Recently, FCoin has become a hot topic, and its "transaction is mining" + "coin holding dividend model" has become popular. Today, Huobi Group officially launched the upgrade plan for Huobi Token, which is to upgrade from "Huobi Global General Points" to "Huobi Global Ecological Token". Holding currency dividends" mode.

Previously, many exchanges were scrambling to learn from this model. For example, last night, Binance announced that it would pilot the "Digital Asset Exchange Open Alliance Program" in some areas. In the first phase, 1,000 exchanges will adopt the operation mode of platform currency. The model of mining + holding currency dividends. Previously, on June 19, OKEx launched the "Digital Asset Exchange Opening and Win-Win Plan", which caused its platform currency OKB to rise by as much as 35% within a few hours.

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"Platform currency" refers to the platform digital assets officially issued by the digital asset trading platform. Simply put, it is the own currency issued by each exchange.

Generally, platform coins can be traded on their own platforms: for example, the platform coin OTB issued by OTCBTC, the platform coin BNB issued by Binance, and the platform coin HT issued by Huobi.

At present, platform currency mainly has two properties: points and stocks.Zhang Jian, CEO of FCoin, once said that FT is similar to stocks, and those who hold FT enjoy dividends, income, voting rights, etc.

First of all, for users, it mainly has the following benefits:

1. There is a discount on transaction fees

Users who hold platform tokens can get certain discounts on handling fees when trading.

For example, as reported by Odaily beforeFCoin adopts the "transaction is mining" model,51% of FT will be rewarded to users by returning service fees. That is to say, after the user trades, FCoin will return the corresponding amount of FT to the user according to the amount of the transaction fee, until 51% of the FT is sent out.

Another example is Binance’sThe mining part of the "Digital Asset Exchange Open Alliance Program", that is, the mining part of each exchange is rewarded to trading users through the "transaction is mining" model, which is distributed daily。

2. You can pay dividends

That is, holding platform currency (a platform currency with a stock nature) can obtain dividends for participating in the platform, but each platform has different specific measures for dividends.

For example, the exchange FCoin, yesterday, June 21, distributed its incomeTemporary increase, from the previous "distribute 80% of your income to FT holders" to "distribute 100% of your income to FT holders".

For example, Binance launched"Digital Asset Exchange Open Affiliate Program", will support each exchange operator to issue platform currency, 51% of each exchange platform currency is "mining part", 49% is "issuing part" (of which 25% is controlled by the operation team, 24% will be allocated to BNB holders). The transaction fee part of the trading platform, that is, 100% of the income will be distributed to the holders of the platform currency of this exchange as an incentive fund. BNB holders can get 24% of the platform currency of each open exchange and the corresponding incentive return, which will be implemented in accordance with the issuance unfreezing and incentive fund distribution rules of each exchange.

For example, OKEx takes out 50% of the platform’s transaction fee every Friday as a super incentive and distributes it to users who hold OKB.

3. The platform currency itself adds value

If the platform currency increases in value, users who bought it at a lower price before can earn a profit by selling it at this time.

4. The right to participate in decision-making

For example, FCoin, which positions itself as a "community organization", stipulates that FT holders can participate in community activities such as business decisions and team elections in the community.

In addition, users who hold platform tokens can also vote to determine some activities of the corresponding exchange, such as voting to determine which token can be listed on the exchange.

5. Get Candy

For example, if you hold the token HT of Huobi Exchange, Huobi will airdrop other digital currencies on its platform to you from time to time.

6. Auxiliary listing

For project parties who want to list coins on exchanges, they need to hold a certain amount of platform coins.

For example, in OKEx’s “Vote for Listing”, the winning project needs to pay 200,000-300,000 OKB as a risk deposit.

For the exchange itself, issuing its own platform currency has multiple benefits, such as increasing revenue and attracting users.

Of course, the value of the platform currency has a lot to do with the development of the exchange itself. The greater the transaction volume of the exchange, the more trading pairs, the more active users, the higher the value of the platform currency.

Regarding the acquisition of platform currency, there are mainly the following methods:

1. Official Operations:

   In the initial stage and during festivals, exchanges will choose the form of airdrops to attract users. For example, new users will get platform tokens after registration, and if they invite friends and the friends register successfully, they can also get platform tokens. Another example is that OKEx launched an activity to recharge EOS to OKEx during the launch of the EOS mainnet, and share 30,000 OKB for free according to the proportion of the EOS net recharge amount (recharge amount-withdrawal amount). To put it simply, the user recharges the mainstream digital currency to the exchange to obtain the corresponding platform currency.

2. Direct purchase:

   Users can directly purchase platform tokens with legal currency or other mainstream digital currencies on the trading platform.

So far, FCoin, which does not have a hard cap for trading and mining, has become the digital asset investment platform with the largest trading volume in the world in less than a month since its launch.The value of its platform currency FT has skyrocketed from US$0.01 when the ICO was launched to US$1.05. However, FT has continued to fall in recent days after its sharp rise in the past few days.

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I'm Qi Ming from Odaily. To explore the real blockchain, please add WeChat qingmoruoshui for project communication and breaking news. Please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.

I'm Qi Ming from Odaily. To explore the real blockchain, please add WeChat qingmoruoshui for project communication and breaking news. Please note your name, company, and position. For reprinting/content cooperation/reporting, please contact report@odaily.com; illegal reprinting must be punished by law.