Futira Coin -backed by famous entrepreneur: Dr. Hatem Zaghloul as one of the inventors of technology

Fraud in the Crypto World

A 2019 report to the EU suggested that 78% of all cryptocurrency offering are fraudulent scams. This is a staggering amount. Out of the remaining 22%, 7% are successful and 3% are promising whilst 7% fail or die, 4% dwindle as seen in the figure to the side. (Group, 2019) However, out of the successful 7% users have seen profits that should they have invested in all currencies equally, they would have still made money.

Why

A quick glance at the utilization of mobile telephony around the globe shows that almost half the world and over 57% of Africa does not have internet. This is not getting better through the introduction of the traditional generations of mobile telephones. The reason is simple: the infrastructure is expensive. The main concept of a telephone network is in the presence of a central office that routes the calls or the internet packets. These central offices are expensive; so expensive that should one try to cover all Africa with the current central office technology, one will never recover their investment. This is because of the low density of the population. The solution is to decentralize the central office through blockchain technology for the user data and smaller switches for the routing of the data. The

Inovatian Group of Companies (www.inovatian.com) were founded to realize this dream. They have worked diligently since 2015 to reduce the infrastructure cost.

These three innovations reduced the cost of the network by almost ten times; making covering Africa and other unconnected areas a reality. For more about the solution Inovatian is planning for Africa, read the article in the October 11th, 2020 issue of Wired magazine (Wired Magazine, 2020)

We plan to issue the Futira Coin within the first six months of 2022. The Futira Coin will be on the Futira Chain, a private and permissioned blockchain that will not be anonymous. To allow for faster implementation of the project of Futira, we are deployed the Futira Token on the Tron network on January 1st, 2022 The public trading of the Futira Token will start on February 25th, 2022.

A Futira token can be exchanged with a coin when the coins are available publicly. The proceeds of the sale of the token and the coin will go to finance building mobile operator networks in poor countries. Sadly, around one third of the population of the world does not have access to mobile communications nor internet. Futira plans with the Inovatian Group of companies to bridge this digital divide through a unique blend of 4G and mesh WiFi intermingled with blockchain to reduce the costs of the infrastructure. The token/coin will be the means of holding credit on the network; this will build demand for the coin. Given that the pool of customers is around three billion, this can be huge.

Coins vs Tokens

Each blockchain can have one coin on it. The blockchain is like an exchange (like the Nasdaq stock exchange) with its coin being the currency of the exchange. Tokens are like stocks that can trade on this exchange. In reality, they are defined in terms of the coin of the exchange. Their trading on the exchange increases the demand on the coin. Tokens can come with dividends or other benefits. Coins are not meant to have any benefits other than their potential appreciation.

FOR SKEPTICS, ZAGHLOUL’S plans may seem fantastical, but that cynicism should be tempered once you know his credentials—the phone you’re using right now to watch YouTube videos may largely rely on internet technologies he helped create.

(Wired Magazine, 2020)

The Futira Coin

More than half the world does not have access to the internet. This is positively correlated with economic growth and has established the digital divide where some people are connected and others are not. The mobile industry globally represents 5.1% of the gross domestic product. Needless to say providing high speed mobile telecommunications to the poor countries will help them improve their GDP and in turn will lead to higher spending on telecommunications. This positive cycle will keep going till these countries fully develop.

So, by introducing low cost mobile operator services using technologies that are at a fraction of the cost of technologies deployed in advanced nations can be profitable in the short term and extremely profitable in the medium and long terms.

Futira Coin is unique as it’s one of the few cryptocurrencies backed by a real-world commercial business, meaning that as long as the network exists the Coin should not lose its value. To the contrary, the Coin should increase in price because of demand and fiat currency inflation. Also, Futira is backed by known businessmen: Dr. Hatem Zaghloul who is credited as the co-inventor of the technologies that led to the introduction of the high-speed WiFi, 3G, WiMAX, LTE, and 5G, and Dr. Hani Hebaishi, the man who single-handedly brought over $400M of investment into Georgia.

Disclaimer of liability

To the greatest extent permitted by applicable laws, regulations, and rules, Futira Token/Coin and/or the Distributor will not be liable for any indirect, special, incidental, consequential, or other losses of any kind, whether it be 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 one’s acceptance of or reliance on this Whitepaper or any part thereof.

No representation and rewards

Futira Token/Coin and/or the Distributor make no representation, warranty, or undertaking in any form to any entity or person, and hereby disclaims therefore any representation, warranty, or undertaking, including any representation, warranty, or undertaking reference to the truth, accuracy, or completeness of any of the information set forth in this Whitepaper.

Representations and warranties by you

By accessing and/or accepting possession of any information in this Whitepaper or any part of it (as the case may be), you represent and warrant the following to Futira Token and/or the Distributor:

(a) You agree and accept that the Futira tokens do not, in any jurisdiction, constitute securities.

(b) You agree and acknowledge that this Whitepaper is not a prospectus or offer document at all and is not intended to be comprehended as an offer of securities in any jurisdiction or a solicitation for securities investment and that you are not obligated to enter any contract or binding legal commitment.

(c) You agree and acknowledge that no regulatory authority has evaluated or approved the information contained in this Whitepaper, that no action has been taken or will be taken in accordance with any jurisdiction's laws, regulatory requirements, or rules, and that the publication, distribution, or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements, or rules have been obeyed.

(d) The distribution or dissemination of this Whitepaper, any part of it, or any copy of it, or your acceptance of it, is not prohibited or restricted by applicable laws, regulations, or rules in your jurisdiction, and where possession restrictions apply, you have observed and complied with all such restrictions at your own expense and without liability to Futira Token and/or the Distributor.

Finance and Accounting:

Alnamaa Accounting and Bookkeeping LLC, Dubai

Incorporated in Dubai since 2011. ALnamaa has excelled in all financial auditing, review, and consulting.

+971 4 259 5670

Legal:

Heba Ahli Advocates and Legal Consultancy,

+97143358885

Cybersecurity:

Wedge Networks is a cyber security software vendor specializing in Real-time Threat Prevention.

+1-888-276-5356

further information

WEB : https://futiracoin.com/