Zhang Jian, former CTO of Huobi, founded the exchange FCoin, to be "transparent" + "community-oriented"
2018-05-31 10:08
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An exchange that wants to disclose assets and transaction data in real time.

In the entire digital currency industry chain, as a digital currency exchange at the top of the food chain, this track is quickly seized.There are currently more than 200 digital currency exchanges on the market.Combined with the data of 234 digital currency exchanges of Feixiaohao on May 10, the number of digital currency trading platforms is increasing at an average rate of 1.75 per day, and the monthly growth rate is about 22.4%.

Digital currency exchanges are basically divided into centralized exchanges and decentralized exchanges. The transaction speed of the centralized exchange is fast and the user experience is better, but there is low transparency,Possibility of misappropriating user funds, running, forging transaction data, etc.Recently contacted

Recently contactedExchangeFCoin, founded by Zhang Jian, the former CTO of Huobi,It is hoped that based on blockchain technology and token economy,Create a tokenized community organization, disclose assets and transaction data in real time, and adopt the "transaction is mining model".

  1. Transparent exchanges, real-time disclosure of assets and transaction data,Users can query and verify without relying on third parties.


  2. "Transaction is mining" mode, 51% of FT (FCoin Token) will be rewarded to users by returning the handling fee. That is to say, after the user makes a transaction, FCoin will return the corresponding amount of FT to the user according to the amount of the transaction fee, and 51% of the FT will only be sent out. In terms of transaction fees, other exchanges also have preferential activities. For example, Binance, if the user holds a sufficient amount of BNB, then Binance will discount the user's transaction fee, and convert the equivalent BNB amount according to the current market value, and use BNB to complete the payment of the fee.

  3. 80% of the exchange revenue will be distributed to FT holders immediately, and FT holders also have the right to participate in major community decisions.In order to attract users, highly competitive exchanges will have dividend activities. For example, OKEX allocates 50% of the transaction fee of the week as a super incentive fund to OKB users in the form of BTC every Friday according to the proportion of the user's OKB holdings. Zhang Jian said that FCoin is a tokenized community organization, so it has decided to distribute 80% of the exchange's revenue instead of 80% of the profits to FT holders. Moreover, Zhang Jian believes that for exchanges that distribute dividends to users, only by disclosing their own assets can the behavior of dividends be more valuable, and it is more in line with the positioning of a "tokenized community organization". For FT holders, they can participate in community activities such as community business decisions and team elections.

At present, compared with other centralized exchanges, the difference of FCoin is mainly reflected in the disclosure of assets and transaction data, but the specific content and transparency of the disclosure still need continuous attention.

In addition, regarding the currency listing mechanism, FCoin is divided into two types:

  1. For mainstream currencies, a recommended currency listing mechanism is adopted, and community users make recommendations, and the currencies that meet the conditions are directly listed on the main board.

  2. For non-mainstream currencies, an application for listing mechanism is adopted, and after being approved by FCoin, they will be listed on the innovation board.

In terms of financing, FCoin has previously announced that it has received joint investment from institutions and individuals such as Danhua Capital, Node Capital, Singer Capital, Timestamp Capital, Eight-Dimensional Capital, and Zipper Foundation.

In terms of team members, Zhang Jian, who initiated and founded FCoin, is also the former CTO of Huobi, a partner of Singer Capital, CEO of Bochen, and the technical initiator of the public chain project Zipper community. Asked about other members of FCoin, Zhang Jian did not disclose.

FCoin launched a public beta version in May this year, and will officially open for trading in June.

I am Qi Ming, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat qingmoruoshui for breaking news and communicating. Please note your name, company, and position.

I am Qi Ming, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat qingmoruoshui for breaking news and communicating. Please note your name, company, and position.

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