of FCX depend on USFCX success and support of the USFCX platform.
If USFCX ceases operations and goes out of business, you may lose 100% of the value of your FCX.
Risks occurring during the platform’s operations – IT (Information Technology) security we realize, that straight after the launch, the platform will become a target for many hackers trying to jeopardize it. As a mitigation measure, we will work with White Hat Hackers to test the platform’s endurance and integrity. Market risk DACTs and DAFs derives their value from the underlying assets; therefore their price volatility will affect the price development of DACTs and DAFs. Mainly those DACTs and DAFs shall be introduced, where a growth of the underlying assets is expected, however the market volatility creates opportunity to gain high returns.
But can have regulatory risk there are many debates about future crypto-currency regulations – several states have already imposed various regulations; however, the regulatory scheme might be adjusted in the future in some countries. A great advantage to Blockchain is that it is country agnostic and can be used across locations without having to be converted into different currencies. - Technology limit risk Demand for cryptocurrencies has been extremely high we may suffer capacity issues when accepting new clients, as well as at the moments of extremely high amounts of transactions. IT infrastructure was built to be scalable. We will monitor the performance daily and will start preparation of capacity upgrades well in advance. - Liquidity risk – liquidity problems mitigated by market makers (external in case of classical coins, platform in case of DACTs and DAFs) – generally no issue due to the high liquidity of underlying assets - Interest rate risk – occurring only on those underlying assets, which are linked to interest rates – that also creates the platform’s opportunity
7.2 Glossary
Has 24/7 trading. Our platform’s resilient architecture supports round-the-clock trading. Also has real-time trade settlement program. Trade settlement occurs instantaneously across all instruments. Function of a multi-currency trading. Currencies are continuously added to meet market demand. That will include prime brokerage services. Assets lent for covered short selling and settlement of offline/on-chain orders. That uses the proprietary trading desk. By executing on-chain orders sourcing the best price available in the world’s major exchanges. The user will have an offline wallet. And this offline storage has the user’s primary wallet providing secure and instant process by interconnecting the offline order book. Globally interconnected order book where offline orders match. USFCX Exchange Coin (FCX).
Main vehicle used in the ecosystem to bridge fiat crypto and crypto-crypto transactions, easing access and liquidity flow to our global order book. Exchange Liquidity Aggregator. This is a class of systems to aggregate the liquidity from several cryptocurrency exchanges. Buyers and Sellers are able to find the very best prices without having to register with other exchanges. That has a matching engine. Software that will matches the bids and offers complete trades for an asset on an asset market. It uses one or several algorithms to allocate trades among competing bids and offers at the same price. It supports different order types like limit order or market order. It may have unique APIs or use standard ones such as FIX APIs. That will use a smart-order routing system.
This is a service that helps traders seek out where prices are best across a range of competing exchanges. That has a key-value store. A database made up primarily of a large hash table made up of unique parameters, or keys (e.g. screen resolution, color), and pointers that refer to corresponding particular items of data (e.g. 800x600, blue). It is extremely useful when used in running specialized applications with super-fast query capabilities. 54 Corporate accounts. A corporate client's trading account with BLUEBELT which includes brokers, exchanges, and institutions, and customer account. An individual client's trading account with USFCX.
7.3 Future Regulation
The Justice Department is coordinating with the S.E.C and CFTC over future cryptocurrency regulations to ensure effective consumer protection and more streamlined regulatory oversight. The US Treasury has emphasized an urgent need for crypto regulations to combat global and domestic criminal activities and, in January 2018, Treasury Secretary, Steve Mnuchin, announced a new FSOC working group to explore the increasingly crowded.
This White Paper is for reference purposes only and is subject to change or replacement at any time for information provided by the FX TOKEN (FCX) on the proposed cryptocurrency. The FX TOKEN “FCX” does not guarantee accuracy and does not bear any legal liability with respect to this white paper.
The white paper and all related documents contain statements about future projections. This reflects expectations and can be changed by the consequences of cryptocurrency funding and environmental factors, and the FX team is not obligated to implement and notify changes.
Whether or not to refer to this White Paper in decision making, is the outcome is based on personal judgment. In other words, the FX TOKEN Team does not bear any compensation or other liability for any damage, loss, debt or other damages to the individual by using this White Paper.
Purchase of cryptocurrency is at risk and you are responsible for all losses due to purchase.
ICO funding follows each national regulations and laws.
Thank you.
FCX Coin Team
US Foundry Cryptocurrency Exchange