Dear community users:：
According to “FCoin Community Committee passed the resolution on supporting the opening & closing and price limits policy (trial) on FCoin Innovation Board”, FCoin will support the resolution in two stages which are: to support the price limit system as well as the closing price for mark meaning (does not actually execute the closing operation) at the first stage; to support the opening & closing and introduce the Call Auction Mechanism. Please see the details as follows:
1. Price limit policy has been implemented on FCoin Innovative Board as of this announcement been published, specifically:
The highest price upward or the downward range during the opening period of the day shall not exceed 10% of yesterday's marked closing price, which is the last order price at 9:15 am (GMT+8). The plan is achieved by limiting the price of pending orders, that is, to restrict the upward price into 10% for limit-buy orders (no restriction for the limit-sell orders), and the downward price into 10% for limit-sell orders (no restriction for the limit-buy orders). Therefore, when the upward or downward range reaches the limit, we can still see the sell orders or buy orders above or below.
2. We will support the opening & closing policy and the introduction of the Call Auction Mechanism on FCoin Innovation Board when the technology development is completed and fully tested. The specific time shall subject to the platform announcement.
May 23, 2019