Dear community users:
The first phase of the Incentive Program for FCoin (ie, the invitation rebate ) was aimed at rapidly expanding the number of early community users. The first phase Incentive Program for FCoin have achieved the desired goals very well.
Here, we start the second phase of Incentive Program for FCoin by increasing the liquidity of FCoin community and encouraging the goal of holding FT:
1. Rules and Restrictions:
(1) For each trading user, the additional income per hour of Trans-Fee Ming = coefficient *normal mining income
The calculation method of normal mining income is the same as before, which is FT equivalent to the user previous hour's 100% cumulative trans-fee (FT equivalent price is the average price of this hour).
Coefficient = User's snapshot FT holdings * 100 / FT total liquidity
(Note that the coefficient is no more than 10%).
Suppose you have 2 million FTs and the current FT total liquidity is 2.5 billion. Coefficient = 2 million * 100 / 2.5 billion = 8%, so your additional mining income per hour is: 8% * Your original mining revenue sum (ie 100% trading fee refund).
That is, your total mine revenue for this hour is = (100% + 8%)* FT equivalent to the user this hour's 100% cumulative trans-fee.
(2) The additional income generated by the second phase Incentive Program for FCoin will be accumulated on a daily basis, and will be returned on the following day.
(3) Relevant restrictions:
·The coefficient is not more than 10%.
·The maximum accumulated income per hour of mining shall not exceed 0.5% of the total amount of FT held by the user's hourly snapshot.
2. Start time and Duration
The second phase of Incentive Program for FCoin was officially launched at 15 o'clock today (GMT+8). The duration of the plan is subject to future announcements.
3. Supplementary Explanation
It is also important to emphasize that the user's trading fee100% refund (see "Trans-Fee Ming" principle) will continue until the FT total liquidity reaches the 10 billion issue limit. This is the established principle of FCoin, not an activity.
July 6, 2018