Initiator of three proposals: run! (Proposal 1), Stone Online (Proposal 2), Donglai (Proposal 3), and Special Guest Zhang Jian.
This debate consists of three sessions: initiator statement, debating session and summary session.
The first session: Each initiator explain his understanding of FOne and the current problems FOne faced.
Proposal 1: Run
Design of this proposal:
Profit distribution mechanism + marketing effect = whether the merchant can survive.
How the Merchant, FT holder shareholder and FCoinwill distributed 100% profits:
Proposal 1: allocation for merchants is basically around 65%, and with more reasonable ladder-shaped competition mechanism.
Option 2: allocation for merchants is about 60–70%,
Option 4: only 10% for merchants which can be directly excluded, while for okex and houbi, this percentage isabout 50%
Option 3 can also be excluded: we need to ensure the interests of the head merchants, so that they can be loyal to the platform and bring new businesses.
Proposal II: stone
This proposal is to improve the enthusiasm of the merchants, to increase the transaction volume and transaction depth, so that more people actively help the FCoin platform to develop better.
Option 2, basic dividends plus dynamic rewards, combined with t repurchase and destruction, which can balance the interests of all parties. In early stage, trading volume can be used as the dynamic rewards standard. Later some other factors can be introduced in according to the improvement of the platform.
Proposal III: Donglai
About my understanding on FOne and current issues.
FOne’s positioning: FCoin2.0 is a technical service provider, everyone can open an exchange.
- The cold starting by transfee-mining mode was successful, but it also brought some problems. The price of FT plummeted, and investors lost faith. The platform is under lots of pressure lately.
- Although the trading experience is constantly optimized, but there is still a big gap between the first-class exchange;
2.Communitization: community users are the shareholders of the platform, shall have the opportunity to participate in community building and community development process .
- The core technology: We have had the largest trading volume in the history of the exchange, and platform security is guaranteed.
4． Self-contained traffic: we have been in the center of public opinion whether in the early stage or at the present. When our business can be stabilize or even grow, this self-contained traffic will bring us a lot of advantages then.
- Transparency: This advantage is not too obvious when price is low, but will be revealed and become one of our core competitiveness when price go higher..
5 . We are a exchange with public heart, it showed by following three things:
1 stop transfee-mining
2 used profit to buy back FT
The above is the embodiment of FCoin’s, along withthe power of the community and our technology, we can be even stronger in the future.
- used FCoin Fund to buy back FT
What can FOne exchange do?
Providing technical support and open our developing authorities, let the market to promote business and expolre more possibilities.
Following possibilities I can think of based on the exchange’s gameplay, FOne can be
1, an exchange of spot trading, like Binance.
2, an exchange of fiat month trading, like ZB.
3, an exchange of margin trading, like Huobi.
4, an exchange of futures trading, like OKEX.
5, an exchange of options trading, like JEX.
6, an exchange of transfee mining, like FCoin1.0.
7, an exchange of transfee mining, can be any feasible innovation model.
What’s more important is that not only we have Chinese uers, but from global wide.
The above non-exchange gameplay may be implemented in the short term or never be able to realized, they are just some possibilities I can think of.
- can be a game mode, developers can develop their own game projects like F3D, Zethr, ETH.TOWN, EOSBET.
- can be a virtual product trading platform, and support the trading of all virtual products, such as the services and transactions that Taobao (Ebay) does involves.
- can be an app store, to develop under the requirement of merchants.
- there are more fun ideas waiting for you to discover and participate.
The positioning of FCoin2.0 is a platform and a technical service provider. We welcome everyone to discuss the possibilities, as long as it can bring benefits and bring profits to the platform and FT holders.
Current issues FOne faced.
2, the number of main coins is insufficient, all main coins must be fully supported in the future.
- We will face the problem of trading depth at the early stage which can be solved through sharing depth. We should have larger volume and measures to encourage placing orders.
3, FCone still works as a trading zone right now. I hope it can develop as an exchange in the later stage, to support the complete domain name, independent page and so on.
5, The platform can technically support the operationsof the shops, and share the commission with merchants.
- The review process needs to be speeded up, the process can be simplified and is transparent.
Part 1: Initiator elaborate on his proposal
Proposal I: Run:
80% of the distribution is for the head merchants.20% and 30% can be understood as a competition ladder.
Proposal II: stones
Option 2 is basic dividend plus dynamic reward, combined with a repurchase destruction mechanism. This repurchase and destruction mechanism will allow some people who do not support Option 4 and Option 3 to have some leeway.
Proposal III: Donglai:
There are three reasons for the recommendation of option 3:
Firstly, it is simple. Too many rules can be a shackle for FONE which will kill too many possibilities.
Secondly, is the fairness. Encourage same standard for all merchants
The last one is the low threshold, which allow more people participate in, then FONE will have a chance to grow bigger, which means more dividends FT holders.
Reasons for the design of the 2–8 distribution ratio:
The second part of the debating: Explain the mechanism of their own proposal and the impact it may have on FOne’s prospects (3 minutes)
- Many great platform companies like Meituan, and Didi all use this golden ratio, and Tmall is even lower than this ratio.
- There are other platforms ask above 50% distribution, but it won’t work for FCoin based on current situation.
- Some operations already limited the development of FCoin, which will cause vitality losing.
- 20% will be taken from all merchants. Our income is proportional to the total income of the merchants. Only when FOne grows bigger, more profit will be brought, and more dividends can to allocated to FT holders.
Proposal I : Run
We only need simplicity and stability at this stage which can help to attract more people. That’s why I denied option 3 and 4, because they will have to change before enter the bull market.
In addition, comparing schemes 2 and 3, option 1 will save more room for the platform to engage in activities, and attract merchants. If Option 3 is implemented but don’t work. The platform will have to launch more activities, which won’t be good for a total of 4% revenue.
Proposal II: Stone
The 60% dividend can guarantee the basic income of merchants, 20% dynamic rewards is a mean of macro-control to motivate the merchants and regulate their behaviors. Then these parts used for repurchaseand destruction, plus 23% of FCoin fund, which can be increased to about 30%, which expands the deflation expectation and supports FT price, which is good for everyone.
The biggest feature of this proposal is the consideration of three parties. To ensure everyone has a basic income and also encourage those who are actively participated in.
Proposal III: Donglai
Option 3 is the easiest and quickest. Since tranfeemining has stopped, and free trading for Main Board A, and FONE is now the main income source of FT holders. The sooner FONE starts, the better it is for FT holders.
It’s better not to have too many constraint in the primary development stage of FONE. Providing a fair environment and also lowering the threshold for entry, which can help to lock the FT’s liquidity, increase its application scenario, and the actual value of FT. When FT enters the positive cycle, these will become the power of development.
The third part of the debating: evaluating other competition proposals
Proposal I: Run
I will skip option 4.
Option 3 is a good option. I know exactly that okex is 50%, for option 3, merchants accounted for 80% while the platform accounted for 4%, as a technical service provider to ensure everyone’s safety, but he can only get 4% the profit, do you think this is appropriate?
Option 2 is a good solution. first It is smoother, it uses a Y=X curve, which is theoretically more elaborate than a sweeping approach. Second, it introduces destruction. Because there is no data support, I can’t explain compare with option 1 which is better. Theoretically it’s finer than the first one.Option 1 is more concise but option 2 is more complicated.
Proposal II: Stones
First of all, option 4 is obviously unscientific, 10% is attributed to the merchants which will decrease theirenthusiasm, and make trading volume and depth of the entire trading area even difficult.
About option 1, it’s much similar to my proposal II, only mine adds repurchase and destruction. Compared to option 1, I think option 2 is more scientific.
About option 3, 80% for the merchants and 20% for the platform, which leaves no leeway for everyone.
Proposal III: Donglai
The starting point of Option 1 and Option 2 is very good, but in fact there is a fatal problem which islacking of fairness, and will force some small merchants to exit from this market.
The biggest problem of option 1 is that, if the bottom 80% merchants can’t compete with the top 20, which leads to the exit. The newly-entered merchants can’t compete with the top 20, which leads to fewer and fewer stores, and less incomes of the whole patform. This is why it is necessary to ensure the fairness for everyone on the platform.
Motivating is supportive, but not in this way,.
As for option4, I said that fish can be big only water is enough. The ft holder can get more dividends only more merchants come in and bring more profits, that’s when the value of FT can really show up. 1*80% is much smaller than 100*20%.
The fourth part of the debating: defending yourself
Proposal I: Run
I will give the answer to the questions on proposal I and II.
Under the spirit of the blockchain, constant and stable is the fairest. The reason why Bitcoin and Ethereum is so powerful is that they are stable enough.
Last I would like to say something to those who supports option 3. Those who hold millions of FTs (mostly are those “holding up” on FCoin) will be able to open stores and make more money if option 3 passes. It may sees like you have more dividends, but in fact platform will lost the credibility, lost the right to maintain users. Moreover, if these people really go to play, and your resources are not enough, basic Your income is zero, what is the difference between 20% and 80% of 0, so I think we need to calm down and think carefully before making a choice.
Incentives will make users feel our responsibility. Option 3 leave us no room for manoeuvre, which is not good for later strategy. The aggressiveness of Option 2 is increasing. Repurchase and destruction can also reduce the resistance of some policies, so that it can also obtain understanding and recognitionof most users.
Now back to the positioning of FC2.0, which is a platform-based service provider. What is the most important thing about the platform? Fairness. The example I gave just now, 20%dividend is completely incapable when competing with 80% dividends. This is why the option 1 failed during the referendum. In fact, 60% is also difficult to compete with 80%. The result is inevitably that more shops will have to close. Then the early merchants have to repeat the competition again and more shop closed. And it’s the same logic for option 2.
So I request again please pay attention to our positioning, do not undermine fairness as we are a platform. As for the incentive part mentioned in Option 1 and Option 2, I think it should not be the basic rules. It should be a short-term plan for operation and promotion.
As for the other proposals, 20% dividends are too small, the total amount of dividends per day is less than three bitcoins. What we have to do now is to make the pool bigger, 3X80% is much smaller than 300X20%.
Proposal I: Run
The proposal collection from the community is a good idea. I only contribute 20% of this proposalbecause many people have made a lot of efforts before. We are the shareholders of fcoin, and we need to choose a good solution for the future development of FCoin, so that we can make profits. In the last I want to say that I have high expectations for FCoin, and I hope FCoin is getting better and better, thank you.
Proposal II: Stone
I hope that everyone will vote rationally. FOne is a good attempt. Option 4 is not good for everyone’s participation, merchants have high operating cost promotion costs, 10% will be much less for that. Thank you. FOne can be an opportunity, a big opportunity in the bear market.
Proposal III: Donglai
FCoin is under the most embarrassing period since transfee mining ended and trading fee is free for Main Board A. Even 80% dividends for FT holders, there are still less than three BTCs in total per day. It is better to let the merchants operate, and FCoinprovides support for the merchants. so that they can make the pool bigger, FT holder can have more dividends.
The main focus of Option 3 is the positioning of FC2.0. The platform is a technical service provider,should be simple in the early stage of FONE. Should be no much restrictions for merchants. At the same time, FCoin must lower its posture, play the role ofservice provider but not a regulator.
Sharing from special guest MR. Zhang Jian
I would like to end up with a few words. This debate is wonderful. Everyone is well prepared! I will share some of my ideas on the debates and about the future.
FCoin’s future revenue e is very large, and will have more types of income e. So I think as long as FCoincan keep growing, the community keeps expanding.
I think that whether it is a bull market or a bear market, I feel that we should firmly expand our community, traffic, and trading volume. The income will definitely group up, and to a bring future that everyone can’t imagine!
I have talked with many investors, even the investors of the most well-known companies on world stage. In fact, everyone who knows the truth that, the most thing to make a great company successful is the thingit originally imagined.
What I want to say is that the space that FCoin can explore in the future is very large. Therefore, as long as we hold the initial heart of community, to follow this direction. we will be able to walk out of a way that all of us can imagine. So I said that great things must have evolved but not planned!
Today, November 24, 2019, marks the official release of Bitcoin Core 0.19.0, the 19th major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 11 years ago and still the dominant Bitcoin implementation on the network today.(Though due to an issue that came to light in a late stage of the Bitcoin Core 0.19.0 release process, the version released for download is ... June 3, 2020 Crypto Leave a Comment on US Dollar Is Dictating Bitcoin (BTC) Price?! – Crypto Trading & Cryptocurrency News. Bitcoin Price Analysis & Crypto News! THUMBS UP & SUBSCRIBE NOW + ! ***** VIP ELITE PRIVATE TRADE ALERTS- … Post navigation. SJ Hybrid Energy™ Coin crypto currency. 5 Numbers That Tell the Story of Markets Right Now. Related Posts 🔥Crypto Savy Live Chat ... Bundle lets users send, receive, and spend bitcoin and Nigerian naira, the country’s main currency. Bundle will also let users spend Binance coin, the exchange’s native cryptocurrency, which has been doled out to loyal and active traders using its crypto exchange. Eventually, Bundle users will be able to spend and save Binance U.S. dollars, stablecoins backed by U.S. dollars and regulated ... Binance is the largest global cryptocurrency exchange in the world, but it has avoided competing in the U.S. until a few months ago with the launch of Coley’s subsidiary. To remain compliant with regulations, Binance.US exists as its own company. In October 2019, when Binance.US launched, Binance captured 60 percent of the legitimate cryptocurrency trading volume, its highest share of the ... Diddy Torched Eminem – So Why’s He Trying to Hire Nick Cannon? July 20, 2020. Home; Bitcoin; Crypto-News; Videos; Contact Us; Search for: Search. Home. Videos. Bitcoin has a VALUABLE Future: HERE'S WHY [Crypto News] Bitcoin has a VALUABLE Future: HERE'S WHY [Crypto News] July 20, 2019 Crypto Videos. Hey Altcoin Daily Team!! Yes! You are gonna like this video. Today I want to talk about The ... Yele Bademosi, a director at the venture capital arm of the world’s largest cryptocurrency exchange, Binance, is launching Bundle, one of six African startups the crypto exchange is now funding ... Let’s take minute, just sit right there and let’s talk some crypto! CryptoCurrency market news and altcoin, bitcoin news! Follow Us on Twitter: … Post navigation. QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier. SPONDOOLIES SP30 BITCOIN MINER Main Board PCB-2013 Rev_A00 Virtual Currency. Related posts . Videos . Holiday Crypto News. September 24, 2020 ...
[index]          
How to buy Bitcoin and send it to Binance to buy LEND Miksu Kulechov. Loading... Unsubscribe from Miksu Kulechov? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 21. Loading ... Let me show you How to Withdraw Bitcoin From Spectrocoin To Other Bitcoin Wallet Like Binance. Link: http://ohcryptocoin.com/spectrocoin http://ohcryptocoin.... How to transfer Litecoin or Bitcoin from Coinbase to Binance - Duration: 10:57. ... Lets Talk Crypto Dollars - Duration: 46:52. Chicago Crypto Hustler 171 views. 46:52. How to use BINANCE Exchange ... Download Binance- https://goo.gl/A18vHZ (Official Link) SUBSCRIBE (LIKE & SHARE) -DONATION Praised- Bitcoin- 1MvhMNSZxuhU725p1D6C8BJoSoEhZvoBt3 Tron ... 10 Best Side Hustle Ideas: How I Made $600 in One Day - Duration: 16:07. Let's Talk Money! with Joseph Hogue, CFA Recommended for you tuto binance francais - achat / vente / trading sur marge - achat crypto monnaie altcoin et bitcoin - duration: 32:57. Cryptanalyst - Analyses crypto FR 2,589 views 32:57 6.8 Bitcoins - Profit! How to earn bitcoin on binary option. Cryptocurrency trading on Cryptobo How to earn bitcoin on binary option. Cryptocurrency trading on Cryptobo - Duration: 7:32. Good morning everyone! I hope you had a great holiday, let's get back into the crypto talk. Today we talk Verge FUD, electroneum, binance, bitcoin diamond, my 11 cryptokitties & a new lending ... What do you think about current markets? Are you optimistic? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a ... 🔴 Bitcoin & Stocks LIVE : ... How to use BINANCE Exchange (Beginners Guide) 2018 Best Trading Strategy to prevent Crypto Loss - Duration: 23:48. Crypto Fiend 319,373 views. 23:48. Novogratz ...