Fogchain token, abbreviated as FOG, is a digital token based on CPOC consensus with the function of anonymous transmission and encrypted transactions.
We are constructing a new cross-border transaction system in the FOG ecology. This distributed network will replace traditional centralized payment institutions and organizations by greatly reducing the costs incurred by intermediaries while avoiding overly complicated and lagging transaction processes.
FOG is extremely private as a payment channel. The network automatically hides all the details of transactions. Only the specific key holder can see the corresponding transaction information. We grant absolute control over the entire transaction to the users.
FOG adopts POC algorithm which perfectly avoids the two major challenges about power wasting and the AISC problem. POC consensus is upgraded from POW. It inherits the basic attributes of the POW mechanism and makes new innovations. POC reduces costs of trust (by lowering power consumption) and increases the scalability of consensus (by lowering this threshold) while its strength and breadth are enhanced
A Decentralized and Anonymous Network – Highly Secured and Totally Free
People need to be able to protect their behavior on the blockchain. Especially in some specific environments, like the Internet in its early years, its anonymity allows people to break through the physical world and provides people with a greater freedom of speech.
The modular design of the FOG is friendly to subsequent expansion on the underlying public chain which facilitates the establishment of a complete developer community and provides momentum for the development of ecological applications.
To ensure the openness and transparency of FOG token project, we are managing through the establishment of the top decision-making entity, the Decision Committee. The committee consists of business committee, technical committee, comprehensive affairs committee and community development committee. The committees will be composed of developers and functional officers. The members are elected for a term of two years. The first decision-making committee are composed of core team members, celebrities in the industry, legal experts and early investors while some of the members of the subsequent decision-making committees are elected by the community.
With the stimulation of the destruction mechanism, the total amount of FOG token that can be circulated will gradually be reduced. As the market becomes more likely to accept FOG token, it will be used more frequently. For example, with an increasing number of registered users, the number of remittances will increase as well. As a result, more capital and users will flow into the market. But the use of FOG token will also lead to the destruction of it while the price of FOG token will be promoted at the same time.
Through FOG mining machine, we combined the mining pool and the entire ecology. This action will lower the threshold of mining entrance and attract more users to take part in FOG ecosystem. With POC consensus, we lower the threshold for new miners and the costs of conducting mining. The number of miners in the FOG-ecology are expected to be increasing.
A better payment channel with commercial feasibility
The project was approved and its architecture design was completed. Preparations for community building began.
Started the development of the main chain which is based on Ethereum ERC20. Issued FOG tokens for early market promotion and community building.
The initial community construction is completed. One part of tokens are released while Fogchain token is listed on mainstream exchanges and CPOC consensus are realized.
Onlined the knowledge platform. Granted token access. Completed cross-border payment network.
Realized Novst and D2p implementation. Onlined the test enviornment. The construction of community completed and other facilities are put into use
Officially onlined the main chain and the wallet function while Fogchian tokens migrated on the chain.
The main-chain-based application was migrated to the chain and put into use. Opened the mining pool.
The ICO Crypto Team combines a passion for esports, industry experise & proven record in finance, development, marketing & licensing.
Devoted to the development of blockchain industry when it was still in the rising-sun period. He once served as the operation director of a well-known blockchain group in the industry and the technical leader of its overseas platform. In the past ten years, he has focused on the back-end research and development of financial programs. He has extensive blockchain underlying-development experience and deep insights into the research and development user security and privacy.
Responsible for writing front-end, back-end services and the design of smart contracts. Has experienced large server installation experience. He participated in the mining industry in the early stage of the industry and has participated in the establishment of several large-scale mines.
As a member of the startup team, participated in many mining projects and systematically analyzed and summarized most of blockchain projects on the market. Created an exclusive analysis model of blockchain projects. With several years of product design and brand community management experience, he has led the team and community members to achieve tens of millions of benefits.