Dear community users,
All fundraising of FMex has been completed today, with 17392364.98312308 USDT, 65594740.55363304 FT in total, and the 300 million FMEX have been all distributed at the same time. All the above funds were raised will be used for the construction and development of the FMex Contract Exchange, among which:
The 65594740.55363304 FT raised by FMex will be locked for 3 years, and the holding position will be announced in the “FT Holding Position Publicity Page”.
If this amount of fund needs to be used due to the requirements of platform development, FMex platform can obtain development funds by making FT mortgage loans to FCoin platform or third parties and return them with future platform revenue (which is 20% of the revenue distribution). In other words, FMex platform will not sell the raised FT (locked for 3 years) to the secondary market.
In addition, according to the FMEX Subscription and Placing Allotment Plan, FCoin will initiate a community vote on introducing FMEX trading pair on FCoin Innovative Board within one week. The details shall subject to the future announcement of the platform.
June 19, 2018