FMM - Market Making Fund

7-Day Annualized Yield

0%

  • Dividend/10K 0 XRP
  • Subscription Fee 0
  • Redemption Fee 0%

FMM project closed on Dec 17, 2017

  • No XRP will be distributed since Dec 17, 2017.
  • All FMM will be buy back at the price 1.1 CNY. We will put a long term buy offer there.
  • We will turn FMM to an internal project and keep running market maker bot.

It is over 3 years since we start FMM program. We learn a lot from this program.

  • To be a market maker is a good business. FMM buy/sell those fiat currencies, we can gain about 10%-30% per year.
  • The risk is from the gateways. In the past 3 years, so many gateways closed. Snapswap, RippletradeJapan, RippleSingapore, ExchangeJP, TokeyJPY etc. Luckily, we did not get any loss except TokyoJPY froze about 60k JPY (a small amount which can be covered by the profit).

Thank you all the FMM holders, it is you help the ripple gain more liquidity when it is young. Now, it is grow up, FMM is not as important as before. So we decide to stop the project and focus on other area, like apply distributed ledger technology to supply chain area.

FMM项目结束于2017年12月17日

FMM项目发起于于2014年5月。原理是在外汇市场之间用程序做市,不断进行低买高卖,并将利润分配给FMM的持有者。在过去的几年里,将近千万的XRP被分发给所有持有者。

我们学到了以下经验和教训:

  • 做市是有前途的,年化10%-30%是很容易的,如果只做利润高的品种,利润100%很正常。
  • 做市是有风险的,过去三年里,SnapSwap, RippleTradeJapan, RippleSingapore, TokyoJPY等等各国网关都倒闭了。靠着丰富的经验,我们除了被TokyoJPY坑了6万日元外,没有受到更多的损失。

FMM的主要意义是帮助了瑞波市场的成长。分发的XRP没卖的话价值也非常的高。现在瑞波的市场已经成长起来了,FMM的重要性也没那么高了。所以瑞狐不再为FMM持有者分发XRP,而是把它变成内部的项目自己玩。收缩精力也是为了更好地做其他有意义的事,比如把区块链和供应链结合起来做点事。

FMM持有者可以以1.1的比例卖出,这个买单长期有效。再次谢谢大家的支持。