FCoin referendum results released — deflation mechanism invoked, unreleased FT tokens to be burned

Dear community,

Tonight, FCoin announced the results of their first community referendum. After a heated discussion and voting process, a consensus was reached to adopt Option 1 of the community referendum plan. This option invokesthe burning of all the unreleased FT tokens and initiates the FT deflation mechanism. In other words, this means the era of “transaction-fee mining” first initiated by FCoin has officially come to an end after the vote by community members passed with an overwhelming approval of 93.12%.

The goal for FCoin’s future development is to become a community-based platform that returns to the roots of an exchange. FCoin also plans to bring in a new era where everyone can have the ability to issue their own tokens under the sub-brand FOne, the true FCoin “2.0”.