Dear community users:
All the amount of Stabilization Fund I has been subscribed and completed, all funds will be put in place before June 21, 2018 (GMT+8, the same below).
Since we believe that the current FT price is lower than the actual value of FT, the FCoin Stabilization Fund I decided to start the following repurchase FT mechanism from now on: The 100 million FTs raised were pledged to the FCoin platform for the equivalent price of USDT, ETH, BTC and other mainstream currencies at five-day average price, These mainstream currencies will be put into the secondary market to repurchase FT. Daily repurchase amount and average price will be announced in the form of announcement on the second day. After the FT price is relatively stable and the trade volume and FT release amount reach a balance, the FCoin Stabilization Fund Fund will chosee timing to exit from the market, lift the pledge and announce in advance.
Due to the issue of the renewal period of the stabilization fund, we will maintain the same strategy for the later fund when it is need. The duration of the pledge financing, the cost of capital and income will also be announced after the agreement is completed.
20 June 2018