Felicium is an ERC-20 token and integral part of the Platform. Through blockchain technology, the storage of tamper-proof data is achieved. In addition, using Smart Contract-technology, specified task can be carried out on the blockchain.
The goal of the Felicium Platform is to make these two aspects more accessible by way of Smart Agreements. With the help of the Felicium platform, Smart Agreements can effortlessly be created. Smart Agreements remove the technological barriers and simplify the use of Smart Contract-technology.
Felicium vision is envisioned as the basis of a platform where blockchain and in particular the use of Smart Contracts-technology is accessible to the masses with a zero-friction experience. Felicium is envisioned to assist and to take care of the steps involved with drawing up an agreement.
Real life agreements, poured into Smart Agreements by Felicium are usable on a large corporate scale as well as on a smaller personal scale.
Having a vision is the first step. Molding it into a feasible solution is the next step. We are convinced that the outlined vision can be realized with today’s available technologies while tearing down any technological barriers for its users.
The most elementary part of The Felicium Platform is the blockchain. While using blockchain is not a goal in itself, its main feature is persistent storage of data. With the help of Smart Contract-technology, logic can be added and executed on blockchain. Fundamentally, a Smart Agreement can hold cryptocurrency; be released when conditions are met. Being able to define logic and act on stored data opens the opportunity to “blockchainify” an everyday agreement.
Another part of The Felicium Platform will be a web based portal where Smart Agreements can be constructed. Initially, The Felicium Platform will provide a set of conditions which can be used to draw up a Smart Agreement. New conditions will continuously be added as the platform matures. Catering to all needs and being able to accurately define a real life agreement.
From a user’s perspective, the core principles when constructing an agreement are approachable and understandable. This aligns with main goal: making blockchain technology more accessible.
In addition, public API will be exposed which will function as the actual gateway to the blockchain. The API will enable its consumer to automated set up and process agreements. An intermediary can incorporate the API into his product. An extensive set of SDK’s in a complete selection of languages/platforms is provided. Bringing the blockchain to the intermediary’s users will be as straightforward as possible.
Describing solution in a technological, albeit abstract, form should make the vision more tangible. To make it even more concrete, using real world use cases are essential into conveying the impact of Felicium.
As a creator of a mobile game, it’s amazing to see people actually enjoy your game but making a profit can be daunting. Game developers seek out ways to monetize their games in better fashion. The latest trend in monetization is freemium with in-app purchases. While it’s debatable if this covers the total costs, Felicium can offer another way.
The players start playing the game and at the end of the game; the Smart Contract will distribute the Felicium tokens as agreed by all parties and facilitator.
Easy to integrate an exciting new element in an existing product
No administrative fuss or responsibility to handle payout
Exciting new monetization strategy
As a casino owner, there is always a shadow of doubt when it comes to trust. This goes double for the web based variant. For instance, will my earnings really be paid out? Felicium can prove its value in this use case as well. For sake of clarity, let’s take the game blackjack.
For this use case the casino owner would define in a Smart Agreement that whoever has the better hand wins double their bet. When this agreement has been set up, it can automatically be used as template for all following games.
Payout through blockchain will lower potential distrust, removing a barrier for new players to join.
Direct payout without risk
No administrative fuss or responsibility to handle payout
The facilitator no longer has to store the funds of its players.
More transparency within an obscure industry
As an investor it can be challenging to invest money in projects without truly knowing if invested party will hold their word. Take for example a crowdfunded charity project. How can we be sure that founders deliver their promise? Fortunately, Felicium can be of assistance to create more transparency and guarantee expectations.
The instigator draws up a Smart Agreement through the Felicium Platform. The Smart Agreements defines the milestones of the project and a percentage of the funding that should be unlocked should the milestone be achieved.
Funding of a project can be locked and, in this use-case, be unlocked if a majority agrees that the terms have been met.
Gives investors influence even after having transferred funding
Motivates instigators to deliver a solid result and keep word as the funding is within range.
Whenever a Smart Agreement is being drawn up, creator will specify how the Smart Agreement should execute the underlying real life agreement. During this process the Felicium Platform will give insight in the fee that is associated with the Smart Agreement.
Ambition regarding the height of the fee will be to offer the services of Felicium for a compelling rate. The desired outcome will be to, at the very least, run the operation break-even and focus on spreading the use of Felicium initially.
Dynamic Proof of Stake
Since Felicium token is the fuel of the Felicium Platform, there will also be need for an instrument to increase or decrease Autonomous Smart Contract containing reserved facilitator fee Conditions met Felicium Platform receives a part of the facilitator fee to cover expenses Facilitator receives his fee liquidity based on the ecosystem’s offer and demand. For this situation we use the concept of dynamic proof of stake.
The potential of Felicium is extraordinary, the use cases demonstrate this. In fact the confidence in this project is of such magnitude that after having built the Felicium Platform the focus will be broadened on starting spin-off products.
These projects will bolster Felicium’s ecosystem further and will function as the ultimate showcases to prove Felicium’s value.
Desktop and Mobile Applications
Accessibility with a zero-friction experience is how the Felicium Platform is envisioned. The best way to achieve this is to bring the Felicium experience on the devices that are by far the most popular to use: the mobile phone. A mobile app will be written for Android and iOS and with a wide variety of features. In addition for users who prefer to work with PC, desktop app will be provided available on the mostly used operating systems.
Software Development Kit
For seamless integration with the Felicium platform software development kits (SDKs) will be offered. An SDK is a collection of tools that make it possible to incorporate the features of Felicium in existing applications in a straightforward fashion. The most commonly used languages will be supported. At a later date the set of supported languages will be made public.
Felicium (FEL) is an utility token based on ERC-20 standard. The token is an integral part of the Felicium Platform’s ecosystem. Renowned OpenZeppelin framework has been used as a guideline to build Felicium token. OpenZeppelin is an industry proven technical standard that ensures more uniformity and by applying its best practices reduces common pitfalls and mitigates risks. In short, it makes the Felicium token safe and up in arms for usage.
This article is writing on 22 June 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: firstname.lastname@example.org Or Whatsapp Us- +13098896258
Not all the websites Whi listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .