Author: Iris Li
Mr. Jian Zhang, the founder of FCoin, was interviewed by Lieyuncaijing (Chinese local blockchain online media) and he said,
“FT will become the leader to carry the development of the warrants economy, which will be the greatest innovation after Bitcoin. I don’t need to guarantee anything, because it will be the truth soon.”
Under the current situation of the overall downturn in the digital currency market, FT, considered as the platform currency that has risen around 100 times in one month, has caught people’s eyes apart from the World Cup these days.
FCoin has pioneered the model of “Transaction Mining plus Dividend”, supporting the exchange to be a dark horse. Half a month after launching, its trading volume not only soared to the top of the global exchange, but also even exceeded the total sum of the second to the seventh exchange.
FT, as the platform currency of FCoin, has attracted everyone’s attention for the strong upward trend of its value. It has been launched for less than one month but has risen for nearly 100 times.
However, after FCoin’s innovative model shining, there are many other exchanges desiring to follow it. The founder of FCoin Mr. Jian Zhang was interviewed by another Chinese local media, he was asked that what is the core protection of FCoin to fully use the unique ‘Transaction Mining method’ and to prevent other exchanges to copy it.
During the interview, he stated,
“The first and the fundamental value of FCoin is the brand advantage. If you only know that this is an exchange but you don’t know who establish the exchange, which implies that it will be very difficult for the exchange to solve the initial problem of trust. Hence, the brand advantage combining with the influencers of the exchange are of great significance. The second should stand in the technology side. If there is no extremely powerful technology, and it is impossible to ensure such a transaction with the volume.”
For many exchanges having followed the ‘transaction mining’ model, Xiaohai Lin, the head of TTEX in Asia-Pacific region that the exchange uses the same model as FCoin, said,
“Every innovation requires great courage. Under the recognition of this innovative model, TTEX follows the FCoin and starts the transaction mining model. Because we have well prepared and we think that just two moats are not enough.”
Xiaohai Lin has presented why TTEX and FCoin could be the practitioners of the Transaction Mining model based on the following four inspects.
- The initial trust should be strongly built up.
TTEX is the first digital asset trading platform in the world to present a review committee. The review committee is formed by over than 31 well-known investment institutions and investors and will vote on the projects. The operation will resolve the independence of the project parties, reviewers and institutional parties. TTEX advocates the valuable investments and supports users to select the high-quality digital assets. The special review system could solve the initial trust problem.
- The security issues should be the core concern.
The issue of financial security is the primary concern of users and platforms. Knownsec, one Chinese network security company supporting the blockchain security system of Huobi Pro, offers the security service to TTEX to ensure users’ financial security. This means that TTEX users will enjoy the same security protection as Huobi Pro users.
- Technologies must be the strong support.
The technical team of TTEX are professionals from international renowned digital asset trading platforms. Team members have been deeply practicing technology for many years and could ensure the smoothness of the system under the premise of users’ high-frequency and large-volume transactions.
Considering the exceeding 100 billion of FCoin’s daily transaction volume, the TTEX technology can already support the same transaction volume.
- The underlying algorithm is stood as one creative design.
A technician who is familiar with the algorithm called FCoin’s underlying algorithm as the ‘genius-like ideas’. Mr. Jian Zhang, the founder of FCoin, said,
“People who really understand me will marvel at the exquisiteness of my design.”
Similarly, the strong technical team of TTEX has offered the strong basic support for the exchange.
If you say that Binance, Huobi Pro and Okex represent the 1.0 era of the Digital Asset Exchange, FCoin and TTEX have undoubtedly opened the 2.0 era of the Digitial Asset Exchange based on their ‘Transaction Mining plus Dividend’ model.