Dear community users:
As described in the White Paper about the proportion of FT issuance, 51% of FTs are gradually allocated to trading users through the “Trans-Fee Mining” approach, and 49% of FTs are previously issued to FCoin Fund, Founding team, Strategic Partners, and private investors. This part of the FT is released in proportion to the daily mining output [Refer to Explanation of FT circulation/participation in revenue distribution ratio].
From now on, the Founding Team, which holds 12% of the total circulation ratio, and the FCoin Fund, which holds 23% of the total circulation ratio, announced:
In the next three years, all tradable FTs held by the Founding Team and the FCoin Fund (It is still released on a pro rata basis, so the proportion of the circulation is always the same) will be fully locked and will not be sold to the secondary market. They will be withdrawn to the Independent address and received supervision after the opening of the FT withdrawal [Refer to Regarding the Technology Behind FT's Release and Liquidity Mechanism].
FCoin Founding Team
June 15, 2018