FCoin Opens FOne Trading Zone with New ‘Transaction-Mining’ Model
FOne Trading Zone Now Open
FCoin has officially announced that it is open a new trading subsidiary zone, called FOne. This latest news is quite critical as it shows that the crypto firm is in the next level of its development with a community-based governance structure. It is a significant upgrade from the first iteration that relied on transactional-mining approach and a cold start.
What is FOne?
FOne was launched as a self-governing subsidiary trading part of FCoin. It allows sponsor firms to issue crypto tokens, control trading through private pages and even a custom FCoin subdomain. These trading zones are entirely independent, and FCoin will not interfere with these zones. Every sponsor can adjust their trading zones however they see fit based on their community and business needs. The only feature that carries over from FCoin to FOne is transaction mining. End users can capitalize on the 100% trading fees return in FT tokens.
How FOne Works
FOne is available on FCoin’s official website, specifically on the homepage. Despite going live recently as a trading platform, FOne has already processed a sizeable daily trading volume of nearly $500,000. Experts expect this trend to continue as more sponsors get on board. Popular funds like Bawei Capital and FBG are already testing out their trading zones, and more will undoubtedly come to showcase their products to the crypto community.
As expected, the trading zones are quite limited for now since FOne is in the initial steps. Nevertheless, there are still listings for favorite projects like GSE, UGC, LOOM, and IOST among others. Multiple organizations sponsor the best performing trading zones here. Additionally, the fact that all projects are vetted and audited thoroughly before instant listing means reduced cases of fraud.
According to FCoin founder, Zhan Jian, they plan on pushing the efforts to develop this new trading system while enhancing their core products to deliver better services and also technical support to project parties and users. The FOne launch has helped to free up FCoin from making judgments on various projects and the management of token issuance. Consequently, the developers will spend more time improving the trading ecosystem, essential product functions and increasing exchange security.
Zhang believes that the focus on community building rather than just the trading exchange side of the business was vital to their rapid growth. The most significant success of the platform so far has been their innovative transaction mining, FT income dividends and also the stable platform currency, FCoin. With such blockchain-friendly services, FOne and FCoin are poised to continue rising significantly.