Dear community users:
According to the planning of the FCoin platform asset system upgrading, withdrawal function for most coins has been opened now (and all coins will be available in the near future). In addition, the margin trading (trial run) and financial account functions are scheduled to go online as follows:
Margin trading (trial operation) and financial account functions will be opened on August 29, 2018 (GMT+8), see details as follow:
1.Application system will be adopted during the trail operation and margin trading will be open for part of users who can bear the risks based on its high risks, with a daily fixed-rate of 1‰. Official version will be on line to all community users when trial run ended.
2. There are two types of financial account functions which are: “Current account” and “Fixed Account”. The daily interest rate for the current account is 0.5‰, interest will be accrued to the following day after transferred in. The amount is not limited and can be transferred out anytime. The daily interest rate for fixed account is 1‰, shall not be redeemed in advance.
3.The coins supported for the first batch are: BTC, ETH, USDT
4. Margin Trading (trial operation) and financial account functions will bring new revenue to the FCoin community, and 80% of these incomes will be allocated to FT holders, which is the basic principle of FCoin shall never change. All revenues are accumulated and distributed in one lump sum the ending day of trail run and shall be allocated on a daily basis after that.
5. The duration of the trail phase will be subject to later announcements.
August 29, 2018