Dear community users:
For the sustainable development of FT, along with the current market conditions, the algorithm of Incentive Program for FCoin will be adjusted as follows:
Extra revenue for each community user per day = (total mining output of the previous day / total FT amount for community rewards) * FT amount held by the user on previous day.
1.Total mining output of the previous day refers to the FT issued by the Trans-Fee Ming (100% trans-fee refund). Currently, it is returned in the way of FT1808, but FT is still issued along with FT1808 at the ratio of 1:1. For details, please refer to Announcement of launching FT1808 warrant and adjusting refund mechanism of “Trans-Fee Mining”.
2.The total FT amount for community rewards is 5.1 billion FT, which is the mining limits of FT.
3.FT amount held by the user on the previous day, based on the minimum of FT holding amount of the hourly snapshot.
4.The return method is still in the form of FT1810-I. Specific information on the FT1810-I can be found at Announcement of the FT1810-I warrants to be issued and the third phase of transaction mining revenue incentive plan.
5.The FT of all lock positions, including the FT previously issed part, implements the LAR(Locked immediately after release) principle and the Founding Team and FCoin Fund FT Lockout Plan. None of the above sections participate in the upgraded Incentive Program for FCoin .
1.The goal of this adjustment is still to encourage FT holding, which could be interpreted as changing the original “POW mining” into “POW+POS mining”. That is to say: the more FTs you hold, the more extra mining rewards gained.
2. This algorithm plan is to make sure that the portion of their holdings won’t be dilute for the additional release of trading mining. In other words, for long-term holders, the holding portion of total amount will remain unchanged.
3.It is also important to emphasize that 100% refund of trading fee (see "Trans-Fee Ming" principle) will continue until the FT total liquidity reaches the 10 billion issue limit.
Aug 1， 2018