(BlockBar) On the evening of June 30, the founder of Firecoin, Leon Li, wrote in his personal public website to disclose in detail the plan of the Firecoin Public Chain. Together with the Nervos Foundation, Firecoin will build a block-based, global asset monetization and financial market infrastructure. The Firecoin Public Chain will provide a regulatory framework in the chain to meet the high-performance requirements of financial transactions and support different types of financial transactions. At the same time, the Firecoin Public Chain will support the third party to develop and operate the sub-chain based on Firecoin Public Chain Agreement, and support the third party to provide DEFI services for the assets on the chain.
Leon Li said, “Any product, first of all, must explain who it serves, what problems it solves, and what social value it creates. The starting point of a project lies in the insight into a social problem or user needs to be solved. Firecoin is a company focusing on block chain business. Here are our thoughts and discoveries:
1) There is a great gap in the level of financial infrastructure among countries in the world, and the cost of completing financial infrastructure in traditional way is very high.
2) Traditional financial enterprises have low operating efficiency and high service cost.
3) Block chain products are relatively separated from mainstream financial markets.
Based on the above problems, the core positioning and characteristics of the Firecoin Public Chain are as follows:
1) Global asset monetization and financial market infrastructure based on block chains
2) Providing a chain of regulatory frameworks to fully and deeply support regulation
3) Provide high-performance online transactions to meet the requirements of financial transactions.
4) Supporting different types of block chain assets and traditional asset chains
5) Supporting the third party to develop and operate subchains based on Firecoin Public Chain Protocol
6) Supporting third parties to provide DeFi services for online assets
He also said that firecoins are designed to:
1) The mission of Firecoin Group is to “make finance more efficient and wealth freer”. The Firecoin Public Chain not only conforms to the strategy of Firecoin Group, but also completes the mission of everyone in the Firecoin market.
2) Strategically, the infrastructure of the financial public chain is still in its early stage of development, and the market demand is clear, which is a very deterministic business opportunity.
3) Firecoin has accumulated in the area of asset trading in block chain for six years. It has unique advantages in understanding block chain, accumulation of technology and combination of asset trading, understanding and practice of financial market.
4) Although the main business of Firecoin has some leading advantages, the industrial form of block chain asset exchange in the future may undergo far-reaching changes. The exploration of public chain technology and business model is not only an innovation breakthrough, but also a strategic defense.
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