Dear community users:
The differentiated transaction fee on FCoin Main Board was officially implemented in the early morning of January 19, 2019, and has been under the testing of the market for several hours, which has drawn high attention of The Community Committee. The depth of transaction on each board was obviously improved, which once again prove that community-based decision-making is not only democratic but also intelligent.
Statistically speaking, the proposal effectively increased the transaction depth and stimulated the participation of the community and the market. However, the Community Committee also received feedback from community users, along with our data analysis, the differential transaction fee rate during the test period did encourage the participation of Maker (passive closing the orders), while obviously discouraged for Taker (active taking the orders). Therefore, in order to better balance the interests of Taker and Maker and promote the coordinated development of the trading ecology, the Social Council Community Committee decided to decrease the rate to 0.5‰ (five ten thousandths) after a temporary emergency meeting, to achieve a balance while maintaining market competitiveness. The specific implementation time is subject to the platform announcement.
FCoin is a community-based exchange, and your participation determines the future of FCoin. We are looking forward to receiving more feedback from more community users.
Secretariat of FCoin Community Committee
January 19, 2019