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1st Trade, A Secure & Compliant Exchange Driven by Blockchain Technology

FRT is that the abbreviation of First Trade Token, which is ERC20 based digital asset issued by the decentralized digital asset trading platform1st Trade Exchange. FRT is especially wont to build and motivate the worldwide FRT community and support the project operation.

1st Trade provides crypto trading services for the FRT ecosystem and supports real-time exchange trading with mainstream currencies. 1st Trade provides a carrier for FRT use cases, as a crucial part of the FRT ecosystem.

FRT carries the core value and equities of the 1st Trade platform and is that the cornerstone of the longer-term ecosystem development of 1st Trade. It adopts the multidimensional balance mechanism of “decentralized community node + chain use cases” to take care of the ecosystem balance for sustainable development and to spice up the intrinsic value of FRT.

1st Trade, A Secure & Compliant Exchange Driven by Blockchain Technology

1st Trade focuses on creating a trading system supported blockchain technology for every eco-participant and is committed to developing a self-governance community ecosystem. 1st Trade team will keep developing blockchain-based financial derivative service-based on blockchain industry development and focused on technology, basic trading, wallet, and community so as to form blockchain assets exchange be the bridge between traditional finance and blockchain assets rather than just for trading.

FRT token is an improved deflation-type ERC20 standard token supported the quality ERC20 contract standard and supports all ERC20 standard interfaces. It is often used for exchanges and various sorts of Ethereum wallets like imtoken, metamask, etc. The GAS fee also keeps normal standards with a complete amount of five hundred million tokens and initial public offering price:0.06 USDT.

Functions supported Exchange Underlying Service like Trading fee deduction Users pay the trading fees via equivalent FRT when trading in 1st Trade, Trading fee discount Besides trading fee deduction via equivalent FRT, there'll be a trading fee discount with a particular percentage for paying the trading fees via FRT.

Also, Two-way referral reward Invite friends to check-in. More reward if invitees pass KYC2, both inviters & invitees rewarded, then Trust insurance 1st Trade will believe its own custody business to develop a digital asset custody insurance business. Users only got to consume platform token to get personal or institutional digital asset insurance, which ensures asset security.

And then, real estate loan 1st Trade applies blockchain & Defi-related mortgage lending function to the platform token ecological construction in order that the user can earn max benefits during a fair and transparent manner, and Stable coin equities 1st Trade plans to believe the platform digital asset custody-related functions to develop a mortgage lending function supported the blockchain in order that users have more risk hedging rights.

Latest 1st Trade Exchange Updates

1st Trade started beta version public test on Sep 25, 2019. Then they officially launch the exchange in November. To celebrate the launch of the first Trade digital asset trading platform, the first Trade team decided to possess a referral Reward from Nov 8, 2019, 14:00 to Dec 7,2019 13:59 (HKT) and First-Time Deposit Reward from Nov 8,2019 14:00 to Dec 7,2019 13:59 (HKT).

Image 1.0 Latest Look on 1st Trade Exchange

All 1st Trade users are often rewarded with 10 USDT by successfully referring friends to sign- up and therefore the invitee’s trading volume (bid + ask) reaches eq. 10,000 USDT. and every one 1st Trade users who deposit a minimum of 500 USDT for his or her first-time deposit are often rewarded with 10 USDT. When the user’s trading volume reaches eq. 10,000 USDT (bid + ask), the reward is often unlocked and traded freely.

1st Trade Token (FRT) with Delegated Proof of Stake

DPOS (Delegated Proof of Stake) may be a consensus algorithm supported voting. The holder selects the representative node to work the network and uses the professionally run the network server to make sure the safety and performance of the block network. the first Trade Center network uses a symbol of Stake (POS) mechanism and therefore the weight of the validation, node depends on the entire amount of the staking token (FRT) that are bound.

The FRT is often held directly by the validation node or it can delegate the tokens of other FRT holders. Any user within the system can become a validation node candidate by sending a transaction that verifies the node election. within the node ecosystem, it's not necessary to unravel the mathematics problem. The token holders vote to in or out, which solves the performance problem of the POS.

The validator participates within the election, and therefore the validation node is adequate to the entire amount of the bound token and the delegated token, and therefore the 13 validation nodes with the very best total amount will become the delegation node. FRT also will generate dynamic monitoring on the chain to dynamically adjust the circulation of existing coins and therefore the amount of latest token unlocked by the block so on realize the dynamic rights of the delegated nodes.

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