On May 24th, the FT team teamed up with the Consensus Lab to release the FT public chain and ecology in Hong Kong. It is reported that the FT public chain will go online to test the network on June 6, and start the main network switch on June 16. At the same time, the FCoin First Anniversary Community Congress was held on site, and the first FT Community Governance Report was released. The FT community also co-sponsored the establishment of a 10,000-element FT eco-fund with the Consensus Laboratory. It is reported that this will be the first investment institution for community governance in China. There are more than 300 blockchain public chain projects, market, applications, wallet industry practitioners and FT community representatives.
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At the meeting, Zhang Jian, founder of FCoin and FT promoter, re-enacted the practice history of the pass-through economy in the past year. FCoin is the representative of the Certified Economic Practice School. Since its launch on May 24, 2018, FT has made a lot of attempts to mine, lock, distribute dividends and vote. Zhang Jian pointed out that the FT public chain is the real technical demand derived from community practice.
Zhang Jian disclosed that the FT public chain is based on the innovative CB-DPos consensus mechanism, supports one-click distribution of native assets, and supports complex assets of protocol assets and sub-assets. In terms of equity distribution, the FT public chain's innovative income distribution mechanism allows both Token issuers and contract issuers to receive incentives that are more conducive to rapid growth.
"The FT public chain will be based on the issuance of digital assets, with the core of dividends and voting as the core, forming a new blockchain-based distribution and governance ecology, and we hope to build the future financial and economic infrastructure." Jian said.
At the invitation of Zhang Jian, Wang Feng, the founder of Mars Finance and Consensus Lab, attended the conference as a joint promoter of the FT public chain. "We believe that the blockchain will move forward further. All financial and economic governance structures and distribution mechanisms will be rewritten, and more trustworthy, safer and more equal." Wang Feng said that he will link the industrial ecology of the consensus laboratory. Work with the FT team to promote the ecological chain. It is reported that the consensus laboratory invested more than 50 blockchain technology, applications and infrastructure projects in 2018. In 2019, among the IEO projects of the mainstream exchanges, there were 6 projects invested by the consensus laboratories, accounting for nearly 40%.
It is reported that the first phase of the FT Ecological Fund is FT equivalent of RMB 100 million and plans to invest in 50 blockchain projects in the next two years. As a fund management partner, the Consensus Lab has disclosed two major investment directions for the FT Eco-Fund: First, the surrounding ecological components of the FT public chain , including browsers, wallets, and development tools (contract editor, integrated development tool environment IDE) ), blockchain data services and other technical fields; second, there are clear profit models and income , digital currency industry projects that facilitate tokenization and community governance.
It is worth noting that the FT Ecological Fund itself is also a typical application of the FT public chain. The FT Community is the administrator of the FT Eco-Fund and exercises the rights of the Investment Decision Committee. The fund's Token FFUND is the sole equity representation of the fund. At the same time, Wang Feng revealed that in addition to the advantages of the professional team, the Consensus Laboratory will promote the formation of an open community partner ecology, with Token motivating the community to participate in the organization, investment, management and distribution of the project. Community investment institutions.
Dean, secretary general of the FCoin Community Committee, made the first FT Community Governance Report, detailing every step of FCoin and FT ecological governance since the community referendum in August 2018, 305 community proposals and five community referendums.
Dean said that the development governance structure of the FT community gives community members the opportunity to participate in FCoin's governance and truly achieve co-governance; and FT's distribution mechanism gives all FT holders a chance to receive dividends, and After FT maps to the FT public chain, FT holders can enjoy more rights and share, and the goal is to enable community members to truly exercise owner's rights and achieve commonality. According to the monitoring data of the third-party big data organization RatingToken in January this year, among the 274 projects with a market value of more than 5 million US dollars, the Telegram community activity FT has long been ranked TOP3.
In addition, in the nearly three-hour release, the head of the FT public chain, the head of the FT community, the head of the FT eco-market, and the vice president of the FT Eco-Fund also made a debut at the conference.
Some commentators believe that the FT public chain has a realistic foundation for building the infrastructure of the future financial and economic. The practice of the FT community over the past year has provided a governance ecology for this vision, and the FT Eco-Fund will be a weapon to accelerate this process. Public chains, funds, and community governance are all out, and FT is expected to make breakthroughs in the application of blockchain in 2019.