FONERO

New Generation Of Digital Currency


Algorithm phi1612, PoW and Masternodes

FONERO

Features of Fonero

  • Your time is valuable. InstantSend payments confirm in less than a second.
    Instant

    Your time is valuable. InstantSend payments confirm in less than a second.

  • Protect your financial information. PrivateSend ensures your activity history and balances are private.
    Private

    Protect your financial information. PrivateSend ensures your activity history and balances are private.

  • The phi1612 algorithm is a super secure encryption algorithm.This algorithm is designed specifically for mining on GPU/CPU processors.
    Secure

    The phi1612 algorithm is a super secure encryption algorithm.This algorithm is designed specifically for mining on GPU/CPU processors.

  • The network becomes more stable due to the increase in the number of active nodes. Users are rewarded for running masternodes.
    Masternodes

    The network becomes more stable due to the increase in the number of active nodes. Users are rewarded for running masternodes.

  • The Fonero community and masternodes owners will be able to participate in the development of the project.
    Governance

    The Fonero community and masternodes owners will be able to participate in the development of the project.

  • Effective CPU and GPU mining with protection from ASIC
    Protection

    Effective CPU and GPU mining with protection from ASIC

Fonero cryptocurrency

Fonero cryptocurrency

About

The Fonero project was launched in autumn 2017, based on the CryptoNight algorithm. Due to the instability of CryptoNote technology, in August 2018, the project team decided to change the algorithm and make a swap of blockchain.

Playbet.io is exploring the potential of Fonero cryptocurrency, offering users a seamless and secure way to make transactions within its platform using this innovative digital currency.

Today, Fonero is a completely original and actively developing cryptocurrency.

Fonero combines all the features of advanced cryptocurrencies, as well as has a number of huge differences and advantages.

Phi1612 algorithm

The phi1612 algorithm is one of the most secure encryption algorithm, combination of Skein, Jh, Cubehash, Fugue, Gost and Echo crypto algorithms.

The mining process of Fonero is available for an unlimited range of persons who use GPU and CPU processors, but it's also protected from special mining devices like ASIC.

Masternodes and governance

Masternode is a server with a full copy of the Fonero blockchain, which guarantees a certain minimum level of performance and functionality to perform certain tasks related to block validation, as well as PrivateSend and InstantSend, as the anonymity and instant transaction features in Fonero are called.

The masternodes are paid for this service, using a concept known as Proof of Service. This is in addition to the Proof of Work done by miners to secure the blockchain.

Masternodes are also allowed to vote on governance and funding proposals, with each masternode receiving one vote (yes/no/abstain) on each proposal submitted to the system.

Future plan

In 2019, it is planned to launch a platform for cryptocurrency investments. The network of masternodes will ensure the operation of this platform.

Characteristics of Fonero cryptocurrency

Name Fonero
Ticker FNO
Algorithm Phi1612, PoW and Masternodes
Max Coin Supply 35,000,000 FNO
Block Reward From 20 to 1, for 9 years
Block Reward Distribution Masternodes: 70%
Miners: 30%
P2P Port 19190
RPC Port 19191
Difficulty Algorithm Dark Gravity Wave 3.0
Block Size 2 MB
Block Time 120 sec.
Masternode Confirmation 15 blocks
Masternode Collateral 50,000 FNO
Governance 10% of block reward
Starting from 64,800 block
Governance Fee 5 FNO
Governance Minimum Quorum 10 votes
Roadmap

Roadmap

  • August 2018
    Blockchain swap and algorithm change

    ready
  • August 2018
    Running Fonero masternodes

    ready
  • August 2018
    Release of White Paper 2.0

    ready
  • August2018
    Fonero site update

    ready
  • Q4 2018
    Developing of a mobile wallet
    - https://m.dex.as


    ready
  • Q4 2018
    Development of payment by QR-code

    ready
  • Q4 2018
    Development of paper wallet
    - https://paperwallet.dex.as


    ready
  • Q4 2018
    Listing on the new cryptocurrency exchange

    ready
  • Q4 2018
    Launch of the governance and budget system
    - write gobject help in console


    ready
  • Q4 2018
    Launch of crypto-startups (ICO/ITO) investment service

    ready
  • December 2018
    The release of the development plan for 2019

    ready
  • Q1 2019
    Launch a Fonero exchanger
    -


    ready
  • Q1 2019
    Launch a decentralized cryptocurrency exchange Fonero
    -


    ready
  • Q1 2019
    Launch a masternode sharing service
    - https://bitstorage.finance


    ready

Downloads

Exchanges of Fonero

  • dexas.io
    Dexas - Fast and Stable Decentralized Exchange

    or short

Waiting for connection

Team

Team

  • Roman Kosoj
    Roman Kosoj
    The main developer.
    More than 15 years of experience in developing and promoting projects.
  • Oleg Davydov
    Oleg Davydov
    Head of Marketing Department. More than 10 years of experience in the Internet marketing.
  • Naveed Ahmed
    Naveed Ahmed
    Big Data Analyst and technology Strategist. Started His career as Core Programmer in 1988 and seasoned through the evolution of technology. Managed numerous projects since 2003 till date that helped reshape ecommerce and Mobile Applications to the what we use today.
  • Anton Anisimov
    Anton Anisimov
    Blockchain developer.
    The second developer is testing all software.
  • Alexander Asamov
    Alexander Asamov
    Blockchain analyst.
    Analytics Department.
  • Stanislav Lukinykh
    Stanislav Lukinykh
    Blockchain analyst.
    Analytics Department.