Feichang Niu, abbreviated as FCN, is a community founded in April 2021 with the goal of establishing FCN as a benchmark in the DEFi field.
1. What is FCN?
Inspired by ancient Athenian democratic self-governance concepts, FCN (Feichang Niu, abbreviated as FCN, also known as Wealthy Bull) utilizes blockchain technology to create a decentralized smart ecosystem for community self-governance. With DeFi at its core, through the construction of a decentralized on-chain system, FCN assists global blockchain enthusiasts, products, and individuals in achieving more open and decentralized autonomous operations, while meeting various business needs of community members through the FCNswap decentralized exchange. In the future, FCN will welcome global blockchain enthusiasts and ecosystem members, fostering a fertile ground for new ideas and businesses, and building a robust ecological value. It is foreseeable that FCN Wealthy Bull will carve out an open, free, prosperous, inclusive, and self-governing decentralized trading market in the blockchain world, bringing greater convenience to people and making life better.
2. The Value of the FCN Platform
The goal of FCN is to construct a trustworthy distributed commercial ecosystem capable of self-circulation and outward expansion using blockchain technology. Within this ecosystem, information is relatively transparent and symmetrical;
in this ecosystem, each participant in commerce can minimize the friction of trust in cooperation, making inter-party business collaboration simpler, more efficient, and lower-cost, thus concentrating resources on more advanced technologies, superior products, and better services to generate greater value;
in this ecosystem, every individual, every user can find their place, contributing their own value based on their strengths and receiving relatively fair compensation;
in this ecosystem, blockchain technology should have space to shine in all aspects, including commercial activities and corresponding economic activities.
in this ecosystem, value is rapidly transmitted within a constantly expanding closed loop alongside the development of commercial activities, manifesting as commodities, services, or direct "funds"
3. Three Major Functions of FCN
1). Asset Transfer: Efficient exchange of digital cryptocurrencies, achieving borderless, secure, real-time payments.
2). Interaction between On-chain and Off-chain Resources: Bridging the gap between blockchain and traditional internet, building a larger and more prosperous business ecosystem by better connecting users, data, and usage scenarios on the foundation of traditional internet.
3). Interconnectivity of All Chains: Blockchain will become an everyday infrastructure akin to transportation and energy, supporting all conceivable future application scenarios with cross-chain technology in the background.
4. Community Autonomy Mechanism
FCN, issued on Heco (Huobi Ecosystem Chain), is a decentralized deflationary token established spontaneously by FCN community enthusiasts. Following its launch, it adheres to the decentralized mechanism of blockchain, handed over to community users for development!
FCN will explore ways to open organizational boundaries, incentivizing and attracting more and more members to participate, work collaboratively, and form a synergy, building a virtuous development ecosystem that continuously iterates forward and self-evolves. By continuously introducing "negative entropy" to crack the "entropy death" problem of the second law of thermodynamics, FCN becomes a truly decentralized intelligent evolutionary ecosystem with strong anti-fragility. In the process of continuous evolution, it continually transforms until eternity. Throughout this process, various types of commercial operations, financial transactions, product circulation, production research, social information flows, and the behaviors behind these data will be tightly bound to Huobis public chain by FCN and the FCN token, becoming an integral part of the Huobi public chain ecosystem, contributing to the development of the ecosystem and earning rewards based on contributions. This significantly aids all participants in Huobis public chain ecosystem in moving toward an ideal society of labor distribution and equitable distribution based on merit!
5. Burning and Dividend Mechanisms
A tax of 1% will be levied on every on-chain transaction, instantly deposited into a black hole address for automatic burning.
A tax of 3% will be levied on every on-chain transaction, added to the MDEX liquidity pool to provide liquidity.
1% of every on-chain transaction is allocated to all holders. Upon holding FCN, one holds dividends.
LP is locked, ensuring 100% security and community governance.