1stTrade

BORNEO82

Introduction

With the development of blockchain technology and cryptocurrency business in the world, there is no end to important discussion in the mass media to the crypto community in various countries.

The presence of blockchain technology, especially in the field of financial technology is not to disrupt and shift the traditional finances that have tasted salty oceans first, but want to provide education about this renewable technology so that people care about and understand the benefits of the ability of this technology.

Keep in mind, cryptocurrency is supported by a decentralized blockchain technology system, so that there is no recording of wrong or missed transactions. Obviously this is very different from the financial transaction system that already exists today, so there are many financial institutions, even government agencies to try and implement this blockhain technology.

Along with the development of this technology, the author wants to introduce a project called "FRT or abbreviation of" First Trade Token ". This FRT is ERC20-based digital assets issued by a decentralized digital asset trading platform, to develop blockchain-based financial derivative services based on the development of the blockchain industry. and focus on technology, basic trading, wallet and community to make the exchange of blockchain assets a bridge between traditional finance and blockchain assets not just for trade.

FRT Offering Mechanism FRT token is an improved [deflation-type ERC20 standard token] based on the standard ERC20 contract standard and supports all ERC20 standard interfaces. It can be used for exchanges and various types of Ethereum wallets such as imtoken, metamask, etc.

The GAS fee also keeps normal standards.

（1）Total amount：500,000,000

（2）Initial offering price：0.06 USDT

（3）Distribution：

FRT function

As follows below:

1. Function Based Services Underlying Exchange

Among them is a reduction in trading costs, a discount on trade costs, then a two-way referral prize, trust insurance, also functions as a mortgage loan, and a more stable coin equity

2. FRT-Based Community Function

Among them there is a prize campaign, there is the right to vote for governance of the First Trading community, then there is a select node (All community nodes and token holders can determine the node level by periodically selecting the super node so that the largest community node gets the most benefit)

3.FRT DPOS Ecosystem Node

DPOS (Delegated Proof of Stake) is a consensus algorithm based on voting. The holder selects a representative node to operate the network and uses a professionally run network server to ensure the security and performance of the block network.

4. FRT DPOS Ecosystem Node

Total mining: 170,000,000

Duration: about 3 years

Percentage: 34%

After starting mining, the COSMOS node can receive 155,000 FRT prizes per day.

5. Equity Node Ecosystems

COSMOS node equity

Under the static node mechanism, 7 COSMOS nodes will be launched at an early stage. When the number of single node delegations reaches 5 million, the benefits will be realized. The maximum delegation for one node is 10.5 million.

FRT POC Community Incentives

POC mechanism: Proof of Contribution. Users who contribute to the 1stTrade platform and FRT community will be rewarded with FRT, including referral prizes, repost prizes, content creation, and social contributions. Data on the contribution of relevant incentives in the POC mechanism can be asked.