Project party and community users:
As stated in Announcement on the adjustment of the FCoin GPM listing rules and new trading zone added plan, In order to encourage project parties to adopt FT for project fundraising, FCoin GPM will add “FT Trading Zone”. The listing rules of this trading zone will adopt "PoFT (FT Financing Proof )" mechanism.
In order to support early projects with high growth potentials and strong technology background, the “Proof of FT (PoFT)” projects listing mechanism is as follows:
1. Based solely on the principles of registration, when the project party completes the fundraising of FT (the amount of funds raised must be no less than 3 million FTs) and obtain the recommendation by at least two FCoin-certified GPM organizations, it can then submit application to be listed on FCoin GPM “FT Trading Zone”. Click Here to submit the application
2. FCoin GPM certified organizations are responsible for reviewing the white paper of the project parties and the authenticity of their fundraising process. The list of GPM certified organizations is subject to subsequent announcements. If there is any dereliction of duty on the part of GPM certified organizations, they will be disqualified immediately and the projects they recommended will also be suspended.
3. In addition to the basic project information, when applying for FCoin GPM “FT Trading Zone”, the project party must provide at least 2 recommendation reports by GPM certified organizations together with FT fundraising address or FCoin account as proof of fundraising. The address or FCoin account should hold at least 3 million FTs. After completing the “Proof of FT (PoFT)”, the project party can then enter the listing process.
4. In addition to the items required in the weekly work report, the project party shall disclose also in the report, the balance changes on the raised FT funds.
July 14， 2018