Financial model offered by the banking system and cryptoexchanges at the moment
- Banks (emitent, acquirer) (commission 2-4% from payment)
- Payment systems (Visa, MasterCard, PayPal, Alipay) (commission 2-4% from payment)
- Cryptocurrency exchanges (Bitfinex, Binance, Kraken, Bittrex, Poloniex) (0,2% feeof the payment amount)
Decentralized CryptoBank FOTON
Thanks to a smart contract, customers work directly with a CryptoBank and save more than 8.7% on commissions and transactions.
- Cryptobank (0.5% fee of the payment amount)
- Smart Contract Commission for transaction of CryptoBank 0.5%, of Cryptocurrency exchanges 0,1%
Decentralized Platforms in Figures
Conclusion Because there are no intermediaries, the FOTON platform is cost-effective by 7.75%.
This releases more than $36 billion a year in the cryptocurrency market.
Involves a string of brokers that do not provide transparency and charge high commissions for both merchants and affiliates
Up to 10% of average budget spent on these financial systems, that are based only on interest of holders
Financial solutions and payment systems cost enough for business accounts - in management, services and accounting
No scalability and anonymity
Systems are outdated and are tough to apply new technology solutions. Legal entities do not provide anonymity of transactions
Creates an ecosystem that is transparent and automated on special engineering technology that connects brokers and uses smart contracts for fair deals
Foton system charges average of 0.5% of deals and make them even lower according to asset management in fair trading
Free to use
Foton ecosystem is filled with ready and free financial services for customers and is free to communicate with partners
Scalable and anonymous
Variety of tariffs and accounts provide anonymous use of crypto-fiat payment operations with global scale connection
CONVENTIONAL AFFILIATE NETWORK
Stores all data on one server, doesn`t reveal deal closure mechanisms, and involves both automated and manual operation
All financial transactions are processed centrally, resulting in increased processing times and delayed payouts to affiliates
Human factor makes it impossible to detect all cases of fraud on centralized platforms
In case of a hacker attack, hackers may get access to all accounts in the system
Problem of scalability
As the number of affiliates is growing, merchants may experience problems with general analytics due to disintegrated networks
FOTON-BASED AFFILIATE NETWORK
Doesn`t manage deals and focuses on providing high-quality service and technical support to both merchants and affiliates
With FOTON’s own cryptocurrency, affiliates can get instant payouts 24/7
Fair deals only
Open-source smart contract ensures fair and transparent deals between merchants and affiliates
Protection from hacking
On a decentralized platform, all user accounts are independent; if one account is hacked, this won’t breach the security of other accounts
All statistics and analytics in one place
With all data available in user’s personal account, dealing with several networks is much easier
FOTON Platform Architecture
Dapps and other types of external services will connect to Foton using unique APIs. Blockchain uses “Json-RPC API” protocol to allow interaction with any types of coins and smart-contracts inside network. We use web-3 and load balancer to sort them. Stable Tokens exchange back up live data from cryptocurrency exchange backed live feed.
Banking ecosystem of Foton is based on a native and flexible interaction or communication between main business processes (service, management and compliance), enterprise information systems (such as account data, DApps management and customer integrations) and own internal data processing layer (within Blockchain, documentation, tx history and others)
Hybrid exchanges should be the golden middle that will combine the advantages of a centralized exchange, such as cooperation with large investors and the trust of many users with the benefits of a decentralized exchange, such as secure storage and the absence of subordination to a higher authority
FOTON has 2 different types of blockchain: open and secure. 1. The purpose of own open blockchain network is to develop an alternative protocol for building decentralized applications, presenting a complex set of tradeoffs that we believe will be very useful for a wide class of decentralized applications, with special emphasis on situations where fast development time, safety for small and rarely used applications, and the ability of various applications to very efficiently interact, are important. Foton network does this by creating what is essentially the ultimate abstract foundational layer: a block chain with a built-in Turing-complete programs language, letting anyone write smart contracts and decentralized applications where they can form their own arbitrary rules for ownership, transaction formats, and state transition functions. 2. The secure blockchain includes all advantages of the open block chain, with the goal of providing secure in-chain services for the business. On the base of secure blockchain, we will launch Stable tokens smart contracts, KYC data storage, and a wide specter of business Dapps. Cryptocurrency exchange back connection by lifefeed will serve Stable Tokens smart contracts by actual trading data
API management is a technology connection of basic services of Foton and native and scalable platform for connection of other services of partners. Blockchain-based data clearing solutions operate on lightweight remote procedure JSON-RPC API protocol through web3 and load balancers. Future developing solution of atomic swaps is going to provide ability to interact with any coin-family and smart contracts
Platform FOTON is advantageous and convenient!
- The highest reliability and security, instant transfer of funds from point A to point B without limits with 0.5% transfer fee.
- Due to own cryptoexchange, you can exchange and withdraw cryptocurrency for a fee of 0-0.10%.
- Lowest fees, no hidden fees
- Loans for private individuals and legal entities.
- The best rates for instant purchase, exchange, cryptocurrency-to-fiat and vice versa conversions.
- The investment fund will help implement any projects, mining farms, and more.
- Own inter-bank financial channels system (SWIFT analog).
- Escrow is essentially a holding tank which will help you keep track and hold money to be transferred to another person during acquisition, exchange, or freelance services, etc.
- Own crypto ATMs and integration with the existing ones.
- An online robo-adviser that will advise the client when to buy or sell a cryptocurrency at a better rate.
- Instant smart contract-based payments for any services using cryptocurrency without withdrawal of money from your wallet.
- Contactless payment methods for mobile devices powered by NFC technology.
- Well-developed loyalty system, bonuses and cashback for operations, good deposit rates.
- Autonomy, the app will be available worldwide even if you ran out of mobile internet on your device.
- NFC to NFC cryptocurrency exchange.
- Non-cash purchases of cryptocurrency at a good rate.
- Legal investment of corporate funds in crypto projects, purchase of tokens, participation in an ICO.
- Salary projects.
- Cash withdrawals from anywhere in the world.
-Development of the
JANUARY - MARCH 2018
- Development of the
- Alfa-testing of
the FOTON platform
- Development of the Decentralized
- Development of a mobile app
- Solution for cryptoacquiring
- Development of the LIGHT\LIGHT
SECURE blockchain network 4.0
- Presentation of the MVP version
- Development of FOTON SMART
- Crypto-crypto exchange
- Preparation for PreICO
- Publication of a «WhitePaper»
- Crypto-fiat-crypto exchange
- Launch of «LIGHT SECURE»test
- Network stress testing
- Open testing of the FOTON platform
- Development of Business Account
- Launch of «LIGHT SECURE».
- Launch of Light Network test.
- Network stress testing «LIGHT»
- Testing of services’ integration
into «LIGHT SECURE»
- Launch of customized web wallets
for Light/LightSecure. Token Explorer
- Company opening in the EU
- PreICO Launch
- Launch of Light Network
- Stress network testing «LIGHT»
- Development of a deposit module
- Development of the Smart contract
for business accounts
- Development of Stable Coin
- Development of additional services – escrow, hedging services, “secure”
- Licensing operations with
cryptocurrency and fiat money
- Beta-testing of the Decentralized
- Development of a module to
integrate with CMS
- Development of a module for
- Launch of ICO Round I
- Migration from ERC20 tokens
- Mining pool
- Submitting documents for
licensing to work with cryptocurrency
and fiat money
- Launch of the Decentralized
- Atomic swaps
- Receiving an banking license
- Development of the credit token,
integration with the scoring
platforms, set-up of the algorithms
for self-regulation of the tokens
- The end of ICO Round I
- Issuance of StableCoin
- Purchases/acceptance with
- Launch of ICO Round II
- Utility functions of businesses
- Development of Passport
- Development of a trading platform
- Development of an arbitration bot
- Grants for IT security
- Receiving an EU banking license
- Inclusion in Visa/MasterCard
- Establishment of our own
- Issuance of our own virtual/plastic
Grants Open API products
- Launch of Passport ID
- Development of neural networks