FirstCoin Vision – Putting the ‘Currency’ into Crypto.

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Growing Pains

The company acknowledges that the payouts have been taking longer than anticipated following the added security measures that have been put in place. It is working hard to clear the backlog and is exceptionally grateful for the patience being shown by the members.

Issues with SMS verification are also being addressed and processed.

FirstCoin Vision – Putting the ‘Currency’ into Crypto.

We then were given deeper insight into the company’s vision for 2018 and beyond.

We learned that outcome of FirstCoin is to become a widely accepted, strong and stable cryptocurrency. Two things are needed for this.

A strong and stable user base who buy, hold and believe in the coin. And a large number of end points (merchants) that allow the coin to be traded for goods and services.

Membership Target 5m – Mining Shares To Continue

It is widely accepted that the company has one of the most generous and well-designed compensation plans in the industry. One which allows multiple ways for members to be rewarded with FirstCoin. Using this compensation plan, FirstCoin plans to grow the user base to over 5m or until the available pre-mined coins are reduced a fixed amount. This amount will be announced in the upcoming white paper, but it is expected to take a minimum of 2 years to reach this point. For this reason, the mining will continue until that time and all members are encouraged to take full advantage of the compensation plan and help create the global membership that will become the FirstCoin economy.

FirstCoin Accepted Here!

During this period, the company also plans to create tens of thousands of merchants. At present there are already a number of members who own businesses that accept FirstCoin. With goods and services ranging from Travel to Luxury Cars, from clothes stores to seminars. A full merchant program, as well as a full list of places who accept FirstCoin, is being created.

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