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ZT Labs launches Fei Protocol project participation

ZT Global
  • Updated

Dear ZT user:

Fei Protocol will officially launch the creation exchange event in the near future, and the platform will provide a unified exchange channel for users. Users can participate in "ZT LABS" and register through ETH. The platform will uniformly exchange Fei Protocol for users.

Participating in Fei exchange can also participate in the sharing of 100 million TRIBE (Fei Protocol governance tokens) according to the proportion of the number of ETHs participating. 

 

ZT Labs-Fei Protocol Project Token Sale Service Rules

  1. Total participation: 500 ETH
  2. Obtain the currency:
  • Obtained a stable coin FEI equivalent to the value of participating ETH
  •  And get additional governance token TRIBE (100 million TRIBE will be divided according to the proportion of participating ETH)
  • For example, the current price of ETH = 1900USDT, you use 20 ETH to participate in the creation of the world, and a total of 200,000 ETH participates in the creation of the world
  • You can get 38,000 FEI and 10,000 TRIBE
  1. Payment currency: ETH (ZT wallet account)
  2. Participation time: 13:00, April 1, 2021-12:00, April 3, 2021 (UTC+8)
  3. Token issuance time: The stable currency FEI and the governance token TRIBE will be issued within 3 working days after the official participation ends
  4. Participation entrance: "ZT Labs" at the top of the web page, or "Fei Protocol-Labs" Banner on the APP end
  5. Participation process: Log in to the ZT web terminal (take the web terminal as an example) — “ZT Labs” at the top — enter the number of participation required — complete the graphic verification code — perform deduction
  6. Reference price: 1 Fei ≈ 0.5-1.01 USDT (varies according to the amount of participation)
  7. Release rules: no lock-up
  8. Minimum participation amount: 0.1 ETH
  9. Maximum participation amount: 10 ETH
  10. Support object: complete KYC certification

 

Project Overview

  1. Project/Token Name: Fei Protocol (Algorithm Stable Coin FEI, and Governance Token TRIBE)
  2. Project introduction: Fei Protocol is a decentralized stablecoin platform with fair distribution, high liquidity, and scalability. The goal of Fei Protocol is to keep the trading price of ETH/FEI closely following the price of ETH/USD and to maintain high liquidity in the market.
  3. Team background/investment background: Including Andreessen Horowitz (a16z), Framework Ventures, Coinbase Ventures, AngelList creator Naval Ravikant, ParaFi Capital and Variant Fund, etc.
  4. Official website: https://fei.money/
  5. White paper:  https://s3-us-west-1.amazonaws.com/assets.fei.money/docs/whitepaper_CN.pdf
  1. Token model:
  • Total amount of TRIBE: 1 billion
  • 40%: DAO treasury (dominated by community voting)
  • 20%: Initial DEX product (IDO)
  • 13%: FEI core team (unlocked in 5 years, 10%, 15%, 20%, 25%, 30%)
  • 10%: the start of the creation
  • 10%: liquid mining (allocated in 2 years)
  • 5%: investment institutions (unlocked in 4 years)
  • 2%: community funding
  • There is no limit to the total amount of Fei Protocol 

 

Other considerations:

1.This ZT Labs "Fei Protocol" can be rushed on the "web" and "APP". The "Fei Protocolrush investment" page will be launched at 12:00 on April 1, 2021（UTC+8）;

2.The specific token issuance time and listing time are subject to the actual progress of the project party, and other uncontrollable factors such as project delays are not ruled out. Please participate in the case of fully understanding the project.

3.In view of the fact that the economic mechanism implemented by Fei Protocol is brand new, there are certain unpredictable risks. If the total participating funds of Fei Protocol Creation is less than 210 million USDT, we will stop participating in the creation and return all ETH within 3 working days, and all participating ETH will be given an annualized 5% income. Participants in the creation of Fei Protocol should first understand the principles and vision of the project before participating.

 

 

Risk warning: Digital assets are innovative products with large price fluctuations. Users are requested to rationally judge their risk tolerance and make decisions prudently. To

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Thank you for your continued support to ZT! ZT will continue to provide you with better products and better services!

 

ZT team

April 1, 2021