Feichang Niu is referred to as FCN for short. The community was established in April 2021 with the goal of making FCN a benchmark in the DEFI field.
1. What is FCN
FCN (Feichang Niu, referred to as FCN, Fa Cai Niu) is based on the concept of democratic autonomy in Athens, ancient Greece, and uses blockchain technology to create a decentralized intelligent ecosystem to achieve community autonomy. FCN uses DeFi as the underlying technology to help global blockchain enthusiasts, products and individuals achieve more open and decentralized autonomous operations through the construction of a decentralized on-chain system, and through the FCNswap decentralized exchange, to meet the needs of the community Various business needs of members. In the future, FCN will allow global blockchain enthusiasts and members of the ecosystem to join in, form the soil for new ideas and new businesses, and create a strong ecological value. It is foreseeable that FCN will open up an open, free, prosperous, inclusive and autonomous decentralized trading market in the blockchain world, bringing more convenience to people and making life better.
2. The value of the FCN platform
The goal of FCN is to apply blockchain technology to construct a trusted distributed business ecological environment that can be self-circulating and expand outward. In this ecology, information is relatively transparent and symmetrical;
In this ecology, each business participant can minimize the friction of trust in cooperation, making business collaboration between parties easier, more efficient, and more efficient. Low cost, and then let resources concentrate on more advanced technology, better products and better services to generate greater value;
In this ecology, every natural person and every user can find their own Take a place, contribute your own value according to what you are good at, and get a relatively fair reward;
In this ecology, blockchain technology should have room to show its talents in all aspects, including commercial activities and related Correspondingly supported economic activities.
In this ecology, value is transmitted at a high speed with the development of commercial activities in an ever-expanding closed loop, and the form of value may be goods, services, or direct "funds"
3. Three major functions of FCN
1). Asset transfer: Efficient exchange of digital encrypted currency to realize unlimited, safe and real-time payment.
2). Interaction of resources inside and outside the chain: build a bridge between the blockchain and the traditional Internet. On the basis of the traditional Internet, better complete the connection of users, data, and usage scenarios, and build a bigger and more prosperous business ecosystem.
3). Wanchain Interconnection: Blockchain will become the infrastructure of daily life like transportation and energy. All application scenarios we can imagine in the future will be supported by cross-chain technology.
4. Community autonomy mechanism
FCN is a decentralized deflationary currency issued based on HECO (Huobi Ecological Chain). It was established spontaneously by FCN community enthusiasts and follows the blockchain decentralization mechanism after it goes online. , handed over to community users to hold and develop!
FCN will explore ways to open the boundaries of the organization, inspire and attract more and more members to participate in it, collaborate efficiently, form joint forces, build a benign development ecosystem, and constantly iterate forward and self-evolve. FCN solves the "entropy death" problem of the second law of thermodynamics by continuously introducing "negative entropy", and becomes a truly decentralized intelligent evolutionary ecology with strong anti-fragility. In the process of continuous evolution, it constantly breaks out of the cocoon and becomes a butterfly , until eternity. In this process, all kinds of business operations, financial operations, product circulation, production research, social information flow and other data and behaviors behind the data will be firmly bound to the Huobi public chain by FCN and FCN Daishi. On the one hand, become an inseparable part of the ecology of the Huobi public chain, contribute to the development of the ecology, and at the same time be rewarded according to the contribution, so that all participants in the ecology of the Huobi public chain can truly move towards an ideal society of distribution according to work and fair distribution Provide great help!
5. Destruction and dividend mechanism
Each transfer transaction on the chain will deduct 1% of the tax, put it into the black hole address in real time, and automatically destroy it.
Every transaction on the chain will add 3% tax deduction to the MDEX fund pool to provide liquidity.
1% of every transaction on the chain is distributed to all holders. The moment you hold FCN, you hold dividends.
LP is locked to ensure 100% security and community management.