White paper

WHITE PAPER

The Florijncoin White paper is a dynamic document and can be adapted to the latest state of affairs in the event of changes.

  1. Introduction

Florijncoin (ticker FLRN) is a decentralized, privacy-offering cryptocurrency for the European market with a total circulation of 620 million FLRN. Florijncoin aims to give the user power back over his or her assets and no longer have to depend on slow and expensive intermediaries or agencies.

Florijncoin works via a digital and decentralized network and therefore has no single point of failure. The Florijncoin blockchain uses the X11 algorithm that was once designed by Dash’s lead developer, Evan Duffield. We can say that Florijncoin is a “fork” of Dash, Florijncoin’s development team has further developed this fork and made it its own coin. Various functions such as; safety, speed and reliability have been preserved from the original Dash blockchain.

  1. Target group

Florijncoin is a European currency and will therefore only focus on entrepreneurs and consumers within Europe. The Florijncoin platform is very user-friendly, allowing everyone from young to old to use this new and safe method of payment, saving and investing. The FLRN is introduced for 1 euro but nobody can claim any price rights, because only the market will decide when listed at the exchanges what the market value will be.  On the exchanges Florijncoin | FLRN will get its real value to reside by all users, buyers and sellers.

  1. Laws and regulations

Regarding laws and regulations, Florijncoin adheres to the European guidelines for cryptocurrency. Even if changes are made to these guidelines, Florijncoin will adjust accordingly.

  1. Operation of the Florijncoin network

Florijncoin uses the “Proof of Work” system in combination with master nodes. This allows the Florijncoin network to reach agreement on the status of all transactions recorded on the blockchain and to prevent certain attacks on the network. The additional introduction of master nodes also makes a 51% attack virtually impossible, making the Florijncoin network safe and reliable even with a lower hashrate.

  1. FlorijnPay

FlorijnPay is a Florijncoin project to bring entrepreneurs and customers together through payments via the blockchain. Florijncoin is developing a POS system that the entrepreneur can implement in his or her case and in this way can easily serve customers with payments in Florijncoin and other cryptocurrency. This method of payment is practically free, super-fast, secure and without the intervention of a bank or other agency. Florijncoin has found the best partner they can find called; ELLIPAL for save an secure mobile wallets, cold wallet, letterbox and POS (point of sale).

  1. Vision

Together with the European community, we hope to achieve better financial services for all entrepreneurs and consumers within Europe. One that is fair, transparent and cheaper than traditional financial services and where the power over the assets lies entirely with the end user. We are aware that this may be a long and arduous process, but we are convinced that the transition to cryptocurrency will definitely take place and that Florijncoin will play an important role in this for the European market. Cryptocurrency is indispensable in today’s society and will eventually take over the role of traditional currency. The question is not whether cryptocurrency will take over this role, but when. If we can sell enough volume we can bring more value to the crypto space with FLRN. Our team is doing everything try can to reach the best exchanges!

  1. Cryptocurrency exchanges

Until cryptocurrency becomes the new standard, it is important to be able to continue to do business with instances that are not yet ready. For this it must be possible to exchange Florijncoin | FLRN for another coin or even fiat. This is facilitated by third party cryptocurrency exchanges. The Florijncoin team is trying to get FLRN on the best exchanges to ensures that this opportunity will come and stay, we can at this moment not tell when this will be but we are looking for the right partners to make it possible. NOTE: Buying Florijncoin | FLRN before its listed at the third party exchanges is 100% your own risk, you can invest do to help us growing our Blockchain and team and make it possible that we can find the right partners. Mining: You can mine Florijncoin | FLRN with a X11 miner or stake them with a masternode with 10.000 FLRN. But remember there is at this moment not a real exchangeable value, until Florijncoin | FLRN is listed on the third party exchanges, to buy, sell or trade them there.  NOTE: Buying new cryptocurrency’s like Florijncoin | FLRN that is not yet on a third party exchanges is a high buyers risk.  Cryptocurrency can rise in price or decrease in price when listed on an exchange!

NOTE: More risks

Cryptocurrency Investing can have a place in your portfolio, but only after you have done your proper homework and evaluated the benefits and all the risks that you want to take by buying crypto. Here are some of the pros and cons of adding cryptocurrency to your investment portfolio. Adding cryptocurrency to an investment portfolio aids diversification in several ways. In the past, the value of Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies tended to rise when stocks were falling. If that trend continues, cryptocurrency could be a hedge in the next bear market. The sheer number of cryptocurrencies also provides diversification, another important consideration for investors. Instead of investing a large chunk of money in a single cryptocurrency, investors can spread the risk around by taking small positions in a wide variety of virtual forms of payment. Cryptocurrency investments are not like stocks, bonds, and mutual funds, and the security situation is one potential disadvantage. New investors are often surprised to learn that they could see their holdings disappear if hackers gain access to their accounts, and unlike other investments, there is typically no way to get the money back. Always be safe and use a cold wallet like the Ellipal cold wallet see our webshop  https://www.florijncoin.com/webshop 

The lack of security is a major concern for cryptocurrency investors, and there are only so many ways to hedge those risks. Some cryptocurrency investors choose to hold their coins in so-called cold storage, isolating their investments from the internet and the associated risks. But if those investors lose the access keys, their virtual coins are probably gone forever. It is important for investors to be aware of, and be prepared for, the unique security risks of the cryptocurrency market.

In addition to the risk of forming a bubble, the Dutch AFM and other European regulators, also points out other risks when investing in virtual currencies:

Virtual currency currently falls outside the supervision of the Dutch AFM and DNB and other European regulators. The rates of virtual currencies can fluctuate dozens or even hundreds of percent per day. In addition, there is a real risk that the value of a virtual currency may permanently fall to zero, and then you have lost your money. Virtual currencies are vulnerable to cyber crime. It is possible that others get access to your wallet through a hack, which means you can lose your virtual currency. If you lose the password from your digital wallet, it is no longer accessible in any way. This means that you have lost your investment forever. Many virtual currencies have little trade. This makes them vulnerable to price manipulation, for example by artificially inflating the price. The large increase in popularity can attract providers with fraudulent intentions. For example, you can become a victim of a pyramid scheme with virtual currency. This allows you to lose your invested money

– The Dutch AFM advises consumers who want to invest in virtual currencies in order to immerse yourself well in the product.
– Be aware of the risks and costs, spread your investments and never invest more money than you can miss.
– The Dutch AFM is committed to fair and transparent financial markets.
– As an independent supervisory supervisor, we contribute to sustainable financial well-being in the Netherlands.
– All content set out within this website, its white paper and other related documents is subject to change.
– More information about investing can be found on the Florijncoin’s website and at the AFM’s consumer website
see our Florijncoin | FLRN disclaimer: https://www.florijncoin.com/disclaimer/   and the AFM warning   https://www.afm.nl/nl-nl/nieuws/2017/juni/virtuele-valuta

  1. Security

At Florijncoin, the power of the assets lies entirely with the end user. This also means that the responsibility for this lies with the end user. Because online wallets and exchanges are not the best way to store Florijncoin in the context of security, Florijncoin offers various options to safeguard its assets: saving Florijncoin on the “paper wallet” or storing it on an “Elipall cold wallet ”. The “Elipall cold wallet” offers the most security because this cold wallet can be repaired in the event of loss, theft or defect so that you can regain access to your assets.

  1. Disclaimer

Florijncoin which are stored in your own Florijncoin wallet are solely and entirely under your own responsibility, you manage your own “wallet” and “private keys”, take care of it. The Florijncoin team will never be liable and cannot help you to repair your wallet if you delete it, damage it or lose it. Always ensure safe storage. Our advice in this is an Ellipal cold wallet see IOS and ANDROID App in the Apple or Google Play store, buy also a titanium letter box for the storage of your private keys. #notyourkeysnotyourcrypto..

  1. Tax and Competent authorities

    There is a real risk in the cryptocurrency market, including the dangers posed by future taxation and additional regulation. The tax agency’s have already taken notice, and the tax agency’s are going after large holders of Bitcoin and other popular cryptocurrencies. Investors who think they can fly under the radar and enjoy anonymity in their cryptocurrency holdings could be in for a rude awakening. If you plan to play in this arena, you should be prepared to pay up in the form of taxes. The risk of additional regulation is another potential headwind in the cryptocurrency market and one that all investors should be prepared for. A number of countries have already introduced significant trading restrictions and other regulations, and those existing rules could be just the tip of the iceberg. If additional regulation comes to pass, the attractiveness of cryptocurrency investments could diminish greatly. There is more to investing than just stocks and bonds, and adding other asset classes to your portfolio could have some significant advantages. Even so, cryptocurrency investments are not for the faint of heart, and newcomers may want to tread carefully before jumping in and do research.

We are of course always obliged to hand over your data to the competent authorities in the event of fraud and / or in the event of an investigation by the police, judicial authorities or tax authorities, etc. We will also be obliged to always report all illegal activities, such as offering ” dirty money”, to the relevant authorities. Security and better financial services is what we stand for. Florijncoin | FLRN had a payment provider DailXS who does our KYC & AML checkup, you are only allowed to buy maximum 10.000 FLRN a month via our Payment Provider. And when we get listed at third party exchanges then you can buy sell and trade your FLRN there.