Our White Paper has a detailed explanation of Reimbursement of Transaction Fees. Overall, 51% of the platform's total FT base (referred to as "community reward portion" from now on) will be reimbursed to users over time via our "Trans-Fee Mining" mechanism. However once this 51% of the total FTs has been fully released via reimbursement, the "Trans-Fee Mining" mechanism will automatically end.
Concretely, how this is carried out:
Every day (GMT+8, same below) starting at 0 o'clock, we will convert 100% of the transaction fee generated by the user into FT for accumulation every hour. The discounted price is calculated based on the average price of FT for that hour (average price is total transaction amount/total volume).once per hour, return the mining output in the same hour interval before 24 hours. For example, in the interval of 7:00-8:00 on a certain day, the mining output of the previous day from 7:00-8:00 will be returned.
Since July 25, 2018, the reimbursement method has been adjusted, please refer to Announcement of launching FT1808 warrant and adjusting refund mechanism of “Trans-Fee Mining”