Fenomy

The Fenomy system has been undergoing extensive developments and updates over the past couple of weeks, with changes occurring both within the system itself and the launch of the third phase of blockchain testing. Additionally, there have been designed changes to the web and desktop app.<h3 id="system-updates">System Updates:</h3>- 3rd phase of Blockchain testing started November 1st. - Mobile app update is coming up and will be available via APK soon. - Internal exchange will allow for a two-way automatic exchange of FNM coin ↔ FENOMYtoken. - Addition of new pairs to the exchange.As one of the most important topics of the Live we go more in depth on the 3rd phase of the Fenomy Blockchain testing.The 3rd phase&#39;s purpose is to evaluate the efficacy of all system tasks. There are two sorts of tasks now: creating blocks and confirming blocks.The additional tasks are linked to the confirmation of transactions. These tasks can only be performed by members who fully meet the requirements. Types of transactions are also being introduced based on their importance. The most significant transactions need the creation and confirmation of blocks by users with high rankings. These blocks are more valuable and will earn more profit. The level of trust for system members is dynamically determined and relies on: - the stability of the member in the system - the percentage of confirmed blocks to the amount of created blocks - the speed at which you validate your blocks - reputation - balance Terms of trust: - Reputation &gt; 700 points - FNM balance &gt; 100 FNM - More than 10,000 FENOMY BEP20 coins are being held in linked wallets. If the system member does not match the requirements, the rewards for doing network tasks will be drastically reduced but will still be available until January 1, 2023.Furthermore, the participant&#39;s stability and network efficiency will effect reputation, which might increase or decrease. The criteria for participating in high-value transactions will evolve. If a system member wants to advance in our system, work on reputation and other indicator indexes must be constant. Even today, the higher the indexes, the greater the profits. Having numerous profiles becomes less beneficial than having one with a high index score. Using more than one profile becomes unproductive, since the system may refuse to allocate tasks to these sorts of profiles. Some partners are already earning 5, 10, and even more than 20 FNM each day for executing network tasks. It is critical that the number of system members increases, since it will enable us to deploy the component in its whole in less time.<h3 id="web-app-updates">Web app updates:</h3> - Helpdesk redesigned is nearing its final stages and being prepared for implementation. - New language packs are being prepared and translated to their respective languages. - The Blockchain block tracker is in early stages of a visual and usability redesign. - Mobile web app now has new possibilities and an optimized user experience.<h3 id="team-updates">Team updates:</h3> - 2 new developers have joined the Fenomy team. - We are actively looking for 2 more specialists to join the Fenomy team by the end of November.- Partner negotiations are going as planned.<h3 id="qa">Q&amp;A</h3>How can I use the FNM I got in the app? You can exchange the FNM for FENOMY tokens in the web app. The minimum sum you must have to exchange is 50FNM.What are the features of the groups in the app: friends, family, etc.? Those aren’t groups. It is just an indicator, who the people fromyour circles are to you – your family, friend, or colleague. It’s your choice where to put them. If you recruit more people, you will get bigger rewards. So, the bigger your circles get, your reputation grows, the more rewards you receive.If someone gets thesecret code to enter my Fenomy profile, he can link my account to his wallet and steal the FNM I have on this wallet. Do you have 2-factor authorization or something else to protect against the theft? If someone gets your secret code, the main thing for him is not to get your mobile phone. Because the phone has its chain of blocks, which is stored only on it. If there is a data leak, then without a chain for the last specified period—it is set by each user—no one will be able to perform any operations. Without the initial data from the device that stores the chains of blocks, operations are impossible.

FenomyFriday LIVE recap 18.11.2022

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