Ethereum (ETH) Price Tops $1000 For First Time After ETH Blockchain

Futures (FUTR) Launched

Futereum (FUTR) are smart contract-enabled utility tokens that simulate the returns of futures
contracts for digital currency Ethereum.

New York, NY, January 06, 2018 --(PR.com)-- The Futereum Foundation, a Panama-based organisation
established to use Ethereum smart contracts for the role of creating non-securitised derivative utility
tokens, Thursday announced the launch of its first product FUTR. FUTR is a derivative utility token that
uses a Fibonacci algorithm written into the source code of the token's smart contract to simulate returns
similar to those enabled in futures and forward-swaps contracts trading of Ether (ETH), the world's third
largest Crypto.

The smart contract is a revolution in Blockchain-based financial engineering. The product was developed
by the team in part as a response to securitised futures contracts for Bitcoin which were introduced in
December 2017 by CME and CBOE. While the tokens are not futures contracts and have no qualities
associated with securities, the algorithm used in the Futereum FUTR smart contract enables early-stage
and high-frequency miners of the tokens to take advantage of fluctuations in the Ethereum price in a
similar way.

To mine FUTR, a crypto trader goes to the Futereum Foundation website and copies the smart contract
address. The trader then sends Ether to the address and the smart contract automatically issues the trader a
FUTR. The Ether that is used to mine the FUTR is then held in the smart contract securely until all 10
difficulty levels of the mining algorithm have been completed. If all 10 levels are complete before the end
of 12 months then at the end of the 13th month all outstanding FUTR are exchangeable with all the ETH
in the smart contract on a percentage - for-percentage held basis. The period is extended until 37 months
if the levels are not all fully-mined within 12 months from contract deployment.

What gives the FUTR a unique payment utility is that as the levels of the smart contract advance, less
FUTR per ETH mined are distributed to the miners. This pushes up the cost of mining FUTR and
compounds the effect of any price rises in Ethereum. As if to highlight this, when the developers wrote
the White Paper, FUTR mining costs were $6.58 per FUTR whereas at the point of the product launch
they had already risen to nearly $12 in value.

The launch of FUTR by the Futereum Foundation pushed the Ethereum price over the $1000-point for the
first time in history. In addition to functioning like futures contracts for Ethereum, FUTR are primarily
designed to whitelist miners in future Futereum product releases and to be used as alternate payment
utilities whereby “merchants can charge progressively less for their product(s)/service(s) while earning
progressively more for those products at the same time,” according to the foundation's White Paper.

For more, visit the Futereum Foundation website at http://futereum.org

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Contact Information:
Futereum Foundation
James Hurst
+1-212-554-8882
Contact via Email
futereum.org

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/740650

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