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Funjo Coin White Paper

The document provides information on FUNJO coin, a decentralized cryptocurrency network with its own blockchain. It discusses the coin's features such as its total and circulating supply, algorithm, block time, and block reward. It also outlines the coin's goals of supporting online platforms and providing a digital payment solution. Additionally, it describes FUNJO's mining difficulty and rewards, as well as details on how users can generate their own tokens by creating smart contracts.
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0% found this document useful (0 votes)
182 views15 pages

Funjo Coin White Paper

The document provides information on FUNJO coin, a decentralized cryptocurrency network with its own blockchain. It discusses the coin's features such as its total and circulating supply, algorithm, block time, and block reward. It also outlines the coin's goals of supporting online platforms and providing a digital payment solution. Additionally, it describes FUNJO's mining difficulty and rewards, as well as details on how users can generate their own tokens by creating smart contracts.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Index

1. Abstact
2. Introduction
3. The Audience
4. Problem Statement and Solutions
• E-Commerce Problem Statement and Solutions
• Open Source Software Projects Problem Statement and Solutions
• Product Forcasting Problem Statement and Solutions
• Surveying and Mapping Market Problem Statement and Solutions
• Advertisement Problem Statement and Solutions
5. FUNJOCOJN
• What is FUNJO Coin?
• Difficulty Level and Rewards of FUNJO Mining
• Uncle Rewards
• FUNJO Coin Details
• Is FUNJO Coin a Security, Then?
• If FUNJO Coin Moves to Proof of Stake, Will be Considered a Security?
6. FUN-50 Token
• The Purpose of FUN-50Tokens
• Rewards Model
• Consumers will use or Earn FUN-50Tokens for Professionals will use or
Earn FUN-50Tokens for
• Value of FUN-50Tokens

7. Roadmap
• Registration in Exchanges
• FUNJO Wallets
• Move to a Hybrid PoW/PoS System
• Increase Usability of FUNJO
8. Team
9. Conclusion
10. Disclaimer
1. Abstact
FUNJO is a Decentralized Cryptocurrency Network having it’s Own Blockchain Platform
to Run Smart Contracts and Applications Exactly as per Program without any possibility of
Censorship or Third Party Interference. FUNJO is A Hard Fork Of Ethereum. By applying
the technology to a series of real world use cases, With the goals of supporting the online
platforms and technology available we have come up with the idea of FUNJO coin is a first
step to becoming part of a new movement of financially savvy and forward-thinking users.
The motto is to provide a digital crypto platform for easy, safe and secure payments.

FUNJO Coin provides user-friendly, efficient and secure crypto banking, payments and
eCommerce solution utilizing blockchain technology, underpinned by FUNJO. FUNJO
provide transparent environment, reliability and integrity to various industries like e Com-
merce, Software Devlopment, Online Education, eRecharge, Bill Payments and All Types
of Tickets Booking (Movie, Bus, Train, Flight), Hotel Booking, Transportation, Matrimony,
Austrology, Social Media, Banking. MLM and the Marketing and Advertisement Industry.

FUNJO users can Buy any Available Product On eCommerce Platform . FSC platform
allows users to Generate Their Own FUN-50Token Coins by Creating Smart Contracts
which work as an agreement between all involved users. The platform has its own currency
FUNJO, which can be usedto Generate Token Coins. Any User have FUNJO Wallet Bal-
ance Can Generate his Own FSC Based Token Coin without any Cost (Cost Equal to one
FSC Transaction Feejand Start his Own Business Independently . A FUN-50 Token Owner
can Make Transactions of that Token with other users using FUNJO Blockchain and Trans-
action Fees Will be Deducted in Form Of FUNJO.

We are also dealing inSoftware Devlopment Business. We develop all kinds of Websites,
Android, ios and Windowsapplications. we offer Quality Software in Nominal Cost We also
provide our users FUNJOCampaign platform which they can Promote /advertise any
Business. They can Calculate their research and data analysis. while we do not supply
anything to anybody, the community itself is the source and repository of data, open to all
users. This platform is a result of the creativity, rich imagination of our development team,
which work really hard to devlop a platform which provides 100% satisfaction, correct
insights and leads for an advertiser.

Our Development team has Created FUNJO and all FUNJO related platforms to achieve the
intended goals and our Development Team is tring to do much more for benefit of our users.
2. Introduction
This Whitepaper provides a Brief Explanation about FUNJO Coin and FUN-50 Relat-
ed Products. Company’s goal is to provide a Mechanism which helps all kinds of Crypto,
eCommerce, Social Media, Advertising and other Business service providers, products
providers, consumer product Manufacturers and Users with FUNJO platform to Unify and
create a common community where all contributors will rewarded for theirs contributions in
the form of cryptocurrency incentives. These Incentives and rewards will encourage new
users to participate in the community to Contribute and earn massive Income.

GO FUNJO platform is industry specific and capable to create smart contracts and allowing
everybody to Generate their own FUN-50 Crypto Tokens to Start Blockchain based Next
generation business module.

FUNJO is a crypto-currency and an independent coin. New users can buy FUNJO from
existing users or by Trading on Crypto Exchanges. The price of FUNJO is community
controlled. As the number of users and FUN-50 Tokens increases, value of FUNJO will
increase proportionally.
3. The Audience
FUNJO platform is open to anybody requiring a smart contract-based transaction service,
our primary target audience will be:

1. Right Audience for E-Commerce.


2. Consumers who want to avail quality services from genuine providers
3. Marketers who want quality leads and true RO,
4. Advertisers who want to advertise without wasting precious time and resources
4. Problem Statement
and Solutions
• E-Commerce Problem Statement and Solutions:
Ecommerce Sector. It is hard to identify right Audience and Choose Products accord-
ing to public demand and make products available in reasonable price. Our aim is to
develop software which will help to choose right Audience and Choose right Products
according to public demand and make products available in reasonable price.

• Open source software projects Problem Statement


and Solutions:
Anybody can download, use, and upgrade open source softwares. The biggest issue
with open source software is that there are widely in use and risk of malware in form of
an update from unknown source. It is difficult to identify a genuine or effective sources
of update. We have aim to develop safest platforms to solve this issue.

• Product Forcasting Problem Statement and Solutions:


Product Forcasting is a key point to achieve success in any business. Right product for
right customer group is much needed. Our aim is to develop software which will help for
right product forcasting.

• Surveying and Mapping Market Problem Statement And


Solutions:
Survey and Market maping Industry is growing rapidly. But this industry is facing prob-
lems about Fake leads and fake instings. Our aim is to develop software which will help
for right product forcasting.

• Advertisement Problem Statement and solutions:


Advertisement is a USD 550 billion industry on the global scale. Generally the ROI on
advertisement campaigns is considered worth it, it drives in just the twice of amount
spent on advertisement. Fake reviews, fake views, fake shares and likes, are just some
of the reasons where the investor’s money is being wasted. Our aim is to develop sys-
tem which wil reached a potential customer and leads to allowing Advertisement indus-
try to achieve the highest level of efficiency
5. FUNJO COIN
• What is FUNJO Coin?
FUNJO is a Decentralized Cryptocurrency Network having it’s Own Blockchain Plat-
form to Run Smart Contracts and Applications Exactly as per Programmed without any
possibility of Censorship or Third Party Interference. FUNJO is A Hard Fork of Ethere-
um. By applying the technology to a series of real world use cases, With the goals of
supporting the online platforms and technology available we have come up with the
idea of five star coin. Five star coin is a first step to becoming part of a new movement
of financially savwy and forward-thinking users. The motto is to provide a digital crypto
platform for easy safe and secure payments.

FUNJO Coin provides user-friendly, efficient and secure crypto banking. payments and
eCommerce solution utilizing blockchain technology, underpinned by FUNJO Coin.
FUNJO provide transparent environment, reliability and integrity to various industries
like eCommerce Projects Will Launch. Anybody from any Business Sector Can Join us
as Partner, Contributor, Franchise, Token Ownere or user to Earn Maxmimum Benifits
of FUNJO Blockchain Technology based Projects.

FUNJO platform allows users to Generate Their Own Token Coins by Creating Smart
Contracts which work as an agreement between all involved users. The platform has
its own currency, FUNJO, which can be used to Generate Token Coins. Any User have
FUNJO Wallet Balance Can Generate his Own FUNJO Based Token Coin
without any Cost (Cost Equal to a FUNJO Transation Fee) and Start his Own Business
Independantly.

A FUNJO Token Owner can Make Transtions of that Token with other uaers using
FUNJO Blockchain and Transion Fees Will Deducted in Form Of FUNJO.

• Difficulty Level and Rewards of FUNJO Mining:


FUNJO networks difficulty adjusts automatically as more miners join the network. It also
depends upon the hash rato of the miner. At a constant rate of approimately 30seconds
por block.

• Uncle Rewards:
At an assumed uncle rate of 15%, and rewards for uncles being 6 FUNJO Coin per
block, the approximate amount of uncle rewards would be approximately 6”15/100
100million (approximately 9.99 million). This would be added to the platform net. Re-
wards:
For every successfully mined block, 6 FUNJO Coin are rewarded. If two miners happen
to mine a block simultaneously, i.e. if an uncle is
generated, 6FUNJO Coin are given to the uncle miner as well.

• FUNJO COJN Details:


Total Supply: 5586059.0000o000

Circulating Supply: 1974076.58622877800000000

Algorithm: ETHASH

Block Time: 30 sec

Block Reward: 6 FUNJO

As FUNJO Coin uses a concept of gas instead of block size which is a cap on both
processing and storage/bandwidth because the cost of a transaction/function is fixed in
units of gas for each type of instruction. For exampleifa transaction uses an amount of
21000 gas, the number of transactions can be found by dividing the gas limit by gas per
transaction. The gas limit of genesis block is 2000000. So in terms of scalability, accord-
ing to the benchmarks during testing, It can confirm nearly a thousand transactions in
just a couple of minutes.

• Is FUNJO Coin a Security Then?


Even though FUNJO Coin coins involve investment, there is no imminent or expected
profit from investing in FUN-50 Tokens themselves. Further, they are not a common
enterprise investment. Instead, they are a mutually agreeable mode of transaction which
is convertible into smaller token for ease of exchange. Also, there are no third parties on
FUNJO Coin platform. Users themselves offer smart reward programmes to interested
patrons. It could be understood more like an agreement between two individuals, the
later agreeing to do something in return of a favour by the former. To answer the
question in one word, No, FUNJO Coin is NOTA security.

• If FUNJO Coin Moves to Proof of Stake, Will to be


Considered a Security?
When FUNJO Coin moves to Casper on PoS asa consensus protocol eventually, users
will have to mine their blocks themselves to earn FUN-50 Tokens. This is not countable
under third party profits. Hence, even after FUNJO Coin moves to PoS, it will NOT be
considered a security.
• Smart Contracts
Conceptualised as the instrument of collaboration among two or more entities or parties
on theinternet, where knowing the true identity of the other party is not always possible,
smart contracts have more applications than they initially were intended for.
In the proposed system, we use smart contracts as the primary mode of transaction be-
tween users on FUNJO Coin.

1. No Technical Knowledge or Other Tools Needed: A user


would not need any technical knowledge or other technical tools like Geth, Meteor, or
Mist to run the smart contracts.

2. Smart Contract Templates: There are readily available smart contract


templates at the user’s dashboard. These are always available
and ready to execute. All you need to do is, log in and deploy the contracts.

3. No Sync Delays: Since FUNJO Coin works directly with Ethereum, no third
party software which is needed to sync smart contracts with the platform. This reduced
the procedure delay, and the contracts get executed instantly.

4. Customized Contracts: Users can create their own contracts from


scratch using FUNJO Coin.

5. Legally Binding Contracts: User can edit the contract and add con-
ditionality including laws. Laws mentioned in the contract will be legally binding to all
involved in the contract. For example, if you want to include a non-disclosure clause in
your smart agreement and bring it in the ambit of law, all you need to do is include the
corresponding law by stating that this law applies to the contract to ensure non-disclo-
sure.

6. Enterprise Grade: We understand that several enterprises will use FUNJO


Coin, hence enterprises can upload their documents and turn them into a smart contract.
No adaptations whatsoever will be needed in their system.

7. Costs to deploy smart Contracts: While the FUNJO platform appli-


cation is free and open, availaing services provided by the network costs money. To use
this, One should hold the platform’s cryptocurrency, called FUNJO Coin. FUNJOCoin
can be bought using fiat currency from the community or can be earned through being
the part of the network as a miner For example, You will need FUNJO to not only to lock
them for smart contracts but they are also needed to pay for the transaction costs, ie. to
pay for the gas, and for releasing FUNJO Coin. When you FUN-50 Tokens, your ac-
count will be charged the corresponding amount in FUNJO Coin and FUN-50 Tokens will
are disposed as soon as bought back. Also there are other endless use cases where the
platform is going to help the sectors.
8. Smart Contracts Subscription: While every user can deploy as
many smart contracts as they wil, they can deploy the contracts only till they have the
requisite amount of Fiv O lTT should also pay attention to the fact that users will also be
paying an account fee, a platform on top of FUNJO Coin incurs charges. However, we
intend to keep these charges as nominal as possible.

9. Security: While we keep our systems updated and abreast with all the threats
that can compromise the platform’s if a certain user wants an extra layer of protection, in
form of another layer of encryption or such, we also allow that. However, every transac-
transaction will get recorded on the block-chain platform anyway, and the user’s identity
can be tracked back with due diligence.
6. The FUN-50 Tokens
• The Purpose of FUN-50 Tokens
FUN-50 Tokens is the token which is to be the used for all transactions on the platform
FUNJO COJN. It is there to ensure reward flexibility and ease of transaction for all
interested parties at the platform. A user can decide the value and number of FUN-50
Tokens he is going to offer, and offer as many as he decides as long he has the requisite
amount of FUN-50 Tokens in his/her wallet.

• Rewards Model
The platform implements a rewards model. Users contribute their time, talent, and efforts
for other users hence receiving something in return. Using well audited smart contracts
fortifies the platform against any kind of fraudulent users or scams. All the FUN-50 To-
kens earned through a particular task will be redeemable from the issuer, who can issue
those FUN-50 Tokens only if he has the requisite amount of FUNJO Coin currency or fiat
substitutes.

• Consumers will use or earn FUN-50 Tokens for Profes-


sionals will use or earn FUN-50 Tokens for
Consumers can use the earned FUN-50 Tokens to buy products from the issuer, trade
them for FUN-50 Tokens or fiat currency from the issuer, and loan them to other users,
allowing them to gain interest on their FUN-50 Tokens. They can choose when to liqui-
date their coins or to keep them in their wallet. With time, as FUNJO Coin releases app
wallet, users will be able to store and access their FUNJO-50 Tokens across software
platforms and devices. Professionals including but not limited to marketing managers,
brand managers, publicity managers, advertisers, surveyors etc. will use smart con-
tracts to further their goal. For example, a surveyor may set a certain revward for anyone
who takes part in a survey. This way, the user gains FUN-50 Tokens. As these FUN-50
Tokens can be bought back by only the issuer, the issuer also has created a potential cli-
ent. When the client redeems the coins, they get a quality product, at a discounted rate.
Also, as the smart contract ensures all the terms, conditions, and proposed benefits
beforehand, the transaction is devoid of any disputes, whatsoever.

• Value of FUN-50 Tokens


Value of FUN-50 Tokens, may be decided in three way (as mentioned in the Technology
module), manual valuation (when the offering party sets the value of its FUN-50 Tokens
manually, in terms of FUN-50 Tokens or fiat currency), FUNJO Coin based valuation,
and fiat currency based valuation. As the community grows, the value of FUNJO-Tokens
will also go up.
7. Roadmap- FUNJO
• Registration in Exchanges
We are a Registered in CMC Q2 2021, We have also our own DECENTRALISED Ex-
change Platform FUNJOTRADE.COM In near Future we wil try to List

• FUNJO Wallets
In near future, we seek to develop wallet applications across various mobile platforms
including Android, ioS, and desktop, Linux, Macos, and Window Os. These will available
as soon as the development process gets over. A limited section of our users will get the
beta version for performance and interface testing and once cleared by all channels, the
wallet apps will be released all over.

• Move to a hybrid PoW/poS system:


In step with Ethereum, we are aiming to adapting the latest standard of the industry.
While we are following the PoW consensus protocol, we have aim to move to the Hybrid
PoW/PoS system soon.

• Increase Usability of FUNJO:


We are trying to enter in various business sectors and invite other platforms to join us
and Accept payment in Form of FUNJO. This will Increase Demand of FUNJO and Incre-
ment in Demand will results in FUNJO rate Increment. In near future we have aiming to
increase numbers of such platforms which will accept payment in form of FUNJO Coin.
8. Team
9. Conclusion
FUNJO is a first platform to empower eCommerce, advertisement, marketing industry and
users.This Platform encourages them to share their expectation from manufacturers and
services providers Through the smart contract system. It makes eCommerce and advertis-
ing efficient and reducing resource wastage to minimum. FUNJO provides genuine survey
input, reviews, and client inquiries.

FUNJO will provide a platform for the launch of decentralized block-chain applications
which wil improve access to eommerce.advertisement and marketing projects and data
through block- chain technology. There is no outside agency controlling the FUNJO system
so all the prices within the platform will be community driven. FUNJO COIN play the role of
an unbiased mediator, monitoring and transparently reporting back verif ied data to consum-
ers and service providers.
10. Disclaimer
The whitepaper prepared by the company is not composed in accordance with, and is not
subject to, laws or regulations of any jurisdiction which are designed to protect investors and
it is for informational purposes only. The company does not offer to buy or sell any secu-
rities or to invest in any financial instruments through its websites or applications. FUNJO
can be sold or purchased or transferred or requested to and from the other members in the
community dealing with the FUNJO as per their own terms and conditions at one’s own risk.
The company does not promote sale or purchase of the FUNJO in fiat or regular currencies
or any similar assets. The registration on the FUNJO website permits access to its services
as per the FUNJO Platform’s terms and conditions Registration is not intended to offer the
holder any rights, or claims to any of the assets of the company or the FUNJO or share in
any profits that the company or the platform may achieve. The white paper or content on
this website is subject to change at any time without notification. The white paper and web-
site describes the current plan and vision for the FUNJO platform and do not guarantee,
represent or warrant any of the statements in the white paper or website, because they
are based on our current expectations and Requirments. The above summery is not a com-
plete risks and other important disclosures involved in investing in the FUNJO and issubject
to the more complete disclosures containted of the terms and conditions section in FUNJO-
COIN Website. Please read it carefully.

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