Dear community users:
The FMex contract trading platform will begin trial operation at 16:00 today (16:00 on October 25, 2019, GMT+8, the same below). During the trial run, we will start several trading competitions and Invite Reward activities, welcome community users for participation and experience.
Real-time trading trial run time
October 25 to November 8, 2019
Additional explanation on the mining quota for October 25
The mining quotas on October 25 are still under the mining quotas and mining algorithms published in “Announcement on the official launch of FMex”. Since the mining time available for open trading on the 25th day is from 16:00 to 24:00 (less than one day), the mining quota on the 25th day is different from the normal daily quota, as follows:
Trading as Mining quota for OTC.25th: 166,600 FMEX/ day
Sort Mining quota for OTC.25th: 50,000 FMEX/ day
Limit-order Mining quota for OTC.25th: 33,300 FMEX/ day
For example, if the quota of Sorting Mining is 150,000 FMEX/ day, then the mining quota from 16:00 to 24:00 on October 25 is 50,000 FMEX.
(Sort Mining is defined as every 1 minute of each day for a Sort Mining cycle, and the mining quota under the trading pair on each cycle 1/1440 of that day. 16:00 is already the 960th cycle, so the remaining quota after 16:00 is 50,000 FMEX.
1. About Income Distribution
All the distributable income accumulated during the trial operation period will be allocated after the trial operation is completed. FMex's income distribution will be “allocated by day” after the trial operation is completed.
2. About Mining
The mining quota in the trial operation stage is as follows:
BTCUSD_P perpetual contract
Trading as Mining: 250,000 FMEX/ day
Sort Mining: 150,000 FMEX/ day
Limit-order Mining: 100,000 FMEX/ day
All the above FMEX returned from mining will be locked for 1 year and automatically unlocked after 1 year. For details, please refer to “Announcement on the official launch of FMex”.
There is still a lot of rooms for FMex to grow. Thank you for your support and we are looking forward to your valuable suggestions.
October 25, 2019