Sustainable Mining Principles:
1. All FT that are returned by sustainable mining will be locked for 1 year and automatically unlocked after 1 year (calculated from the date of distribution). These FT will enjoy all community interests such as dividends and voting during the lockup period.
2. All FT for sustainable mining returns are from the FCoin Fund. The dividends received by the remaining FT held by the FCoin Fund during the return period are still used for repurchase and destruction of the FT, in line with existing policies.
3. To ensure the stability of mining output and guarantee the mining duration of at least three years through the control and adjustment of daily return, that’s why it is called “sustainable mining”.
Trading as Mining Implementation Rules:
1. Main Board A: Return 1 million FT per day based on the trading volume on Main Board A on the following day. Every 3 months will be a Trading as Mining return cycle, which remains unchanged, halved or stopped as appropriate.
The 1million FT daily returns for each trader on Main Board A shall be distributed as following according to his trading volume proportion of this coin/token:BTC： 500,000FT (Trading Pair：BTC/USDT)
ETH： 200,000FT (Trading Pair：ETH/USDT，ETH/BTC)
LTC： 100,000FT (Trading Pair：LTC/USDT，LTC/BTC，LTC/ETH)
EOS： 100,000FT (Trading Pair：EOS/USDT，EOS/BTC，EOS/ETH)
XRP： 50,000FT (Trading Pair：XRP/USDT，XRP/BTC，XRP/ETH)
BCH： 50,000FT (Trading Pair：BCH/USDT，BCH/BTC)
2. Main Board B: first to conduct a trial run of Trading as Mining (because of the new online) with the daily return of FT according to the proportion of each user’s trading volume on Main Board B and adjust the amount of return at any time, as appropriate.
The FT return proportion of each coin/ token on Main Board B will be distributed as follows:
ZEC:50,000 FT (Trading pairs: ZEC/USDT,ZEC/BTC,ZEC/ETH)
XLM:50,000 FT (Trading pairs: XLM/USDT,XLM/BTC,XLM/ETH)
ETC:50,000 FT (Trading pairs: ETC/USDT,ETC/BTC,ETC/ETH)
BSV:10,000 FT (Trading pairs: BSV/USDT,BSV/BTC)
IOTA:10,000 FT (Trading pairs: IOTA/USDT,IOTA/BTC,IOTA/ETH)
3. Innovative Board: first to conduct a trial run of Trading as Mining (because of the new online) with the daily return of 100,000 FT according to the proportion of each user’s trading volume on Innovation board and adjust the amount of return at any time, as appropriate.
Lending as Ming implementation rules (trial):
1. All FT returned the following day to leveraged traders of FCoin are based on the interest he paid.
2. Interests generated by borrowing less than 24 hours (borrowing and returning on the same day) will not participate in Lending as Ming and will not enjoy FT return.
3. Traders who have borrowed before the start of Lending as Ming, only part of interest generated after the start of mining will enjoy the FT return.
Financial Mining Rule (Trail Run)
1. The weekly 2 million FT returns will be distributed according to the User’s Financial Interest proportion among All Users' Financial Interest Amount for this week.
2. Since the financial interest distribution day is on each Monday, we will adjust the Financial Mining FT Return distribution day to each Tuesday, and the first distribution day will be on April 2, 2019.
3. The precondition of Financial Mining for lockup 10000FT will remain unchanged (Any lockup-type FT will count).
Interpretation of output stability: After the official launch of the Trading as Mining , the daily output will be fixed along with the halving and adjustment mechanism, so the output can be stable. As for the Lending as Mining part, since the leverage loan amount is limited by the scale of financial product which has an upper limit and is controllable (the principle of the upper limit control is mainly based on the risk assessment result), the output of the Lending as Mining part is also controllable and stable.
FCoin will adjust and improve the mining rules according to market conditions during the trial run of Lending as Ming.
FCoin will adjust the rules or returned FT amount according to the market situation as appropriate since Financial Mining is still at trail run.
The implementation of Financial Mining will not affect the normal financial business. (The Financial users who didn’t lock 10000 FT will still enjoy the normal Financial interest while not participate in Financial Mining).
The current financial users who have meet the locked 10000 FT request before the implementation of Financial Mining will obtain the corresponding FT returns automatically based on Financial Mining Rules.
The users without a whole week’s financial service (such as the new financial users transfers his asset only someday in this week, he will enjoy several days’ interest rather than a whole week’s) shall also enjoy the FT Returns from Financial Mining.
The FOne trading pairs as same as on Main Board are regarded as Main Board trading pairs (including trading pairs on FCoin Main Board A, Main Board B and FCoin Innovation Board), and shall comply the Main Board Transfee-Mining rules. (Main Board Trading pairs on FOne has also followed the same transaction fee charging rules and share same trading depth as FCoin Main Board).
Since March 25,2019, the reimbursement method has been adjusted, please refer to Implementation Plan on FCoin Sustainable Mining and Revenue Distribution Adjustment and the Announcement on the optimization plan of trans-mining return for Main Board A , Announcement on Algorithm Optimization of Financial Mining.