Dear community users and partners:
In order to further implement the community-based development concept and inject new impetus into FCoin's sustainable development, FCoin launched the FOne Certified Organizations win-win plan.
1.As a holder of FT and an integral part of the FCoin ecosystem, FCoin Fund plans to take out 1 billion FT (10% of FCoin's issuance cap) from its frozen FT for FOne Certified Organizations win-win plan.
2.The FOne Certified Organizations win-win plan is specifically: All FOne Certified Organizations, in addition to enjoying a 10% allocation of all trans-fees in their trading zone, will receive an FT return of 100% equivalent of all trans-fees in their trading zone too (which come from the frozen portion held by the FCoin Fund). This part of the returned FT still follows the three-year lockout principle agreed by Founding Team and FCoin Fund FT Lockout Plan . The frozen part of the FT that is returned by the win-win plan is accumulated monthly and returned in the following month (converted according to the average monthly price). After the 1 billion frozen FT (see Article 1) is returned, the plan will stop.
3.As a sub-brand of FCoin, FOne still follows the principle of 80% revenue allocated to FT holders. In other words, 80% of the FOne trans-fee revenue will still be allocated to all FT holders. At the same time, the original "Trans-Fee Mining" principle is not affected.
Interpretation of the purpose and expected impact of FOne Certified Organizations Win-Win Program:
1. Encourage Certified Organizations to become long-term holders of FT while recommending and exploring good projects.
2. Enhance the project quality and trading activity of the FOne, Benefit community users.
3. Increase the revenue of the FCoin platform and increase the value of the FT itself.
4. The rewarded FT is derived from the FCoin Fund and does not increase the existing FT supply in the secondary market.
FCoin Team & FCoin Fund
August 5, 2018