Project providers and community users:
The FCoin GPM project is mainly blockchain project of the early stage. There are extremely high investment risks, including but not limited to poor quality, poor liquidity, drastic price changes, etc. In order to protect the interests of community users, the following rules are formulated:
1. All project providers that have been scheduled for the listing process must determine the reasonable FCoin issue price within one hour before the opening of the GPM trading markets and publicize it. The basic principle of the issue price is as follows: For the first-listing project, the issue price is the private placement price; For the projects that have been listed in other exchange, the issue price refer to the 24-hour average price of other exchange.
2. Within 24 hours of new coin/token listing, the FCoin platform will impose the following restrictions on the price (by limiting the order price): the upward must not exceed 100% of the issue price, and the downward must not exceed 50% of the issue price. The limit is lifted after 24 hours. At the same time, FCoin's operations team will closely monitor the prices of relevant tradings, remind the community users about the related trading risks in form of announcements, and decided whether or not to take temporary suspension measures depending on the circumstances.
3. If the project provider has the behavior of manipulating the token price, the FCoin operation team will immediately suspend the project and do the delisting process.
4. The above-mentioned rules must also be followed by the tokens that first listed on GPM today. We will list tokens that have confirmed its issue price one after another today between 21:00-24:00( GMT+8, the same below). If some of the project providers have not confirmed the issue price, please send an email to email@example.com.
July 2, 2018