Dear community users:
FMex will be officially put into trial operation from 16:00 (GMT+8, the same below) on October 25, 2019. The main purpose of the trial phase is to allow the community to experience the FMex real trading and to further improve the product details. The trial operation will last for two weeks.
I. About income distribution
1. All the distributable income accumulated during the trial operation period will be allocated after the trial operation is completed.
2. FMex's income distribution will be “allocated by day” after the trial operation is completed.
The specific allocation of the implementation plan and details will be announced through the platform announcement form before the end of the trial operation.
II. About Mining
During the trial operation phase, we will start three mining types simultaneously, which are Trading as Mining, Sorting Mining, and Limit-order Mining. Click to view algorithm details. The mining quota during the trial phase are as follows:
BTCUSD_P Perpetual Contract
Trading as Mining: 250,000 FMEX / day
Sorting Mining: 150,000 FMEX / day
Limit-order Mining: 100,000 FMEX / day
All of the FMEX returned from the above mining are locked for 1 year and automatically unlocked after one year.
III. About the trading competitions
1. FMex Trading as Mining Contest
We will launch the “FMex Trading as Mining Contests” at 16:00 (GMT+8) on October 26, 2019, on a day cycle for 3 continuous days. Each contest will last from 16:00 to 16:00 of the next day. The Top 50 users of daily trading mining will receive 5000 FMEX rewards (lockup for 1 year). The specific rules of the contests will subject to the future announcement.
2. FMex Daily Profit Ranking Competition
We will launch the “FMex Daily Profit Ranking Competition” at 16:00 (GMT+8) on October 26, 2019. The user will automatically be eligible for the day if his total assets in account not less than 0.02BTC that day. The competition time is from 16:00 to 16:00 of the following day. Users ranked first in the daily profit rate will receive 1 BTC rewards. The specific rules of the contests will subject to the future announcement.
IV. About the invitation activities
After the trial operation is launched, we will launch two invitation activities, “Shareholder Strength” and “Partnership Plan”. The specific implementation plan will be subject to the following announcement of the platform.
Thank you for your support and we are looking forward to your feedback.
October 21, 2019