Detailed Interpretation of FT1808

1. In the securities market, a warrant is a financial derivative with an expiration date or other enforcement conditions. FT1808 is a warrant product launched by FCoin that can be easily recognized as “FT that would be redeemed in one month” and in the meantime enjoys all rights as FT.

2. FT1808 has been launched to encourage investors to hold FTs in the long term while stabilizing the impact of daily mining output on the market.

3. Daily dividends for FT holders are not affected.

4. During the duration of the warrants product, the transaction fee is 100% returned based on our “Trans-fee Mining” mechanism, but adjusted from return in FT to return in FT1808 while the return algorithm keeps consistent with the previous one.

5. FT1808 will open FT1808/USDT trading pair in the USDT zone on GPM and users can buy or sell at any time.

6. FT1808 and FT are issued and delivered according to the 1:1 conversion ratio, which can be understood as FT1808=FT

7. The duration of FT1808 is one month, the initial release will be completed on July 26, 2018, and the delivery is due at 0:00 on August 26.

8. Regardless of whether the price of FT1808 rises or falls, the exchange ratio of 1:1 will not change on the date of delivery.

9. In theory, after FT1808 expires, the next FT warrant product will be issued.