We are getting very close at the launch of our new smart contract which is scheduled to be deployed on 2018–10–24 15:00 PT on Ftxchange.com

FTX token

A new upgraded version of FTW token

Type

NEP-5 standard (includes 5.1 extension)

Total supply

Dynamic supply (Max: 50 million)

Features

FTW Locker: Users can lock their FTX in their address for a certain period of time in the smart contract. After FTX gets locked, FTX cannot be transferred from the address to which it has been locked but can be received from others. It is impossible to unlock FTX from that address, however, it will be unlocked automatically when the lock period is over. Users will use this function for claims, payments and contracts.

Contract transfer: FTX can be transferred between smart contracts. This will allow FTW team to develop the future products flexibly.

Token swap

You can swap FTW to FTX in 1:1 ratio. Use FTW wallet or Invoke mintTokens API with the amount you want to swap. We will make this process very simple and easy.

FTXchange

FTXchange is a purely decentralized OTC platform. It will help NEO users to exchange their NEP-5 tokens in a much safer way with much less fees directly through the smart contract.

Orders

Maker: Makers make orders to buy tokens. We will provide all existing NEP5 token list. Makers can even type token hash if they cannot find the token in the list. However, makers cannot buy tokens in our blacklist. We will blacklist some tokens that do not support dynamic call. Makers choose a payment token which has to be in whitelist. Our team will whitelist tokens that support contract transfer with minimum order amount. The contract transfer was not in the NEP-5 standard before, so, many NEP-5 tokens do not have this feature in their token contract. However, NEO currently added the feature in the standard so we will have more whitelist tokens in the future. Current tokens in the whitelist are: [“FTX”, “CNEO”, “CGAS”]

Taker: Takers just click the “Take” button in the opening order list in order to take an order. Once you take the order, Smart contract will exchange the tokens to its new owners.

Cancel: Makers can cancel their orders anytime with no cost.

Fee rates

Maker: 0%

Taker: Default is 0.5%. 50% discount on FTX trading. Default can be moderated.

Fee claim for FTX holders

After the order gets completed by taker, it becomes claimable order. FTX holders can claim those orders and take the fees.

Holders must lock their FTX more than its time condition.

Holders must hold FTX more than its holding condition.

It allows one time per address in the time condition.

First come, first serve basis.

We will announce in detail about the claim conditions on the day we will launch our mainnet. Current testnet conditions are:

Holding 100 FTX.

Claim every 10 mins.

Lock FTX more than 10 mins at each claims.

Referral center

Users can promote FTXchange with a referral link. Referral code will be added to the visitors and in orders when they make or take orders. When FTX holders claim fees, the rewards will be deposited to referral’s address that was added to the orders. Users will claim reward balances anytime on FTXchange website.

Testnet

Try our testnet to meet FTX and FTXchange earlier. Please help us audit our contract to report your experience and suggestions.

Testnet: test.ftwcoin.io