Fomoex is an interesting new Filecoin mining platform offering the ability to earn passively through mining rewards or passively and actively via the attached FOMO Line referral plan. There are a few interesting things bundled in with this, specifically the Fomoex Filecoin Mining aspect as well as certain parts of the comp plan, so let’s get on with this Fomoex review.
What Is Filecoin
Filecoin aka (FIL) is a well known open-source, cryptocurrency as well as digital payment system designed to be a blockchain-based digital storage data retrieval service. It’s designed by Protocol Labs allowing people to rent unused hard drive space via the blockchain.
It’s an open protocol that’s backed by a blockchain that records transactions created by the network’s participants. All transactions are made utilizing FIL, which is the blockchain’s currency. The Filecoin blockchain uses both proof-of-stake and proof-of-work.
Filecoins goal is to store the data in a decentralized manner, which bypasses issues that often occur in centralized storage situations. Filecoin additionally reward the network nodes that store and mine data on their network. While it’s not as well known as some other mainstream currencies, Filecoin is #27 of listed coins (at the time of writing this) on coin market cap, and is growing in popularity and usage.
Filecoin’s ICO raised $257 million in 2017, and today it’s readily available on top exchanges such as Binance, Coinbase, as well as a number of others.
Advantages Of Using Filecoin
Cost– Due to it creating a bigger free market for data storage, it should bring the prices down.
Scale – By integrating millions and millions of PC’s from around the globe together, it will make a huge storage network.
Economy – Filecoin uses existing resources, instead of having to make new devices.
Safety– With a decentralized network there is no singular point of attack, which makes it so much more difficult to compromise. Keep in mind Dropbox and iCloud have been hacked.
Think of Filecoin as a tech version of Airbnb. With Airbnb, there were properties with rooms that weren’t being used; so they created a marketplace for them. There is so much digital storage globally that’s not being used. Filecoin is changing that.
The Fomo ex Proposal
The reason Filecoin is one of the most profitable mining coins is because it combines of POS (Proof of Stake) and POW (Proof of Work) with the profits from mining and increases the Filecoin value
Filecoin is legal in all jurisdictions
It utilizes the InterPlanetary File System (IPFS) which means decentralized data storage
Bottom line is that Filecoin makes MONEY
Who Is Behind Fomoex?
Stephen Meade – Chairman
• Stephen is an well respected American Business Executive
• He created and has run 3 Public OTC companies
•Stephen took his 1st business public in 1999, which was a precursor to the massive success, PayPal.
• He has been a expert industry speaker, keynote speaker as well as global panel moderator, all around the world.
Stephen Meade Fomoex Chairman
This is a Chicago based software company that specializes in redeployment tech as well as asset management. It’s most known for developing, implementing, and powering the software for the Emergency Asset Management System platform.
This company was the the 1st web based master merchant for eCommerce back in 1996. Stephen aided in developing transactional processing systems for web based stores. It was sold in 1999 and at the time provided up to seven different payment options for online merchants.
Cenoplex is an audio messaging business that aids carriers in Lifecycle Management efforts.
They are the 1st business globally to insert a 4 second audio message into the call sequencing gap of an outgoing cell phone call, without causing disruption to the call pathway.