Dear community users:
FCoin plans to use 10% of the total daily revenue (ie 50% of the platform revenue) for the repurchase of FT, and the repurchase FT will be all placed to FCandy. The corresponding FCandy issuance quota generated by this method will be allocated according to the position of all FCoin registered users FCI06 component index [https://support.fcoin.com/hc/zh-cn/articles/360007291313]assets holding. The specific rules are as follows:
1. FCoin will snapshot the user's balance of all FCI06 assets (BTC, ETH, BCH, LTC, ETC, FT, USDT) for each hour of every day, and convert the total assets of the user according to the previous hour's average price. We will take the minimum of the total assets in the first 24 snapshots on the next day as the user's daily baseline position.
2. FCoin will use 10% of the total revenue of the previous day (ie 50% of the platform's revenue) for the repurchase of FT and all of them will be placed to FCandy. The corresponding FCandy issuance quota is the total amount of daily assets position award.
Daily User Position Reward = the user's daily baseline position / Total of All Users Baseline Position Daily* total amount of daily assets position award
July 25, 2018 (GMT+8) is the first snapshot day for the position award, and July 26, 2018 is the first release date for the position award.
1. According to this announcement and previous related announcements, the overall situation of current FCoin platform's daily FT placed to FCandy is:
(1) 50% of platform revenue is used to repurchase FT and be placed on FCandy for reward trading users, Refer to "Incentive Program for FCoin" upgrade and algorithm adjustment announcement .
(2) The other 50% of the platform revenue is used to repurchase FT and be placed on FCandy, which is used to reward positions users. Refer to this announcement.
(3) The platform uses its own funds reserve to put 1 million FT to FCandy daily new referrals invitation rewards.The quota will be adjusted in the future according to the situation.Refer to Announcement on FCoin restarting new referrals invitation rewards .
2. FCoin's new sub-brand FOne is about to open. Since FOne will adopt a mechanism in which the FCoin-certified organizations have independent listing right and enjoy the platform revenue (refer to FOne Operational Rules (FCoin-certified organizations) Publicity ),Platform revenue from FOne will not participate in all of the above platform repurchase systems. It should be emphasized that FOne, as a sub-brand of FCoin, the stablished principle that 80% of the revenue allocated to the FT holder's is consistent with the FCoin.
July 24， 2018