FCoin, founded by Zhang Jian, former Huobi CTO and author of the book “Blockchain: Defining The Future Finance and Economic Landscape” has gained investments from top-notch investment institutions including Danhua Capital, Node Capital, Singer Capital, Timestamp Capital, 8 Decimal Capital, Zipper Fund and other investors. Zhang Jian said:
“We are delighted to receive investments from such trusted partners and look forward to progressing our plans to become a leading player in the cryptocurrency trading market.”
The platform is innovative and unique in its form of organization in that it is not simply a trading platform but a new community that its users. They have 3 unique features:
- It is the world’s first fully transparent trading platform, with the disclosure of real-time assets and transaction data on the platform.
- The world’s first platform adopts a “transaction fee mining” model and more than half of the FTs are rewarded to community users by returning the transaction fee.
- Beyond the self-organizing ecology of the community, 80% of the exchange’s revenue will go to the holders of FT, while FT holders also have the right to participate in the major decisions of the community.
This marks the starting point for the evolution of FCoin. Next, FCoin will advance a clearing and settlement system based on the cross-chain technology. Eventually, they want to transform the exchange into a structure of Token and Blockchain and practice in-house token economy.
FCoin has two ways to accept cryptocurrencies. The first is by recommendation. Cryptocurrency which is highly recommended by a majority of the community members and meets the criteria can be listed on the mainboard, while others can go to the innovation board after scrutiny.
They assure a great turnaround time with the audit results being given within 3 working days after the submission of the application, and, if the audit results are positive, the approval will be given immediately.
The platform is developed by a well-qualified international team. The core team of the community consists of people from world-recognized companies who have considerable experience in both Wall Street and blockchain technologies.