In the year 2014, Mt. Gox exchange was handling over 70% of the bitcoin transactions — and it was hacked the same year. Hopes were collapsed as investors lost their bitcoins, the price crashed, and the exchange went bankrupt while leaving a mess behind.
With each passing year, multiple unseen events have unfolded in the exchange industry. With some, the damages were little — and heavy with others.
However, as we enter 2020, we are observing a new momentum in the industry where exchanges — to stay ahead in this competition — are not just increasing their product line but also protecting its investors.
This is why I would like to talk about FMex.
Let me elaborate on this.
In fact, FMex is the first community-based derivative exchange, and it comes with all the bells and whistles you would expect. There aren’t a lot of articles written around it — and that is why I am going to elaborate on this community exchange, and show you possibly what’s new — and why it is reliable.
What Makes FMex Special?
The technological architecture was developed by FCoin, which is a spot trading exchange with a Sustainable Mining mechanism. This, combined with several benefits, makes FMex special:
Benefit #1: Ironclad Security
In simple words: FCoin's ecosystem has been bulletproof. No hacks (yet).
The technical exchange has been working flawlessly — and FMex is backed with security. After all, times have changed — and funds have to be safe.
Benefit #2: Incentivized Trading Experience
Not just a better trading experience but you also receive incentives for trading, and that’s unheard of. Through FMex, 80% of the fees generated are given back to the token holders.
Plus, with the introduction of the new Sustainable Mining (called 2.0), a portion of the dividends will create a deflationary token mechanism.
Benefit #3: Better Tokeneconomics
The entire FCoin ecosystem - with FT public chain - thrives on a better tokeneconomics, in which the community users are the owners of the platform. To make this possible, the token metrics are distributed 35%, 35%, and 30%.
Based on this, and the number of tokens locked, the daily income is distributed. Here are the details:
Benefit #4: Daily repurchase and destruction
As mentioned earlier, the FMEX tokens are repurchased and destroyed everyday. It leads to reduction in the total circulating supply, and appreciation of the price -- in the long run.
Benefit #5: Rebate on Fees
I am an exclusive partner with FMex and that offers multiple benefits. One, for me, is I get 30% rebate - and you get 10% rebate in return. This means you will be able to receive lifelong 10% discount on your trading experience.
Here is the exclusive invitation link: https://www.fcoin.pro/i/PlVyM
So, these are the benefits of FMex - and they make the exchange reliable. Currently, FMex supports perpetual contracts of Bitcoin and Ethereum.
Go ahead and give it a try!
