FMF 2.0: An Update on Token Utility

June 4, 2019

FMF
FMF
Jun 4 · 2 min read
  1. FMF for custody and brokerage: The FMF staked during the issuance and sponsorship process will be used to cover custodial, brokerage, and withdrawal fees within the Formosa Financial treasury management app. These fees are communicated when transactions are performed within the platform, with wallet balances then updated accordingly. This functionality will be available to all beta users of the platform, which is due to be released in late June. Unique features for digital assets supported on the Formosa Financial platform include access to both crypto and fiat wallets, enabling multi-funding sources and global capital market management for best trade execution. Custody solutions include third-party digital asset management services including secure wallet protection and auditing services for security tokens.
  2. FMF for trading fees: FMF holders can deposit their FMF on CEZEX and receive discounts on trading fees for FMF pairs. In the upcoming weeks, a fee schedule will be published outlining the discounts available based on FMF held, and how trade fees are calculated in FMF price. All digital assets issued by Formosa Formosa will be eligible for listing on CEZEX for access to trading and secondary markets.

Formosa Financial

Financial Services for Blockchain Innovators

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FMF

Treasury Management Services for Blockchain Innovators

Formosa Financial

Financial Services for Blockchain Innovators