Dear community users:
I. Introduction of FT1810-I Warrants (delivered in October 2018)
In line with the new phase of the transaction mining revenue incentive plan, FCoin will launch the FT1810-I warrants today, which is specifically:
1. FT1810-I warrant is a new type of trading variety launched by FCoin. It is issued in the way of transaction mining revenue incentive plan. After the expiration, the FT is delivered at a ratio of 1:1 (for the conversion method, see the second part of this announcement).
2. The FT1810-I generated by the transaction mining revenue incentive plan, it is locked in the FT1810-I warrant account as a collateral, and the dividend is accepted as normal.
3. The FT1810-I will complete the initial release on July 29, 2018 (GMT+8, the same below) and open the FT1810-I/USDT trading pair in the main board B.
4. The FT1810-I will be due for delivery at 0:00 on October 29, 2018, and will return the FT to the FT1810-I holder due at 1:1 ratio on the delivery date. All accumulated dividends are also allocated to the FT1810-I holders.
II The third phase of the transaction mining revenue incentive plan announced
In line with the principle of encouraging fair trade and active markets, FCoin will start the third phase of the transaction mining revenue incentive plan, specifically:
1. The extra return for each community user is: the transaction fee generated by the user on the day, the platform additionally calculates the transaction mining revenue incentive plan fund by 5%, and the incentive is converted into FT1810-I and completed the next day, and the conversion price is calculated based on the average price of FT1810-I on the day.
July 29, 2018, is the initial release date of FT1810-I. additional 5% of transaction fees accrued on July 28, 2018 will be converted to FT1810-I on July 29, 2018 (since the FT1810-I is issued for FT1:1, Before the FT1810-I was opened for trading, it was converted to the average price of FT.
3. The third phase of the transaction mining revenue incentive plan will be officially launched at 0:00 on July 29, 2018. The terminate time is subject to future announcements.
4. The user's personal transaction fee is 100% refunded (see “Transaction mining” principle) until the FT total liquidity reaches the 10 billion issuing limit.
A description of the value of the FT1810-I and how to price it:
1. FT1810-I is a future FT conversion warrant issued by the third stage of transaction mining revenue incentive plan. It will be officially delivered on October 29, 2018. It can also be simply understood as the future FT delivered at the agreed time after issuance.
2. The value of FT1810-I consists of two parts, one is the net value of FT on the delivery date, and the other is the three-month dividend accumulated by the FT locked in FT1810-I (accumulated by day).
3. The real-time price of the FT1810-I can be calculated using this formula: FT current price + dividends included in the unit FT1810-I (accumulated dividends from the date of issue to the present FT) + expected FT price increase after three months.
4. FT1810-I as a small-cap, short-term variety, short-term price is determined by the market supply and demand relationship, the above calculation is for reference only, not as investment advice or basis, please community users to judge.
July 29, 2018