Dear community users,
The security of digital assets for individual users has always been one of the greatest threats to the development of blockchain industry. This risk has not been effectively guaranteed at the institutional level. Now we are very happy to see that the FInsur community is filling the gap in this area. Today we are very pleased to announce that FCoin is about to initiate strategic cooperation with FInusr and launch a series of insurance products to ensure user safety.
1, We will soon introduce insurance products that provide basic security protection, covering all FCoin users. FCoin will provide “Account Stolen Insurance” with a $2,000 equivalent insured amount for each FCoin registered user. It will be provided free to all registered users. Specific information such as the effective time, the conditions for payment, etc., shall be subject to the recent announcement.
2, The FInsur community token FI (FInsur Token) has applied for the first listing in the FCoin Innovation Zone, and we will schedule it according to the current process. FInsur website please click [FInsur.com], FInsur white paper, please click [https://finsur.com/FInsur-en.pdf].
We will also continue to publish information such as the Listing Committee, GPM Listing Process.and gradually improve the community governance structure. The community governance structure will gradually improve.
3, The FInsur community fundraising of total of 2000 ETH to institutions investors of have been completed. In order to give FCoin users an opportunity to participate, FInsur will allocate the remaining 2000ETH's fundraising quota to the FCoin community users at the same price (ie 1ETH:50000FI) as the institution's fundraising.The quota will be allocated in proportion to the FT's holding. All FT holders can freely participate in the quota range.
The specific method is as follows: FCoin will take a snapshot of FT holdings at 14:00 on June 27, 2018 (GMT+8, the same below), and give the same percentage of FInsur private placements as the percentage of FT held by each user in the snapshot (Stabilization funds will also be calculated). We will issue an F code for each FT holder in the matching private placement quota within 24 hours after the end of the snapshot. All FT holders can participate in the private placement of FInsur with F code. The F code is valid for 24 hours. If it exceeds the valid period, the F code will be invalidated. The final fundraising situation will be announced separately.
There are many places where FCoin needs to grow. Thank you for your support of FCoin and look forward to your valuable suggestions.
June 26, 2018