Former Huobi CTO Zhang Jian Launches FCoin, Gaining Investments from Top Venture Capital Firms
June 3, 2018 4:44 am,
FCoin, a digital assets trading platform, 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.
FCoin was founded by Zhang Jian, former Huobi CTO and author of the book “Blockchain: Defining The Future Finance and Economic Landscape”.
“We are delighted to receive investments from such trusted partners and look forward to progressing our plans to become a leading player in the crypto currency trading market,” Zhang Jian said.
FCoin is innovative and unique in its form of organization in that it is not simply a trading platform or a company but a new community that its users, namely the community members, can use to execute their rights and interests by holding FCoin Tokens (FTs), issued by FCoin.
FCoin has three features. First, it is the world’s first fully transparent trading platform, with disclosure of real-time assets and transaction data on the platform. Second, 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. Third, 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.
There are two ways of accepting listings of crypto currencies, Zhang Jian explained. The first is by recommendation. Crypto currency 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.
FCoin promises that the audit results will be given within 3 working days after the submission of the application, and, if the audit results are positive, the approval will be given immediately.
This is only the starting point of the evolution of FCoin, Zhang noted. Next, FCoin will advance a clearing and settlement system based on the cross-chain technology. The ultimate goal is to transform the exchange into a structure of Token+Blockchain, and practise the token economy.
FCoin is developed by a top-notch international team independently. The core team of the FCoin community consists of people from world-recognized companies who have considerable experience in both Wall Street and crypto finance companies.
For further information, please visit official website.
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