FiiiCoin (FIII)

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Fiiicoin is a mobile mining based designed transaction system where every Smartphone user will be able to participate in maintaining whole block-chain network without relying on expensive mining machines and graphic cards.

Joke Name

FiiiCoin = Mobile Mining

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (FIII)

Coin or Token

Circulating Supply (483 Million)

Total Supply (2.4 Billion)

Market Cap Ranking

Review

Fiiicoin is a mobile mining based designed transaction system where every Smartphone user will be able to participate in maintaining whole block-chain network without relying on expensive mining machines and graphic cards. The main purpose of create this coin to re-utilize current resources especially mobile phones to take part in mining process. Even a non IT user or crypto Fan who do not have money to invest can able to earn some reward by just taking part in mobile mining system.

Crowdsale:

Registered in Hong Kong, the FiiiCoin team managed to raise nearly $11 000 000 in during the duration of the ICO.

Key Features:

  • Mining System
  • Network Architecture
  • Online Store

Mining System

Smartphone devices are not good at mining due to their limited storage capacity, weak computing power, low battery due to which mobile device is not capable of maintaining block-chain network 24/7. For synchronizing data in block-chain system mobile networks require 4G technology and if we run up node then mobile can finish up all bandwidth in no time. Fiiicoin mining consensuses are proof of capacity and proof of delegated capacity algorithms that will achieve mobile mining and enable mobiles to fully synchronize with their network.

Network Architecture

Fiicoin is a peer to peer network architecture that will connect constantly with multiple nodes to synchronize data within the same network. P2P mean that node connected to server has same privileges and communication capabilities that other have in flat topology. It will also provide other additional services to routing system that will enhance the performance of peer to peer network and new nodes will able to easily access to other nodes within the network. Fiiicoin network contain several master nodes that are distributed worldwide and providing data synchronization service and helping new nodes to find other nodes quickly. Similarly to bitTorent it also has a global tracker system that seeds all active nodes and provides all IP addresses to newly joined node.

Online Store

Fiiicoin is more than just a crypto wallet and offers you a simply way to shop online and make payments through Fiiipay network. It exchange has power capabilities of multi-crypto transactions and supports more than 1500 crypto coins. Their API is designed to be integrated with any website and online stores and give you an efficient method to send and receive online. Bluetooth 4.0 beacon technology payment system will be used that will broadcast custom pay load data that contains user identity information. FiiiPOS terminal will detect custom pay load and process payment request.

Problems:

While the concept of FiiiCoin sounds intriguing, there hasn’t been much interest in the service it offers or in the company behind it as a whole. The team has a lot of people many of whom with listed experience that cannot be verified for sure.

Conclusion:

Overall, the FiiiCoin project is not much to get excited about. The project has some interesting underlying technology but the execution is rather poor. The marketing has been lacking and the project is relatively unknown. We can only hope that team manages to turn things for the better in the future.

Pros

  • Interesting technology
  • Lots of exchanges

Cons

  • No direct backing (asset, profits, commodity)