Today, Binance CEO Changpeng Zhao posted on Weibo to criticize mining exchanges, pointing out that "mining exchanges will not continue to be popular, because only fools will always become believers in mining exchanges." Zhao Changpeng also said that mining exchanges use false dividends to deceive consumers, and the dividends given to investors are worthless platform currency, which is completely fooling investors with word games.
As for FCoin, the mining exchange with the largest trading volume, its founder Zhang Jian announced in Moments: "I personally admire Changpeng Zhao and Binance. FCoin will launch BNB trading today."
Then FCoin issued an announcement: "We will open the BNB/USDT trading market in the FCoin Innovation Zone at 17:00 on June 21, 2018 (GMT+8)."
It is understood that FCoin is an emerging mining exchange launched on May 24. In just a few days, the trading volume of FCoin surpassed the sum of the total trading volume of the six old brands such as OKEx, Binance, Huobi, etc., and ZB.
FCoin proposes a new concept, the exchange mining mechanism:
The FCoin platform rewards more than half (51%) of FT to users in the form of transaction fee returns.
The income of the FCoin trading platform will be distributed to FT holders according to a fixed ratio. The allocation ratio is 80% to FT holders, and 20% to the development and operation of the platform.
illustrateillustrateIndicates that "the FCoin income is distributed according to the proportion. For example, the fee income includes BTC, ETH, LTC, FT, etc., and the distribution is also BTC, ETH, LTC, FT, etc.." It will not appear only return to the platform currency situation.
The BNB coin launched by FCoin this time is a blockchain product issued by Binance. Its total issuance is constant at 200 million, and 100 million will be publicly issued, and will never be issued. Binance Coin is a decentralized blockchain digital asset issued based on Ethereum, based on the ERC 20 technical standard of the Ethereum blockchain.
FCoin is the first time for an exchange to launch a cryptocurrency other than its own platform. Industry insiders pointed out that if FCoin continues to increase the price of BNB currency by a large margin, and then sells it suddenly, it will cause the price of BNB currency to drop sharply and damage the interests of BNB investors.
Binance has not yet responded to this.
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
