Dear community users:
As Second Phase of the Incentive Program for FCoin Announcement said: The basic principle of the Incentive Program for FCoin is to increase the liquidity of FCoin community and encourage holding FT.
In order to further implement the principle of encouraging the holding of FT, we will adjust the algorithm for additional mining income from 16:00 on July 10, 2018 (GMT+8) and other rules remain unchanged.
Additional income per hour of Trans-Fee Ming = coefficient ONE * coefficient TWO* normal mining income.
(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.)
coefficient ONE = User's snapshot FT holdings * 100 / FT total liquidity
(The coefficient is not more than 10%)
The algorithm for coefficient TWO is as follows:
First define the parameter C as a 24-hour increase.
C = (FT/USDT average hourly price - the average hourly price of FT/USDT before 24 hours) / Average hourly price of FT/USDT before 24 hours.
If C <= -2%, then the coefficient TWO = 0
If C >= 2%, then the coefficient TWO = 1
If -2% < C < 2%, the coefficient TWO = (C + 2%) / 4%
It is also important to emphasize that the user's trading fee 100% 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.
There is still much room for FCoin to grow. We sincerely thank you for your kind support and look forward to your valuable suggestions.
July 10, 2018