Futurelinktoken is allegedly offering blockchain tokens for the price of 3 Yen per token. The platform claims that they will be guaranteeing free cash and market circulation, paying dividends, shopping and selling of mining equipment. The token runs on the concept of Prove of History framework which is a distributed node architecture based on a large number of device nodes. Now, Futurelink token claims that this operation is overseen by a company called FULI Capital. It is allegedly registered in the UK.
Some of the features of this project have been listed down on their website. These include global retail market, fully automated operation, mining machines, community incentives, smart retail, proof of history, balance of computing power, core hash algorithm, token economic model and many more. They also claim that this platform is quite reliable as it has already obtained investments from companies like Bridgewater Fund and Morgan Stanley. This statement sounds like a lie as there is no evidence to suggest that this operation is working with big companies whom are trusting them with their investments. It is just too difficult to believe this lie.
At this point, we learn that Futurelink token is called the FuLI token. The company claims that there are currently 2,000,000,000 Tokens in supply. FutureLink community has distributed the use of the token to include the following: Mining, airdrops, FutureLink platform, founders, bounty program, administrative expenses and not MINING. They have dedicated 70% to mining and 10% to community incentives. The rest of the areas have been assigned small percentage in this distribution of tokens. Now, it appears that the interest is on mining Crypto currencies because mining is currently awarded a big share of funds. We need to find out if this company is genuinely investing in Crypto mining as proclaimed on the sales page. There are many instances when we have come across such operations selling tokens while claiming that they are involved in Crypto mining activities. We therefore need to see proof and some seriousness as well. Otherwise, this too will come out as a lie. The rest of the funds are supposed to be invested in marketing, legal issues, sustainability, Team FutureLink, advisors and collaborators.
Before we go that far, we need to warn you that investing in ICOs is not an easy thing. This is an area that only experts can be able to educate you. If you buy just about any other token, chances that you will lose money is like 99%. And you can rest assured that FutureLinktoken is not in the 1% genuine projects. Therefore, as a quick reminder, we have decided to offer an alternative way of investing in Crypto currencies, which is to trade or mine them. If you are intending to trade them (because trading is also one of the aspects of the alleged token which Future Link is selling right now), you can take advantage of these bots and smile all the way to the bank. On the other hand, if you are intending to mine Crypto currencies, make use of these platforms which have proved to be reliable for a very long time now.
We will summarize whatever that is written on the sales page by directly quoting what they have said concerning this operation.
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Based on blockchain technology, the FULI service platform uses the POW consensus mechanism and FULI’s multi-user online mechanism to combine mining and FULI transactions. The global FULI circulation will open the FULI of the FULI service platform with the user’s FULI with distributed encryption algorithm. Players can obtain FULI in any of their favorite products and can use, extract and trade in any FULI product. FULI et al; FULI service platform is the core display and blueprint of FULI, and is also the home of every user.
In other words, Fuli is a token that can be mined and traded just like any other altcoin. The problem is that there are too many new coins in the market and nearly all of them are not legit. Plus we are concerned with the fact that this coin is not listed on the Crypto exchanges and this makes it hard to trust them. By the way, the value of an altcoin will only rise or drop based on the forces of demand and supply. If this coin is only circulated within the FutureLink ecosystem, problems are bound to arise. In fact, the coin will suffer liquidity issues because as you can see, not many people will ever get convinced by this project. Not only does it look shady, but the spelling errors on this website makes it look like a scam. It will put many potential investors away.
They are essentially saying that this token can be traded internally and this begs the question of whether FutureLink has created an internal exchange through which trading can happen. As far as the marketing material on the web page is concerned, there is no internal exchange which simply means that trading will not be possible in this coin. On the same note, you have to remember that this coin has not and will never be listed with any of the major altcoin exchanges out there. So trading in this coin is literally impossible at the moment.
They also claim that this coin can be mined. This is a lame excuse because clearly this site is trying to sell tokens on the allegations that it will invest in mining equipment. We need to see a genuine effort that things have been put into place and that mining will happen.
FutureLink looks like a scam. There is no honesty in this presentation. In fact, don’t be surprised to find out that this is a ponzi scheme. It resembles a ponzi scheme due to lack of transparency and other elements that would have made it a genuine ICO.
You can trade major Crypto currencies using good bots that do the job. As for FutureLink, we are sure that people will lose their money.
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