Dear community users,
FMex, a contract trading platform technical powered by FCoin platform (a derivative trading platform of mainstream digital asset), whose underlying system has undergone several rounds of internal testing and reached the industry's top technology standards, will be officially launched in early September 2019. FMex features: top technology, 80% of revenue distribution, community governance, Sustainable Mining mechanism.
FMEX (to be issued on FT public chain) is the sole equity representative of FMex platform. 80% of the FMex trading platform revenue will be allocated to FMEX holders.
The total supply of FMEX is 1 billion, which will be issued based on the principle of 35% + 30% + 35%. The specific distribution is as follows:
35% is owned by the FT community and locked for 3 years. The dividends obtained by this part of FMEX will be distributed to all FT holders.
30% will be used to raise 30 million USDT (or equivalent FT) from the market through subscription and allotment for platform development.
35% is owned by the FMex community for Sustainable Mining (will gradually return to the the traders of FMex platform through a variety of mining forms).
1. All FMEXs that are returned to the user from sustainable mining will be locked for 1 year and automatically unlocked after 1 year (calculated from the date of issuance). These FMEXs enjoy community rights such as dividends and voting during the lockup period. In addition, all dividends generated by the unreturned FMEX will be used for regular repurchasing and destruction of FMEX.
2. The FCoin platform is the only channel for FMEX subscription and allotment. There is no private placement and no internal reservation. Beware of being deceived.
The specific issuance and online trading time of FMEX shall be subject to the platform announcement.
FCoin Team & FMex Team
May 31, 2019