Project Update 10: 03.08.2018
As we’ve previously announced, FuzeX team has concluded July with a lot of good news for 3 days from July 25 to 27: becoming listed, partnership and buyback plan. More details can be found at the links below.
- Listing Update : https://bit.ly/2AtZZ2J
- Partnership & Advisor : https://bit.ly/2A8vHCs
- Buyback Plan : https://bit.ly/2NO3Eu3
CBT Successfully Completed
FuzeX team successfully executed a closed beta test (CBT) from July 26 to 27. Its video was posted on FuzeX’s official channels on YouTube, Twitter and Facebook on July 30.
The video consists of two parts, mainly featuring the contents at below:
[Part1]
The entire payment flow using FuzeX card and FXT was shot in an one-take technique. The video shows how the payment goes through a 6-step checklist on the screen. The payment follows an account verification by partner exchange, payment, real-time withdrawal from balance and its confirmation, and payment notification. At 1:07 point in the video, payment reduces the balance in the exchange account, demonstrating that FuzeX’s technology successfully performed synch with the exchange.
[Part2]
The video shows a user’s perspective cut by cut. By turning on the card and inputting pincode, a user can check and use the card’s remaining balance. This part demonstrates why FuzeX card offer stronger benefits than other payment projects in user-friendliness and security. Following the payment, the user can also check detailed information on the card usage and and where it was used based on GPS.
The CBT video shows that Team FuzeX is ready to launch FuzeX card-based payment service, and is now one step closer to bringing cryptocurrency to everyday mainstream payment.
BuyBack Initiated!
FuzeX team has initiated BuyBack of at least 2,000 ETH since July 31.
As previously notified, this BuyBack aims to increase brand value and the number of users to raise financing for marketing for promoting FXT as a globally available coin.
FuzeX team will further inform you about the BuyBack once the process is concluded.
FuzeX Marketing
FuzeX team continues to design new marketing campaigns to promote FuzeX project.
With the successful execution of Airdrop, the Bounty Program and Lock-Up Event are underway.
Bounty Program
1. Bounty Period : 7/18~8/21 23:59 KST/UCT+9
2. Content : Share our post on social media or create new contents and get free FXT!
More than 800 people have applied so far. You can check the number of participants and scores here.
Lock-Up Event
1. Event Period : 7/25~8/3
2. Content : Hardware wallet FuzeW (worth about $149) will be offered to participants who lock-up min. 75,000 FXT for two months.
The opportunity to effortlessly grab one of the safest and edgiest cold wallet awaits you. Today is the last day! We’re waiting for you to join us here.
Events
Huobi Carnival
FuzeX team attended Huobi Carnival held for two days between August 2-3. Huobi Carnival is a Blockchain conference hosted by global digital asset platform Huobi Korea. Its major speakers and attendees included: Jihan Wu, Founder of Bitmain; Roger Ver, CEO of Bitcoin.com; Hajin Jun, Chairman of Korea Blockchain Association; Joon Yong Choi, Partner CEO (Seoul) of New Margin Capital; Jun Du, Founder of Node Capital. FuzeX team also joined the carnival and engaged in multiple project exchanges and meetings with leaders from the industries across the spectrum for further development.
Patent registered
FuzeX team completed patenting its cryptocurrency payment method on July 27.
- Patent Name : Method for payment by cryptocurrency and payment medium for the method
- Patent No. : 10–2018–0088206
This patent is a method that enables the usage of a payment card to utilize cryptocurrency for making payment at stores, with the payment card serving as both a payment tool and hard wallet. This patent was registered in South Korea, and we plan to apply for an international patent soon.
Please follow our progress and where we’re heading to!
Thank you.
