Based on <100% payment capacity>, Our exchange platform has proved that we have the ability to redeem 100% of the assets for everyone at any time. Now it is time to promote the multi-signature and co-management of platform cold wallets according to the plan. Under this system, more people are required at the same time to deal with the assets of the platform cold wallet. After these two systems are complete, we have guaranteed the capacity of payment, and completely eliminated the risk of personal evil at the same time. It forms a closed loop on the whole exchange security system. The completion of this matter also represents that our platform has become the world's first crypto exchange that cold wallet is fully controlled by the community (individuals, institutions), which has epoch-making significance.
1. A total of 7 seats are now planned for multi-signature. In addition to the platform operation team holding 1 sign, the rest of the seats are nominated by the community (individuals or institutions) and determined by community voting.
2. This time the 5/7 multi-signature scheme is adopted. There are 7 seats in total, of which at least 5 seats are required to deal with the assets of the cold wallet.
3. A general election of the seats is held at least once a year.
Basic requirements of community candidate:
1. FT ≥ 5 million or FMEX ≥ 2 million or FUSD ≥ 200,000 (or 3 members of the individual or community who meet the above requirements)
2. Familiar with Blockchain and IT related security knowledge or related operation skills
3. Be able to response to the relevant matters of the wallet in time
4. Accept the publicity of the positions held by FT, FMEX and FUSD
5. Understand zero-knowledge proof + multi-sign system
Have unique resources or expertise in the industry related to Blockchain, which can help the development of the platform.
1. Fill in the application form: "check the link here".
2. The platform will verify whether the applicant meets the basic requirements and publicize the qualified applicant.
3. Multi-signature holders are selected by community users by voting.
Reward and penalty Regulations:
1. If the wallet-related matters cannot be dealt with in a timely manner twice in a row, it will be publicized to the community and replaced in sequence according to the referendum
2. A basic subsidy of 200 USDT is given each month, and each multi-signature event is attended, a reward of 100 USDT is given, and the monthly reward limit per seat cannot exceed 1000 USDT
From now until 24:00, July 25, 2020 (GMT+8)