What it is about
Fyooz is a social money pioneer with proof of concept and notoriety. Now that Fyooz resonates with celebrities, it is time for some adjustments, including: allowing FYZ holders to participate in decision making and or getting exclusive benefits by participating in the “Fyooz Circle”. The functionality as a payment token and transaction currency will remain.
How it works
As an owner of FYZ Coins you get the exclusive right to become a member of the “Fyooz Circle”. Fyooz has created three Circles in the form of Telegram groups. The three Circles require different amounts of FYZ to be held in order to be admitted. On the other hand, members receive different benefits and rights.
To participate in the «The Club», you need to hold 1,000 Fyooz Coins (FYZ). To gain admittance into the «The Jury» and thus gain voting rights, the amount is 10,000 FYZ. In addition, there will be a «Hall of Fame» for everyone who holds 100,000 FYZ, which entitles members to submit proposals.
The Club
Everyone holding at least 1,000 FYZ is entitled to enter “The Club”. With this, the holders show their involvement in building the Fyooz platform and commitment to the evolvement of a social money economy. Information will be shared and discussed before it goes anywhere else. Members have the chance to get airdrops and NFTs.
Get Access here:
👉🏼 http://bit.ly/FYZ_TheClub
The Jury
Anyone who holds 10,000 FYZ automatically becomes a member of “The Jury”. This not only ensures that you are more involved in the business and have the chance to get even more exclusive experiences, but also that you have additional rights. Members of “The Jury” vote on proposals that are put to a vote by the “Hall of Fame” or the Fyooz Team.
Get Access here:
Attention: March 6th, 10:00 am CET: Access temporarily restricted — Airdrop in process — will re-open after airdrop distribution is complete.
Vote on a proposal:
👉🏼 http://bit.ly/FYZ_Vote
Hall of Fame
In the “Hall of Fame” you are automatically included if you have 100,000 FYZ on a single wallet. In addition to the rights and benefits of the Club and Jury circles, the members of the “Hall of Fame” receive the right to formulate proposals and thus decisively contribute to Fyooz. Members of this group can introduce people whose admission will be voted on. These can be stars, consultants, partners or selected community members who have shown commitment to the project.
Get Access here:
👉🏼 http://bit.ly/FYZ_HallOfFame
Vote for or against a proposal:
👉🏼 http://bit.ly/FYZ_Vote
Launch a proposal
👉🏼 http://bit.ly/FYZ_NewProposal
Governance Tools
The “Fyooz Circle” is organized on Telegram, using Collab.land to govern access rights to the “Fyooz circles”. That means you will automatically be removed from a Fyooz Forum group if you sell FYZ coins. Proposals are created and submitted off-chain via Snapshot.
Fyooz Circle access
It is possible that not only FYZ, but also other coins, for example, Star Tokens or partner coins from Fyooz, entitle to get access to the Fyooz Circle.
Fyooz Team Rights
Even in times of progressive decentralization, a core team is important for driving the project. Therefore, the team has the right to put proposals to a vote, and — since the team is ultimately responsible for the implementation — also to veto proposals from the “Hall of Fame” as a last resort.
Summary
With the introduction of this access, voting, and governance system, Fyooz rewards loyalty and gives investors, stars, and advisors the opportunity to actively participate in further development. Moreover, membership in one of the Fyooz Forums will allow Fyooz holders access to information and benefits. The changes will come into effect as of February 1st, 2021.
Links
The easiest way to buy FYZ.*
👉🏼 https://www.fyooz.io/circle/#how-to-buy-fyz
More information and access to Fyooz Circle*
👉🏼 https://www.fyooz.io/circle/#the_circles
* This Yellow Paper shall not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. Any such offer shall be made in accordance with the terms of all applicable securities and other laws and pursuant to separate offering materials that will provide more complete information necessary to make an investment decision, including the risks associated with investing in currencies, blockchain technology and digital assets.
This Yellow Paper is intended only as a summary of selected information about Fyooz Coins, is not intended to be used for any other purpose, does not purport to be a complete description of the risks of purchasing Fyooz Coins, and is subject to, and qualified in its entirety by reference to, separate offering materials to be prepared by Urknall AG. The specific terms of purchasing Fyooz Coins remain subject to the terms of the separate offering materials, which terms may change materially from the terms set forth herein. Urknall AG has the ability in their sole and absolute discretion to change the information and terms described herein. The team has the possibility, for important reasons, to increase or decrease the required quantity of FYZ for access to a group.
This Yellow Paper is the property of Urknall AG. Upon the request of Urknall AG, this Yellow Paper and any derivative works and copies thereof shall be returned. Urknall AG makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein should be relied upon as a promise or representation as to the future price of Fyooz Coins.
