One of the most interesting features that the cryptocurrencies brought to the market was the ability to make money transactions without having your name associated with them. Unfortunately, recent studies prove that if you use Bitcoin, for instance, you will be able to be tracked.
Today we are going to review a new cryptocurrency called Fruo which is focused on the anonymity of its users.
What Is Fruo?
Fruo is the name of a cryptocurrency with a focus on anonymity. You can use it to pay for goods or services online without having any chance of anybody knowing who you are. This is good for people who value their privacy and for people who are interested in activities that they do not want other people to know.
The company argues that lack of privacy is a big problem for the world right now and that the governments are trying to enforce lack of privacy more and more, so the company developed this token to help the people who want to escape from this issue.
By believing that privacy is security, Fruo wants to create a token that can be used by people all over the world when they are concerned that their identities might be at risk. This company believes that everybody should be able to have their own privacy protected because that is a basic human right.
How Does FruCoin Currency Payments Work?
Fruo is basically a decentralized cryptocurrency with a protocol that makes it untraceable. You will be able to use it to make anonymous and untraceable online payments to all over the world. It uses the Zerocash protocol to work and it has no public data about transfers. The services offered by Fruo also include a wallet and an exchange.
The wallet and the Fruo exchange can be used to store or trade all of your tokens privately by using the TOR network. Your IP is always protected and you will not have any type of restrictions when you need to withdraw or deposit funds in your own account or trade them.
The company has also promised to release a credit card that will make its users able to use their tokens to pay for goods in local stores without being tracked down by anybody, which can also be an excellent feature for daily usage.
Fruo uses a proof-of-work algorithm called CryptoNight which makes anonymity possible.
How To Invest In Fruo FRU?
If you are interested in this cryptocurrency, you can always buy FRU tokens. There is no Initial Coin Offering (ICO) for Fruo, but you can easily find it on some popular cryptocurrency exchanges. If you want to buy the FRU tokens, you can do it at YoBit.net, Cryptopia and Coinexchange.io.
As you will buy the FRU tokens from the market, they might not be seen like the best investment, but this token is not very well known, so it still has potential to grow a lot in price in the near future, which can make it a good option for you.
You can also mine FRU tokens. There is a max supply of 30,000,000 FRU tokens. The block time is 60 seconds and the block rewards vary.
The Fruo Verdict
Is this the best token for you if you want full anonymity? Probably not. Monero is still better and other tokens like Zcash are very popular, too. On the other hand, the existence of these cryptocurrencies does not mean that Fruo is necessarily a bad investment for you at all because it has many qualities.
Also, it may be able to give you a nice return on investment over time. Fruo is still a very unknown cryptocurrency, so it still has plenty of space for growing and having a better price in the future. This means that you will have many possibilities for getting your investment back.
Will you buy Fruo tokens? That is up to you, but we can tell you two things: there are better options, but this is not necessarily a bad one, so make your own judgements and hopefully you will have a good result in the end.