Rabu, 18 Desember 2019

FRT





What Is First Trade Token - FRT

FRT is the abbreviation of First Trade Token, which is ERC20 based digital asset issued by the decentralized digital asset trading platform ---1st Trade Exchange. FRT is mainly used to build and motivate the global FRT community and support the project operation. 1st Trade provides crypto trading services for FRT ecosystem and supports real-time exchange trading with mainstream currencies. 1st Trade provides a carrier for FRT use cases, as an important part of the FRT ecosystem.\

Project Background

FRT carries the core value and equities of 1st Trade platform, and is the cornerstone of the future ecosystem development of 1st Trade. It adopts the multidimensional balance mechanism of “decentralized community node + chain use cases” to maintain the ecosystem balance for sustainable development and to boost the intrinsic value of FRT. 1st Trade focuses on creating a trading system based on blockchain technology for each eco-participant and is committed to developing an self-governance community ecosystem.

Team Ambition

1st Trade team will keep developing blockchain-based financial derivative service based on blockchain industry development and focused on technology, basic trading ,wallet and community in order to make blockchain assets exchange be the bridge between traditional finance and blockchain assets instead of only for trading.

FRT Offering Mechanism

FRT token is an improved [deflation-type ERC20 standard token] based on the standard ERC20 contract standard and supports all ERC20 standard interfaces. It can be used for exchanges and various types of Ethereum wallets such as imtoken, metamask, etc. The GAS fee also keeps normal standards. （1）Total amount：500,000,000 （2）Initial offering price：0.06 USDT （3）Distribution.




FRT Functions

1. Functions Based on Exchange Underlying Service
2. FRT- Based Community Functions 
3. FRT DPOS Ecosystem Node 
4. FRT DPOS Ecosystem Node 
5. Ecosystem Node Equities 

FRT POC Community Incentives 

POC mechanism： Proof of Contribution. Users who contribute to the 1stTrade platform and the FRT community will be rewarded with FRT, including referral reward, repost reward, content creations, and social contributions. Relevant incentive contribution data in the POC mechanism can be queried.
1. Referral reward Platform users invite new users to register for sign up in 1st Trade can get referral reward. Initially, static mechanisms are used to give platform users a fixed amount of referral rewards; Forward incentives will use dynamic calculations to ensure a balance between FRT quantity and its price. Eg：The platform user invites the friend to register and pass KYC
2 verification, and the invitee's trading volume reaches 10000 USDT, both inviter and invitee can be rewarded with 10 USDT for each. 2. Repost reward Share and repost content related to 1st Trade or FRT community to get FRT rewards. Including repost 1st Trade platform content information - platform announcements, platform details, platform activity details, etc. FRT community PR articles - community articles, media articles, etc. 1st Trade and FRT social media content information - Twitter, Facebook, LinkedIn, etc. The user submits relevant sharing links on the platform, and the platform will distribute the reward according to the relevant weights and dynamic incentive algorithms.
3. Content creation reward Create content related to 1st Trade and FRT. Including YouTube videos, social media posts. Submitting relevant links on the platform, the reward will be distributed based on the parameters of the chain weights* and the dynamic incentive algorithm*

FRT Utility Roadmap

  • 2019 Q4
Staking function with Static Reward
Trading Fee Deduction
FRT Token Release
  • 2020 Q1
On Chain Staking function will available, the POS on chain governance will start
  • 2020 Q2
First Trade Fund Establish
POC consensus will available on the First Trade
Fund website to let community members can get
POC reward through their contributions.
POC Incentive Consensus Publish
  • 2020 Q4
Self-governance of Inflation and deflation on the chain
Finish POC+POS Consensus
Trader can loan stablecoin through cross chain
  • 2021 Q2
Issurance system on FRT.
On-Chain Stablecoin Issurance system
  • 2022 Q3
On-chain mortgage loan avaliable
On-Chain Leverage Loan System
As the payment gateway of implementation in
  • 2023 Q2
crypto and fiat exchange
Fiat & Crypto Trustable Payment Gateway
  • 2023 Q4
Provide universal API on FRT chain to let 3rd
party Audit and Clearing service provider can give a certificated data to all community members
On-chain Clearing & Audit

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Author : jalan rusak
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