Blockchain Cloud: A cloud piercing arrow, thousands of troops and horses come to meet! Gather the latest and most comprehensive blockchain information to grasp industry trends. Welcome to follow the blockchain cloud and grow together with blockchain!Today, Zhao Changpeng, CEO of Coin An, criticized the mining exchange on Weibo, pointing out that "mining exchanges will not continue to thrive because only fools will always become believers in mining exchanges
Blockchain Cloud: A cloud piercing arrow, thousands of troops and horses come to meet! Gather the latest and most comprehensive blockchain information to grasp industry trends. Welcome to follow the blockchain cloud and grow together with blockchain!
Today, Zhao Changpeng, CEO of Coin An, criticized the mining exchange on Weibo, pointing out that "mining exchanges will not continue to thrive because only fools will always become believers in mining exchanges. Zhao Changpeng also stated that mining exchanges use false dividends to deceive consumers, and the dividends given to investors are worthless platform currency, completely fooling investors with word games.
As the mining exchange with the largest trading volume, FCoin's founder Zhang Jian announced on his Moments: "I personally admire Zhao Changpeng and Coin An. FCoin went online today for BNB trading
Subsequently, FCoin issued an announcement: "We will open the BNB/USDT trading market in the FCoin Innovation Zone on June 21, 2018 at 17:00 (GMT+8)
It is understood that FCoin is an emerging mining exchange that was launched on May 24. In just a few days, the trading volume of FCoin has exceeded the sum of six old brands, including OKEx+Yuanan+Huobi+ZB.
FCoin proposes a new concept, namely the exchange mining mechanism:
- The FCoin platform rewards users with more than half (51%) of FTs through transaction fee refunds.
- The revenue from the FCoin trading platform will be allocated to FT holders in a fixed proportion. The allocation ratio is 80% for FT holders and 20% for platform development and operation.
Although FCoin is a mining exchange, it is different from the mining exchange described by Zhao Changpeng. The explanation of FCoin's income distribution mechanism indicates that "FCoin's income is allocated in proportion to what it is. For example, if the commission income includes BTC, ETH, LTC, FT, etc., it is also allocated in BTC, ETH, LTC, FT, etc." There will be no situation where only platform currency is returned.
The BNB coins launched by FCoin this time are blockchain products issued by Coin An, with a constant total issuance of 200 million, and a public issuance of 100 million, with no additional issuance. Coincoin is a decentralized blockchain digital asset issued by Ethereum, based on the ERC20 technical standard of Ethereum blockchain.
FCoin is the first time that an exchange has launched cryptocurrency on a platform other than its own. Industry insiders point out that if FCoin continues to significantly raise the BNB coin price and then suddenly sells, it will cause the BNB coin price to plummet and harm the interests of BNB investors.
Currently, Coin An has not responded to this.
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